Common use of Conditions to Performance Not Met Clause in Contracts

Conditions to Performance Not Met. By either American or HomeTown (provided that the terminating party is not then in breach of any representation or warranty contained in this Agreement under the applicable standard set forth in Section 3.2 or in breach of any covenant or agreement contained in this Agreement) in the event that any of the conditions precedent to the obligations of such party to consummate the Merger set forth in Section 6.2(a), Section 6.2(b), Section 6.3(a) or Section 6.3(b), as applicable, cannot be satisfied or fulfilled by the date specified in Section 7.1(b), as the date after which such party may terminate this Agreement;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (HomeTown Bankshares Corp), Agreement and Plan of Reorganization (American National Bankshares Inc.)

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Conditions to Performance Not Met. By either American or HomeTown MainStreet (provided that the terminating party is not then in breach of any representation or warranty contained in this Agreement under the applicable standard set forth in Section 3.2 or in breach of any covenant or agreement contained in this Agreement) in the event that any of the conditions precedent to the obligations of such party to consummate the Merger set forth in Section 6.2(a), Section 6.2(b), Section 6.3(a) 6.2 or Section 6.3(b)6.3, as applicable, cannot be satisfied or fulfilled by the date specified in Section 7.1(b), as the date after which such party may terminate this Agreement;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (American National Bankshares Inc.), Agreement and Plan of Reorganization (Mainstreet Bankshares Inc)

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Conditions to Performance Not Met. By either American CFNL or HomeTown UFBC (provided that the terminating party is not then in breach of any representation or warranty contained in this Agreement under the applicable standard set forth in Section 3.2 or in breach of any covenant or agreement contained in this Agreement) in the event that any of the conditions precedent to the obligations of such party to consummate the Merger set forth in Section 6.2(a), Section 6.2(b), Section 6.3(a) 6.2 or Section 6.3(b)6.3, as applicable, cannot be satisfied or fulfilled by the date specified in Section 7.1(b), as the date after which such party may terminate this Agreement;

Appears in 1 contract

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

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