Common use of Failure to Recommend Clause in Contracts

Failure to Recommend. By BCB, if (i) the board of directors of 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in the Proxy Statement that stockholders adopt this Agreement, the board of directors of Pamrapo shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of BCB or (iii) Pamrapo fails to call, give proper notice of, convene and hold the Pamrapo Stockholder Meeting. By Pamrapo, if (i) the board of directors of 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recommending in the Proxy Statement that stockholders adopt this Agreement, the board of directors of BCB shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of Pamrapo or (iii) BCB fails to call, give proper notice of, convene and hold the BCB Stockholder Meeting.

Failure to Recommend. By BCBFirst Place, if (i) the board of directors of Pamrapo 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in the Proxy Statement that stockholders adopt this Agreement, the board of directors of Pamrapo Camco shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of BCB First Place or (iii) Pamrapo Camco fails to call, give proper notice of, convene and hold the Pamrapo Camco Stockholder Meeting. By PamrapoCamco, if (i) the board of directors of BCB 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in the Proxy Statement that stockholders adopt this Agreement, the board of directors of BCB First Place shall have withdrawn, modified or qualified such recommendation in any respect adverse in any respect to the interest of Pamrapo Camco or (iii) BCB First Place fails to call, give proper notice of, convene and hold the BCB First Place Stockholder Meeting.