Covenants of Charter. Charter will use commercially reasonable efforts to (a) carry on its business, including the business of CharterBank, only in the Ordinary Course of Business and consistent with prudent banking practice and in compliance in all material respects with all applicable Laws (b) preserve its business organizations and assets intact, (c) keep available to itself and CenterState the present services of the current officers and employees of Charter and CharterBank, and (d) preserve for itself and CenterState the goodwill of its customers, key employees, lessors and others with whom business relationships exist. During the period from the date of this Agreement and continuing until the Effective Time, except (i) as expressly contemplated or permitted by this Agreement (including as set forth in Charter Disclosure Schedule Section 5.01), (ii) with the prior written consent of CenterState, which consent shall not be unreasonably withheld, conditioned or delayed (provided, however, with respect to Section 5.01(q)(i), Section 5.01(r), and Section 5.01(s), if CenterState shall not have disapproved of Charter’s request in writing within two (2) Business Days of receipt of such written request from Charter, then such request shall be deemed to be approved by CenterState), or (iii) required by Law, Charter shall not and shall not permit CharterBank to:
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (CenterState Bank Corp), Agreement and Plan of Merger (Charter Financial Corp)
