Common use of Home Conduct of Businesses Prior to the Effective Time Clause in Contracts

Home Conduct of Businesses Prior to the Effective Time. (a) Except as expressly contemplated or permitted by this Agreement or as required by applicable law or a Governmental Entity, or with the prior written consent of Cascade, during the period from the date of this Agreement to the Effective Time, Home shall, and shall cause each of its Subsidiaries to, (i) conduct its business in the ordinary course consistent with past practice, (ii) use commercially reasonable best efforts to maintain and preserve intact its business organization and advantageous business relationships, and (iii) take no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Home or Cascade or any of their respective Subsidiaries to obtain any Requisite Regulatory Approvals (as defined in Section 7.1(e)) or to consummate the transactions contemplated hereby.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Home Federal Bancorp, Inc.), Agreement and Plan of Merger (Cascade Bancorp), Agreement and Plan of Merger (Cascade Bancorp)

AutoNDA by SimpleDocs

Home Conduct of Businesses Prior to the Effective Time. (a) Except as expressly contemplated or permitted by this Agreement or as required by applicable law or a Governmental Entity, or with the prior written consent of CascadeBanner, during the period from the date of this Agreement to the Effective Time, Home shall, and shall cause each of its Subsidiaries to, (ia) conduct its business in the ordinary course consistent with past practice, (iib) use commercially reasonable best efforts to maintain and preserve intact its business organization and advantageous business relationships, and (iiic) take no action that is intended to or would reasonably be expected to adversely affect or materially delay the ability of Home or Cascade Banner or any of their respective Subsidiaries to obtain any Requisite Regulatory Approvals (as defined in Section 7.1(e)) or to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Banner Corp), Agreement and Plan of Merger (Home Federal Bancorp, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.