Common use of Enforceability of Covenants Clause in Contracts

Enforceability of Covenants. Director and Buyer agree that Director’s obligations under these nondisclosure covenants are separate and distinct from other provisions of this Agreement, and a failure or alleged failure of Seller and Buyer to perform their obligations under any provision of this Agreement or other agreements with Director shall not constitute a defense to, or waiver of the enforceability of, these nondisclosure covenants. Nothing in this provision or this Agreement shall limit any rights or remedies otherwise available to Seller, Buyer, or any Affiliated Company under federal, state or local law.

Appears in 3 contracts

Samples: Merger Agreement (Carolina Financial Corp), Merger Agreement (Congaree Bancshares Inc), Merger Agreement (First Community Corp /Sc/)

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Enforceability of Covenants. Director Director, Buyer, and Buyer Seller agree that Director’s obligations under these nondisclosure covenants are separate and distinct from other provisions of this Agreement, and a failure or alleged failure of Seller and Buyer to perform their obligations under any provision of this Agreement or other agreements with Director shall not constitute a defense to, or waiver of the enforceability of, of these nondisclosure covenants. Nothing in this provision or this Agreement shall limit any rights or remedies otherwise available to Seller, Buyer, Buyer or any Affiliated Company under federal, state or local law.

Appears in 2 contracts

Samples: Merger Agreement (SCBT Financial Corp), Merger Agreement (TSB Financial CORP)

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Enforceability of Covenants. Director and Buyer agree that Director’s obligations under these nondisclosure covenants are separate and distinct from other provisions of this Agreement, and a failure or alleged failure of Seller and Buyer to perform their obligations under any provision of this Agreement or other agreements with Director shall not constitute a defense to, or waiver of the enforceability of, these nondisclosure covenants. Nothing in this provision or this Agreement shall limit any rights or remedies otherwise available to Seller, Buyer, Buyer or any Affiliated Company under federal, state or local law.

Appears in 1 contract

Samples: Merger Agreement (First National Bancshares Inc /Sc/)

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