Certain Policies of the Company. At the request of Parent, the Company shall modify and change its loan, litigation and real estate valuation policies and practices (including loan classifications and levels of reserves) after the date on which all required regulatory approvals are received and all shareholder approvals are received and prior to the Effective Time so as to be consistent on a mutually satisfactory basis with those of Parent and generally accepted accounting principles. Neither the Company's representations, warranties and covenants contained in this Plan shall be deemed to be untrue or breached in any respect for any purpose nor shall the Exchange Ratio be modified as a consequence of any modifications or changes undertaken solely on account of this Section 5.2 nor shall the conditions set forth in Section 5.13 of this Plan be deemed to have occurred by virtue thereof.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (F&m Bancorporation Inc), Agreement and Plan of Merger (Citizens Banking Corp), Agreement and Plan of Merger (F&m Bancorporation Inc)
