Common use of Conforming Entries Clause in Contracts

Conforming Entries. (a) Notwithstanding that Seller believes that Seller and Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this Agreement, Seller and Buyers shall consult and cooperate with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of Buyers, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Mercantile Bancorporation Inc), Agreement and Plan of Merger (Mercantile Bancorporation Inc), Agreement and Plan (Mercantile Bancorporation Inc)

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Conforming Entries. (a) Notwithstanding that Seller believes that Seller and Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this AgreementAgreement to the Effective Time, Seller and Buyers shall consult and cooperate with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of Buyers, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Mercantile Bancorporation Inc), Agreement and Plan of Merger (Mercantile Bancorporation Inc)

Conforming Entries. (a) Notwithstanding that Seller believes that ------------------ Seller and the Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers Buyer may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From Subject to applicable laws, regulations and the requirements of Regulatory Authorities, from and after the date of this AgreementAgreement to the Effective Time, Seller and Buyers Buyer shall consult and cooperate with each other with respect to conforming the loan, loan accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of BuyersBuyer, as specified in each case in writing to Seller, based upon such consultation and as hereinafter herein after provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bay View Capital Corp), Agreement and Plan of Merger (America First Financial Fund 1987-a Limited Partnership)

Conforming Entries. (a) Notwithstanding that Seller believes that Seller and Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers Mercantile may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this AgreementAgreement to the Effective Time, Seller and Buyers Mercantile shall consult and cooperate in good faith with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of BuyersMercantile, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 1 contract

Samples: Agreement and Plan (Mercantile Bancorporation Inc)

Conforming Entries. (a) Notwithstanding that Seller believes that Seller and the Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers Buyer may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this AgreementAgreement to the Effective Time, Seller and Buyers Buyer shall consult and cooperate with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of BuyersBuyer, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Mercantile Bancorporation Inc)

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Conforming Entries. (a) Notwithstanding that Seller believes that Seller and the Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP and applicable laws, rules and regulations, Seller recognizes that Buyers Buyer may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this Agreement, Seller and Buyers Buyer shall consult and cooperate with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of BuyersBuyer, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Great Financial Corp)

Conforming Entries. (a) Notwithstanding that Seller believes that Seller and Seller Subsidiaries have established all reserves and taken all provisions for possible loan losses required by GAAP generally accepted accounting principles and applicable laws, rules and regulations, Seller recognizes that Buyers Buyer may have adopted different loan, accrual and reserve policies (including loan classifications and levels of reserves for possible loan losses). From and after the date of this AgreementAgreement to the Effective Time, Seller and Buyers Buyer shall consult and cooperate with each other with respect to conforming the loan, accrual and reserve policies of Seller and the Seller Subsidiaries to those policies of BuyersBuyer, as specified in each case in writing to Seller, based upon such consultation and as hereinafter provided.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allegiant Bancorp Inc)

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