Common use of Failure to Recommend Clause in Contracts

Failure to Recommend. By First Place, if (i) the board of directors of Camco does not recommend in the Proxy Statement that its stockholders adopt this Agreement; (ii) after recommending in the Proxy Statement that stockholders adopt this Agreement, the board of directors of Camco shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of First Place or (iii) Camco fails to call, give proper notice of, convene and hold the Camco Stockholder Meeting. By Camco, if (i) the board of directors of First Place does not recommend in the Proxy Statement that its stockholders adopt this Agreement; (ii) after recommending in the Proxy Statement that stockholders adopt this Agreement, the board of directors of First Place shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of Camco or (iii) First Place fails to call, give proper notice of, convene and hold the First Place Stockholder Meeting.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Place Financial Corp /De/), Agreement and Plan of Merger (Camco Financial Corp)

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Failure to Recommend. By First PlaceBCB, if (i) the board of directors of Camco Pamrapo does not recommend in the Proxy Statement that its stockholders adopt this Agreement; (ii) after recommending in the Proxy Statement that stockholders adopt this Agreement, the board of directors of Camco Pamrapo shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of First Place BCB or (iii) Camco Pamrapo fails to call, give proper notice of, convene and hold the Camco Pamrapo Stockholder Meeting. By CamcoPamrapo, if (i) the board of directors of First Place BCB does not recommend in the Proxy Statement that its stockholders adopt this Agreement; (ii) after recommending in the Proxy Statement that stockholders adopt this Agreement, the board of directors of First Place BCB shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of Camco Pamrapo or (iii) First Place BCB fails to call, give proper notice of, convene and hold the First Place BCB Stockholder Meeting.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (BCB Bancorp Inc), Agreement and Plan of Merger (Pamrapo Bancorp Inc)

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