COVENANTS OF CITIZENS. Citizens covenants and agrees with First Merchants and covenants and agrees to cause the Subsidiaries to act, as follows:
COVENANTS OF CITIZENS. (A) During the period from the date of this Agreement to the Effective Time, except with the written consent of MidCoast, which consent will not be unreasonably withheld, conditioned or delayed, Citizens will, and it will cause each Citizens Subsidiary to: operate its business only in the usual, regular and ordinary course of business; use reasonable best efforts to preserve intact its business organization and assets and maintain its rights and franchises; and voluntarily take no action which would (i) change or waive any provision of its articles of incorporation or bylaws in any way adverse to the rights of MidCoast shareholders, except as required by law; (ii) materially adversely affect the ability of the parties to obtain the Regulatory Approvals or materially increase the period of time necessary to obtain such approvals or consummate the Merger; (iii) materially adversely affect its ability to perform its covenants and agreements under this Agreement; (iv) result in the representations and warranties contained in Article V of this Agreement not being true and correct on the date of this Agreement or at any future date on or before the Closing Date or in any of the conditions set forth in Article IX hereof not being satisfied; or (v) prevent or impede, or be reasonably likely to prevent or impede, the Merger from qualifying as a reorganization within the meaning of Code Section 368(a).
COVENANTS OF CITIZENS. 7.1 Conduct of Business.
COVENANTS OF CITIZENS. Until the Effective Time, except as expressly contemplated or permitted by this Agreement, or with the prior written consent of the Bank, Citizens shall carry on its business in the usual, regular and ordinary course consistent with prudent banking practice, and use all reasonable efforts to preserve its business organization and relationships, and shall not:
COVENANTS OF CITIZENS. Citizens covenants and agrees with Chaswil that, at all times before the Closing, Citizens will comply with all covenants and provisions of this ARTICLE 6, except to the extent Chaswil may otherwise consent in writing or to the extent otherwise required or permitted by this Agreement.
