Certain Notifications Until Closing. From the date hereof until the Closing, each party shall promptly notify the other party of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action or proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 shall not limit or affect any rights of or remedies available to such party; provided, further, that, with respect to subsection (c) a failure to comply with this Section 5.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied.
Appears in 7 contracts
Samples: Exchange Agreement (Bridgewater Bancshares Inc), Exchange Agreement (Bridgewater Bancshares Inc), Exchange Agreement (Bridgewater Bancshares Inc)
Certain Notifications Until Closing. From the date hereof until the Closing, each party the Company shall promptly notify the other party Investor of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party the Company contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party the Company contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action or proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, and (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 shall not limit or affect any rights of or remedies available to such partythe Investor; provided, further, that, with respect to subsection (c) that a failure to comply with this Section 5.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied.
Appears in 3 contracts
Samples: Exchange Agreement (Heritage Commerce Corp), Exchange Agreement (Heritage Commerce Corp), Exchange Agreement (Heritage Commerce Corp)
Certain Notifications Until Closing. From the date hereof until the Closing, each party the Company shall promptly notify the other party Investor of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party the Company contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party the Company contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action Action or proceeding Proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, and (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 5.2 shall not limit or affect any rights of or remedies available to such partythe Investor; provided, further, that, with respect to subsection (c) that a failure to comply with this Section 5.4 5.2 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied.
Appears in 2 contracts
Samples: Exchange Agreement (Pathfinder Bancorp, Inc.), Exchange Agreement (Castle Creek Capital Partners VII, LP)
Certain Notifications Until Closing. From the date hereof until the Closing, each party shall promptly notify the other party of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action or proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 shall not limit or affect any rights of or remedies available to such party; provided, further, that, with respect to subsection (c) a failure to comply with this Section 5.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied.. ARTICLE VI
Appears in 1 contract
Samples: Exchange Agreement (WashingtonFirst Bankshares, Inc.)
Certain Notifications Until Closing. From the date hereof until the Closing, each party the Company shall promptly notify the other party Investor of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party the Company contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party the Company contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action or proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, and (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 shall not limit or affect any rights of or remedies available to such partythe Investor; provided, further, that, with respect to subsection (c) that a failure to comply with this Section 5.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied.
Appears in 1 contract
Certain Notifications Until Closing. From the date hereof until the Closing, each party shall promptly notify the other party of (a) any fact, event or circumstance of which it is aware and which would reasonably be likely to cause any representation or warranty of such party contained in this Agreement to be untrue or inaccurate in any material respect or to cause any covenant or agreement of such party contained in this Agreement not to be complied with or satisfied in any material respect, (b) any action or proceeding pending or, to the knowledge of such party, threatened against such party that questions or might question the validity of this Agreement or seeks to enjoin or otherwise restrain the transactions contemplated hereby, and, and (c) with respect to the Company, any fact, circumstance, event, change, occurrence, condition or development of which the Company is aware and which, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect; provided, however, that delivery of any notice pursuant to this Section 5.4 shall not limit or affect any rights of or remedies available to such party; provided, further, further that, with respect to subsection (c) ), a failure to comply with this Section 5.4 shall not constitute a breach of this Agreement or the failure of any condition set forth in Section 1.1 to be satisfied unless the underlying Company Material Adverse Effect, action, proceeding or material breach would independently result in the failure of a condition set forth in Section 1.1 to be satisfied..
Appears in 1 contract