Correction of Credit Documentation and Compliance Deficiencies. If, during the course of its continuing review of Community's credit files after the date of this Agreement, MFC notifies CNB of situations or circumstances relating to specific Loans or credit files that MFC has identified and that MFC, in its discretion, considers to be deficiencies in Loan documentation or to constitute violations of applicable banking rules or regulations relating to Loans, CNB will cause Community to promptly take all such actions as are necessary or that MFC specifies in order to correct those deficiencies or violations, and each of those deficiencies or violations shall be corrected to MFC's reasonable satisfaction prior to the Effective Time. EXHIBIT 2.2
Correction of Credit Documentation and Compliance Deficiencies. If, during the course of its continuing review of SNB’s credit files after the date of this Agreement, FCB identifies situations or circumstances relating to specific Loans or credit files that FCB reasonably considers to be material deficiencies in Loan documentation or to constitute violations of applicable banking rules or regulations relating to Loans, SNB will cooperate in good faith with FCB to correct, in all material respects, those deficiencies or violations prior to the Effective Time. Article VIII Conditions Precedent to Merger 8.01.
Correction of Credit Documentation and Compliance Deficiencies. If, during the course of its continuing review of Xxxxx'x credit files after the date of this Agreement, MFC notifies Cardinal of situations or circumstances relating to specific Loans or credit files that MFC has identified and that MFC, in its discretion, considers to be deficiencies in Loan documentation or to constitute violations of applicable banking rules or regulations relating to Loans, Cardinal will in good faith reviw such situations and circumstances and, to the extent it concurs, will cause Xxxxx to promptly take all such actions as are necessary or that MFC specifies in order to correct those deficiencies or violations, and each of those deficiencies or violations shall be corrected to MFC's reasonable satisfaction prior to the Effective Time.
Correction of Credit Documentation and Compliance Deficiencies. If, during the course of its continuing review of PCB’s credit files after the date of this Agreement, FCB notifies PCCC of situations or circumstances relating to specific Loans or credit files that FCB has identified and that FCB, in its discretion, considers to be deficiencies in Loan documentation or to constitute violations of applicable banking rules or regulations relating to Loans, PCB promptly will take all commercially reasonable actions as are necessary or that FCB specifies in order to correct, in all material respects, those deficiencies or violations to FCB’s reasonable satisfaction prior to the Effective Time.
Correction of Credit Documentation and Compliance Deficiencies. If, during the course of its continuing review of Xxxxxxxx’x credit files after the date of this Agreement, BOC notifies Xxxxxxxx of situations or circumstances relating to specific loans or credit files that BOC has identified and that BOC, in its discretion, considers to be deficiencies in loan documentation or to constitute violations of applicable banking rules or regulations relating to loans, Xxxxxxxx will in good faith review such situations and circumstances and, to the extent it concurs, will promptly take all such actions as are necessary or that BOC specifies in order to correct those deficiencies or violations, and each of those deficiencies or violations shall be corrected to BOC’s reasonable satisfaction prior to the Effective Time.
