Events Preceding Effectiveness. On or before the Effective Date, the following shall have occurred:
Events Preceding Effectiveness. Shore Bancshares and the Shore Subsidiaries will use commercially reasonable efforts to assure that each of the events specified in Section 2 which require action on its part shall occur on or before the Effective Date.
Events Preceding Effectiveness. Talbot Bancshares and the Talbot Subsidiaries will use commercially reasonable efforts to assure that each of the events specified in Section 2 which require action on its part shall occur on or before the Effective Date.
Events Preceding Effectiveness. 2 3. Representations and Warranties of Suburban Bancshares......................4 3.1. Organization, Standing, and Capitalization of Suburban Bancshares and the Suburban Subsidiaries.....................4 3.2. Financial Statements..................................................5 3.3. Taxes.................................................................5 3.4. No Undisclosed Liabilities............................................6 3.5. Absence of Certain Changes or Events..................................6 3.6. Complete and Accurate Disclosure......................................6 3.7. Title to Properties; Absence of Liens and Encumbrances; Compliance with Laws..................................................7 3.8. Contracts.............................................................7 3.9. Litigation, Etc.......................................................9 3.10.
Events Preceding Effectiveness. Suburban Bancshares and the Suburban Subsidiaries will use commercially reasonable efforts to assure that each of the events specified in Section 2 which require action on its part shall occur on or before the Effective Date.
Events Preceding Effectiveness. This agreement is contingent on Buyers substitution of Traderight's cash in the capital accounts and other pre paid expenses as per per Exhibit "A" upon contract execution and the cash in the capitol accounts per Exhibit "A" and other pre paid expenses as per Exhibit "A" being paid to Gardyn upon signing of the Purchase and Sale agreement. This agreement is subject to Buyers receiving approval, registration and membership by the NASD, SEC, State of Florida, etc. as required by lawfully continue the Broker/Dealer as a going concern. The Buyer of Traderight shall have procured all regulatory approvals, consents, waivers or administrative actions of governmental entities or other persons or agencies that are necessary or appropriate to the consummation of the transactions contemplated by this Agreement, and no approval, consent, waiver or administrative action referred to in this Section shall have included and condition or requirement that would (i) result in a materially adverse effect on Buyers or Sellers or (ii) so materially and adversely affect the economic or business benefits of the purchase that Buyers, in the judgment of Buyers and Seller, would not have entered into this Agreement has such conditions or requirements been known at the date hereof.
