Conduct of Innes Street's Business. (a) From the date of this Agreement to the Closing Date, Innes Street and Citizens Bank each will conduct its business and engage in transactions, including extensions of credit, only in the ordinary course and consistent with past practice and policies, except as otherwise required or contemplated by this Agreement or with the written consent of Xxxxxx Bancorp. Innes Street and Citizens Bank will use their reasonable good faith efforts, to (i) preserve their business organizations intact, (ii) maintain good relationships with employees, and (iii) preserve for themselves the goodwill of their customers and others with whom business relationships exist. From the date hereof to the Closing Date, except as otherwise consented to or approved by Xxxxxx Bancorp in writing (which approval will not be unreasonably delayed or withheld) or as contemplated or required by this Agreement, Innes Street will not, and Innes Street will not permit Citizens Bank to:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Innes Street Financial Corp), Agreement and Plan of Merger (Innes Street Financial Corp)
Conduct of Innes Street's Business. (a) From the date of this Agreement to the Closing Date, Innes Street and Citizens Bank each will conduct its business and engage in transactions, including extensions of credit, only in the ordinary course and consistent with past practice and policies, except as otherwise required or contemplated by this Agreement or with the written consent of Xxxxxx Bancorp. Innes Street and Citizens Bank will use their reasonable good faith efforts, to (i) preserve their business organizations intact, (ii) maintain good relationships with employees, and (iii) preserve for themselves the goodwill of their customers and others with whom business relationships exist. From the date hereof to the Closing Date, except as otherwise consented to or approved by Xxxxxx Bancorp in writing (which approval will not be unreasonably delayed or withheld) or as A-29 contemplated or required by this Agreement, Innes Street will not, and Innes Street will not permit Citizens Bank to:
Appears in 1 contract
Samples: Agreement and Plan of Merger (Innes Street Financial Corp)
Conduct of Innes Street's Business. (a) From the date of this Agreement to the Closing Date, Innes Street and Citizens Bank each will conduct its business and engage in transactions, including extensions of credit, only in the ordinary course and consistent with past practice and policies, except as otherwise required or contemplated by this Agreement or with the written consent of Xxxxxx Gxxxxx Bancorp. Innes Street and Citizens Bank will use their reasonable good faith efforts, to (i) preserve their business organizations intact, (ii) maintain good relationships with employees, and (iii) preserve for themselves the goodwill of their customers and others with whom business relationships exist. From the date hereof to the Closing Date, except as otherwise consented to or approved by Xxxxxx Gxxxxx Bancorp in writing (which approval will not be unreasonably delayed or withheld) or as contemplated or required by this Agreement, Innes Street will not, and Innes Street will not permit Citizens Bank to:
Appears in 1 contract
Samples: Agreement and Plan of Merger (Gaston Federal Bancorp Inc)