Common use of Current Information Clause in Contracts

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn Subsidiary, as applicable. Without limiting the foregoing, executive officers of Mid Penn and William Penn shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Subsidiaries, in accordance with applicable law, and William Penn shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn or any William Penn Subsidiary prior to the Effective Time; provided, however, neither Mid Penn nor William Penn shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Bank shall provide Mid Penn Bank, within fifteen (15) Business Days after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of Mid Penn and William Penn shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn First Priority Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn First Priority Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn and William Penn First Priority shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn First Priority and the William Penn First Priority Subsidiaries and of Mid Penn and the Mid Penn Subsidiaries, in accordance with applicable law, and William Penn First Priority shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn First Priority or any William Penn First Priority Subsidiary prior to the Effective Time; provided, however, neither Mid Penn nor William Penn First Priority shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn First Priority Bank shall provide Mid Penn Bank, within fifteen ten (1510) Business Days business days after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn First Priority Bank shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of Mid Penn and William Penn First Priority shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn First Priority Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn Riverview Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn Riverview Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn and William Penn Riverview shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Riverview and the William Penn Riverview Subsidiaries and of Mid Penn and the Mid Penn Subsidiaries, in accordance with applicable law, and William Penn Riverview shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Riverview or any William Penn Riverview Subsidiary prior to the Effective Time; provided, however, neither Mid Penn nor William Penn Riverview shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Riverview Bank shall provide Mid Penn Bank, within fifteen (15) Business Days business days after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Riverview Bank shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of Mid Penn and William Penn Riverview shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Riverview Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party FNBPA will cause one or more of its representatives to confer with representatives of the other party Juniata and report the general status of its ongoing operations at such times as the other party Juniata may reasonably request. Each party FNBPA will promptly notify the other party Juniata of any material change in the normal course of its business or in the operation of the its and FNBPA Subsidiaries’ properties of such party or the Mid Penn Subsidiaries or William Penn Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party FNBPA or any Mid Penn Subsidiary or William Penn FNBPA Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn Juniata and William Penn shall confer at the reasonable request of the other, and FNBPA shall meet on a reasonably regular basis, basis (expected to be at least monthly) to review the financial and operational affairs of William Penn FNBPA and the William Penn Subsidiaries and of Mid Penn and the Mid Penn FNBPA Subsidiaries, in accordance with applicable law, and William Penn shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn or any William Penn Subsidiary prior to the Effective Time; provided. Provided, however, neither Mid Penn nor William Penn FNBPA shall not be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing partyFNBPA’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party FNBPA of the privilege protecting communications between such disclosing party FNBPA and any of its legal counsel. (b) William Penn Bank FNB Port Allegany and JVB shall meet on a regular basis to discuss and plan for the conversion of FNB Port Allegany’s data processing and related electronic informational systems to those used by JVB, which planning shall include, but not be limited to, discussion of the possible termination of third-party service provider arrangements effective at the Effective Time or at a date thereafter, non-renewal of personal property leases and software licenses used in connection with its systems operations, retention of outside consultants and additional employees to assist with the conversion, and outsourcing, as appropriate, of proprietary or self-provided system services, it being understood that neither party shall be obligated to take any such actions prior to the Effective Time and, unless the parties otherwise agree, no conversion shall take place prior to the Effective Time. (c) FNB Port Allegany shall provide Mid Penn BankJVB, within fifteen ten (1510) Business Days business days after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank FNBPA shall provide Mid Penn Bank JVB with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (cd) Each of Mid Penn and William Penn FNBPA shall promptly inform the other Juniata upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party FNBPA or any William Penn FNBPA Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Univest Subsidiaries or William Penn the Fox Chase Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Univest Subsidiary or William Penn Fox Chase Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn Univest and William Penn Fox Chase shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Fox Chase and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Fox Chase Subsidiaries, in accordance with applicable law, and William Penn Fox Chase shall give due consideration to Mid PennUnivest’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn Univest nor any Mid Penn Univest Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Fox Chase or any William Penn Fox Chase Subsidiary prior to the Effective Time; provided, however, that neither Mid Penn Univest nor William Penn Fox Chase shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Fox Chase Bank shall provide Mid Penn Univest Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Fox Chase shall provide Mid Penn Univest Bank with a schedule of all commercial loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. To the extent requested by Univest, Fox Chase and Fox Chase Bank shall each provide Univest copies of minutes of meetings of the board of directors and the committees thereof. (c) Each of Mid Penn and William Penn shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn the Phoenix Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn Phoenix Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn and William Penn Phoenix shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Phoenix and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Phoenix Subsidiaries, in accordance with applicable law, and William Penn Phoenix shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Phoenix or any William Penn Phoenix Subsidiary prior to the Effective Time; provided. Provided, however, neither Mid Penn nor William Penn Phoenix shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Miners Bank shall provide Mid Penn Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Phoenix shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. To the extent requested by Mid Penn, Phoenix and Miners Bank shall each provide Mid Penn copies of minutes of meetings of the Board of Directors and the committees thereof. (c) Each of Mid Penn and William Penn Phoenix shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Phoenix Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Univest Subsidiaries or William Penn the Valley Green Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Univest Subsidiary or William Penn Valley Green Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn Univest and William Penn Valley Green shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Valley Green and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Valley Green Subsidiaries, in accordance with applicable law, and William Penn Valley Green shall give due consideration to Mid PennUnivest’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn Univest nor any Mid Penn Univest Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Valley Green or any William Penn Valley Green Subsidiary prior to the Effective Time; provided, however, neither Mid Penn Univest nor William Penn Valley Green shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Bank Valley Green shall provide Mid Penn Univest Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Valley Green shall provide Mid Penn Univest Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. To the extent requested by Univest, Valley Green shall provide Univest copies of minutes of meetings of the Board of Directors and the committees thereof. (c) Each of Mid Penn Univest and William Penn Valley Green shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Valley Green Subsidiary or any Mid Penn Univest Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Univest Subsidiaries or William Penn the Fox Chase Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Univest Subsidiary or William Penn Fox Chase Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn Univest and William Penn Fox Chase shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Fox Chase and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Fox Chase Subsidiaries, in accordance with applicable law, and William Penn Fox Chase shall give due consideration to Mid PennUnivest’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn Univest nor any Mid Penn Univest Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Fox Chase or any William Penn Fox Chase Subsidiary prior to the Effective Time; provided, however, that neither Mid Penn Univest nor William Penn Fox Chase shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Fox Chase Bank shall provide Mid Penn Univest Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Fox Chase shall provide Mid Penn Univest Bank with a schedule of all commercial loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. To the extent requested by Univest, Fox Chase and Fox Chase Bank shall each provide Univest copies of minutes of meetings of the board of directors and the committees thereof. (c) Each of Mid Penn Univest and William Penn Fox Chase shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Fox Chase Subsidiary or any Mid Penn Univest Subsidiary, as applicable, under any labor or employment law. (d) Univest and Fox Chase shall meet on a regular basis to discuss and plan for the conversion of Fox Chase’s data processing and related electronic informational systems to those used by Univest Bank, which planning shall include, but not be limited to: discussion of the possible termination by Fox Chase of third-party service provider arrangements effective at the Effective Time or at a date thereafter; non-renewal of personal property leases and software licenses used by Fox Chase in connection with its systems operations; retention of outside consultants and additional employees to assist with the conversion and outsourcing, as appropriate, of proprietary or self-provided system services, it being understood that Fox Chase shall not be obligated to take any such action prior to the Effective Time. If Fox Chase takes, at the request of Univest Bank, any action relative to third parties to facilitate the conversion that results in the imposition of any termination fees or charges, Univest Bank shall pay any such fees and charges directly to such third parties, and shall indemnify Fox Chase for the costs of reversing the conversion process, if for any reason the Merger is not consummated for any reason other than a breach of this Agreement by Fox Chase.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn and William Penn Scottdale shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn and the William Penn Subsidiaries Scottdale and of Mid Penn and the Mid Penn Subsidiaries, in accordance with applicable law, and William Penn Scottdale shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn or any William Penn Subsidiary Scottdale prior to the Effective Time; provided, however, neither Mid Penn nor William Penn Scottdale shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Bank Scottdale shall provide Mid Penn Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Scottdale shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of . To the extent requested by Mid Penn, Scottdale shall provide Mid Penn copies of minutes of meetings of the Board of Directors and William Penn shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment lawcommittees thereof.

Current Information. (a) 6.3.1 During the period from the date of this Agreement to the Effective Time, each party FedFirst will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing CB to inform CB regarding FedFirst’s operations at such times as the other party CB may reasonably request. Each party FedFirst will promptly notify the other party CB of any material change in the normal ordinary course of its business or in the operation of the its properties of such party or the Mid Penn Subsidiaries or William Penn Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party FedFirst or any Mid Penn Subsidiary or William Penn FedFirst Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn CB and William Penn shall confer at the reasonable request of the other, and FedFirst shall meet on a reasonably regular basismonthly to review, to review the extent permitted by applicable law, the financial and operational affairs of William Penn FedFirst and the William Penn Subsidiaries and of Mid Penn and the Mid Penn FedFirst Subsidiaries, in accordance with applicable law, and William Penn FedFirst shall give due consideration to Mid PennCB’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn CB nor any Mid Penn Subsidiary shall, Community Bank shall under any circumstance, circumstance be permitted to exercise control of William Penn FedFirst or any William Penn FedFirst Subsidiary prior to the Effective Time; provided. 