Common use of Conduct of Business - Affirmative Covenants of Premier Clause in Contracts

Conduct of Business - Affirmative Covenants of Premier. Premier covenants and agrees that: (a) Subsequent to the date of this Agreement and prior to the Effective Time, Premier and the Premier Subsidiaries will operate their respective businesses only in the normal course and manner; (b) Immediately upon the execution of this Agreement, Premier will direct its accountants to give First National access to all information, documents and working papers pertaining to Premier; (c) From and after the execution of this Agreement, Premier will promptly advise First National of any material adverse change in its or any Premier Subsidiary’s respective financial conditions, assets, business operations or key personnel and of any material breach of any representation or warranty made by Premier in this Agreement; (d) Subsequent to the date of this Agreement and prior to the Effective Time Premier shall maintain in full force and effect adequate fire, casualty, public liability, employee fidelity and other insurance coverage in effect on the date of this Agreement in order to protect Premier against losses for which insurance protection can reasonably be obtained; and (e) Premier will use its best efforts in good faith to take or cause to be taken all actions required under this Agreement on its part to be taken as promptly as practicable so as to permit the consummation of the Merger, the Bank Merger and the transactions contemplated hereby at the earliest possible date and cooperate fully with First National to that end.

Conduct of Business - Affirmative Covenants of Premier. Premier covenants and agrees that: (a) Subsequent to the date of this Agreement and prior to the Effective Time, Premier and the Premier Subsidiaries State Banks will operate their respective businesses only in the normal course and manner; (b) Immediately upon the execution of this Agreement, Premier will direct its accountants to give First National Bank access to all information, documents and working papers pertaining to Premier; (c) From and after the execution of this Agreement, Premier will promptly advise First National Bank of any material adverse change in its or any Premier SubsidiaryState Bank’s respective financial conditions, assets, business operations or key personnel and of any material breach of any representation or warranty made by Premier in this Agreement; (d) Subsequent to the date of this Agreement and prior to the Effective Time Premier shall maintain in full force and effect adequate fire, casualty, public liability, employee fidelity and other insurance coverage in effect on the date of this Agreement in order to protect Premier against losses for which insurance protection can reasonably be obtained; and (e) Premier will use its best efforts in good faith to take or cause to be taken all actions required under this Agreement on its part to be taken as promptly as practicable so as to permit the consummation of the Merger, the Bank Merger and the transactions contemplated hereby at the earliest possible date and cooperate fully with First National Bank to that end.

Conduct of Business - Affirmative Covenants of Premier. Premier covenants and agrees that: (a) Subsequent to the date of this Agreement and prior to the Effective Time, Premier and the Premier Subsidiaries will operate their respective businesses only in the normal course and manner;. (b) Immediately upon the execution of this Agreement, Premier will direct its accountants to give First National Traders access to all information, documents and working papers pertaining to Premier; (c) From and after the execution of this Agreement, Premier will promptly advise First National Traders of any material adverse change in its or any Premier Subsidiary’s respective financial conditions, assets, business operations or key personnel and of any material breach of any representation or warranty made by Premier in this Agreement; (d) Subsequent to the date of this Agreement and prior to the Effective Time Premier shall maintain in full force and effect adequate fire, casualty, public liability, employee fidelity and other insurance coverage in effect on the date of this Agreement in order to protect Premier against losses for which insurance protection can reasonably be obtained; and; (e) Premier will use its best efforts in good faith to take or cause to be taken all actions required under this Agreement on its part to be taken as promptly as practicable so as to permit the consummation of the Merger, the Bank Merger and the transactions contemplated hereby at the earliest possible date and cooperate fully with First National Traders to that end.

Conduct of Business - Affirmative Covenants of Premier. Premier covenants and agrees that: (a) Subsequent to the date of this Agreement and prior to the Effective Time, Premier and the Premier Subsidiaries will operate their respective businesses only in the normal course and manner;. (b) Immediately upon the execution of this Agreement, Premier will direct its accountants to give First National Bank access to all information, documents and working papers pertaining to Premier; (c) From and after the execution of this Agreement, Premier will promptly advise First National Bank of any material adverse change in its or any Premier Subsidiary’s 's respective financial conditions, assets, business operations or key personnel and of any material breach of any representation or warranty made by Premier in this Agreement; (d) Subsequent to the date of this Agreement and prior to the Effective Time Premier shall maintain in full force and effect adequate fire, casualty, public liability, employee fidelity and other insurance coverage in effect on the date of this Agreement in order to protect Premier against losses for which insurance protection can reasonably be obtained; and; (e) Premier will use its best efforts in good faith to take or cause to be taken all actions required under this Agreement on its part to be taken as promptly as practicable so as to permit the consummation of the Merger, the Bank Merger and the transactions contemplated hereby at the earliest possible date and cooperate fully with First National Bank to that end.