Common use of Change in Method of Effecting Acquisition Clause in Contracts

Change in Method of Effecting Acquisition. Premier may at any time prior to the Effective Time change the method of effecting the combination with Xxxxx (including, without limitation, the provisions of this Section 1 if and to the extent it deems such change to be necessary, appropriate or desirable; however, that no such change shall (i) alter or change the amount or kind of Merger Consideration (as hereinafter defined), (ii) adversely affect the tax treatment of Xxxxx’ stockholders as a result of receiving the Merger Consideration or (iii) materially impede or delay consummation of the transactions contemplated by this Agreement; and provided further, that Premier shall provide Xxxxx prior written notice of such change and the reasons therefore. Exhibit 2.1 - Continued

Appears in 2 contracts

Samples: Agreement of Merger (Abigail Adams National Bancorp Inc), Agreement of Merger (Premier Financial Bancorp Inc)

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Change in Method of Effecting Acquisition. Premier may at any time prior to the Effective Time change the method of effecting the combination with Xxxxx Interim Company (including, without limitation, the provisions of this Section 1 if and to the extent it deems such change to be necessary, appropriate or desirable; however, that no such change shall (i) alter or change the amount or kind of Merger Consideration (as hereinafter defined), (ii) adversely affect the tax treatment of Xxxxx’ First National’s stockholders as a result of receiving the Merger Consideration or (iii) materially impede or delay consummation of the transactions contemplated by this Agreement; and provided further, that Premier shall provide Xxxxx First National prior written notice of such change and the reasons therefore. Exhibit 2.1 - Continued2.1

Appears in 1 contract

Samples: Agreement of Merger (Premier Financial Bancorp Inc)

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Change in Method of Effecting Acquisition. Premier may at any time prior to the Effective Time change the method of effecting the combination with Xxxxx First Bank (including, without limitation, the provisions of this Section 1 1) if and to the extent it deems such change to be necessary, appropriate or desirable; however, that no such change shall (i) alter or change the amount or kind of Merger Consideration (as hereinafter defined), (ii) adversely affect the tax treatment of Xxxxx’ stockholders First Bank’s shareholders as a result of receiving the Merger Consideration or (iii) materially impede or delay consummation of the transactions contemplated by this Agreement; and provided further, that Premier shall provide Xxxxx First Bank prior written notice of such change and the reasons therefore. Exhibit 2.1 - Continued.

Appears in 1 contract

Samples: Agreement of Merger (Premier Financial Bancorp Inc)

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