6.3.2 FedFirst and CB shall cooperate regarding a plan for the conversion of data processing and related electronic informational systems of FedFirst to those used by CB, howeverwhich planning shall include, neither Mid Penn nor William Penn but not be limited to, discussion of the possible termination by FedFirst of third-party service provider arrangements effective at the Effective Time or at a date thereafter, non-renewal of personal property leases and software licenses used by FedFirst in connection with its systems operations, retention of outside consultants and additional employees to assist with the conversion, and outsourcing, as appropriate, of proprietary or self-provided system services, it being understood that FedFirst shall not be required obligated to take any such action that would provide access prior to or disclose information where such access or disclosure wouldthe Effective Time and, in such disclosing party’s unless FedFirst otherwise agrees and provided it is permitted by applicable law, no conversion shall take place prior to the Effective Time. CB and Community Bank shall indemnify FedFirst for any reasonable judgmentout-of-pocket fees, violate or prejudice the rights, business interestsexpenses, or confidences charges that FedFirst or any FedFirst Subsidiary may incur as a result of taking, at the request of CB or any customer or other person or would result in CB Subsidiary, any action to facilitate the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counselconversion. (b) William Penn Bank 6.3.3 FedFirst shall provide Mid Penn BankCB, within fifteen (15) Business Days after of the end of each calendar month, a written list of Nonperforming Assetsnonperforming assets (the term “nonperforming assets,” for purposes of this subsection, its asset quality report means (i) loans that are “troubled debt restructuring” as defined in Accounting Standards Codification 310-40, (ii) loans on nonaccrual, (iii) real estate owned, (iv) all loans ninety (90) days or more past due as of the end of such month and a written list of its investment security purchases during the calendar month then ended(v) and impaired loans. On a monthly basis, William Penn Bank FedFirst shall provide Mid Penn Bank CB with a schedule of all (x) loan grading changes and (y) loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of Mid Penn and William Penn shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.the

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Penns Xxxxx Subsidiaries or William Penn the Luzerne Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Penns Xxxxx Subsidiary or William Penn Luzerne Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn Penns Xxxxx and William Penn Luzerne shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Luzerne and the William Penn Subsidiaries and of Mid Penn and the Mid Penn Luzerne Subsidiaries, in accordance with applicable law, and William Penn Luzerne shall give due consideration to Mid Penn’s Penns Xxxxx’ input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn Penns Xxxxx nor any Mid Penn Penns Xxxxx Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Luzerne or any William Penn Luzerne Subsidiary prior to the Effective Time; provided. Provided, however, neither Mid Penn Penns Xxxxx nor William Penn Luzerne shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel. (b) William Penn Luzerne Bank shall provide Mid Penn JSS Bank, within fifteen (15) Business Days a reasonable period of time after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Bank Luzerne shall provide Mid Penn JSS Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. To the extent requested by Penns Xxxxx, Luzerne and Luzerne Bank shall each provide Penns Xxxxx copies of minutes of meetings of the Board of Directors and the committees thereof. (c) Each of Mid Penn Penns Xxxxx and William Penn Luzerne shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Luzerne Subsidiary or any Mid Penn Penns Xxxxx Subsidiary, as applicable, under any labor or employment law.

Current Information. (a) During the period from the date of this Agreement to the Effective Time, each party will cause one or more of its representatives to confer with representatives of the other party and report the general status of its ongoing operations at such times as the other party may reasonably request. Each party will promptly notify the other party of any material change in the normal course of its business or in the operation of the properties of such party or the Mid Penn Subsidiaries or William Penn Brunswick Subsidiaries, as applicable, and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving such party or any Mid Penn Subsidiary or William Penn Brunswick Subsidiary, as applicable. Without limiting the foregoing, executive senior officers of Mid Penn and William Penn Brunswick shall confer at the reasonable request of the other, and shall meet on a reasonably regular basis, to review the financial and operational affairs of William Penn Brunswick and the William Penn Brunswick Subsidiaries and of Mid Penn and the Mid Penn Subsidiaries, in accordance with applicable law, and William Penn Brunswick shall give due consideration to Mid Penn’s input on such matters, with the understanding that, notwithstanding any other provision contained in this Agreement, neither Mid Penn nor any Mid Penn Subsidiary shall, under any circumstance, be permitted to exercise control of William Penn Brunswick or any William Penn Brunswick Subsidiary prior to the Effective Time; , provided, however, neither Mid Penn nor William Penn Brunswick shall be required to take any action that would provide access to or disclose information where such access or disclosure would, in such disclosing party’s reasonable judgment, violate or prejudice the rights, business interests, or confidences of any customer or other person or would result in the waiver by such disclosing party of the privilege protecting communications between such disclosing party and any of its legal counsel, or violate any regulatory confidentiality requirements. (b) William Penn Brunswick Bank shall provide Mid Penn Bank, within fifteen (15) Business Days business days after the end of each calendar month, a written list of Nonperforming Assets, its asset quality report and a written list of its investment security purchases during the calendar month then ended. On a monthly basis, William Penn Brunswick Bank shall provide Mid Penn Bank with a schedule of all loan approvals, which schedule shall indicate the loan amount, loan type and other material features of the loan. (c) Each of Mid Penn and William Penn Brunswick shall promptly inform the other upon receiving notice of any legal, administrative, arbitration or other proceedings, demands, notices, audits or investigations (by any federal, state or local commission, agency or board) relating to the alleged liability of such party or any William Penn Brunswick Subsidiary or any Mid Penn Subsidiary, as applicable, under any labor or employment law.