CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SUMMIT. The obligation of Summit to consummate the Reorganization is subject to the simultaneous satisfaction of all of the following conditions, compliance with which or the occurrence of which may be waived in whole or in part by Summit in writing in accordance with Section 10.09:
Appears in 4 contracts
Samples: Reorganization Agreement (Summit Bancorp/Nj/), Merger Agreement (Prime Bancorp Inc /Pa), Merger Agreement (Summit Bancorp/Nj/)