Common use of Closing Delay Clause in Contracts

Closing Delay. By either BRBS or FVCB, evidenced by written notice, if the Merger has not been consummated by June 30, 2022 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Blue Ridge Bankshares, Inc.), Agreement and Plan of Reorganization (FVCBankcorp, Inc.)

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Closing Delay. By either BRBS or FVCBparty, evidenced by written notice, if the Merger has not been consummated by June 30, 2022 2008, or such later date as shall have been agreed to in writing by the parties, provided that if the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of consummate the Merger to occur on or before such date;date is not caused by any breach of this Agreement by the party electing to terminate pursuant to this Section 7.1(b).

Appears in 1 contract

Samples: Merger Agreement (FNB Corp \Va\)

Closing Delay. By either BRBS or FVCBBAYK, evidenced by written notice, if the Merger has not been consummated by June 30July 31, 2022 2021 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Blue Ridge Bankshares, Inc.)

Closing Delay. By either BRBS VABK or FVCBFBSS, evidenced by written notice, if the Merger has not been consummated by June September 30, 2022 2021 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 1 contract

Samples: Merger Agreement (Virginia National Bankshares Corp)

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Closing Delay. By either BRBS CFNL or FVCBUFBC, evidenced by written notice, if the Merger has not been consummated by June 30, 2022 2014 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in caused the failure of the Merger to occur on or before such date;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cardinal Financial Corp)

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