Common use of IMMATERIAL BREACH Clause in Contracts

IMMATERIAL BREACH. Notwithstanding anything to the contrary contained herein, no party hereto shall have the right to terminate this Agreement on account of its own breach or because of any 77 immaterial breach by the other party hereto of any covenant, agreement, representation, warranty, duty or obligation hereunder.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Center Banks Inc)

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IMMATERIAL BREACH. Notwithstanding anything to the contrary contained herein, no party hereto shall have the right to terminate this Agreement on account of its own breach or because of any 77 immaterial breach by the any other party hereto of any covenant, agreement, agreement representation, warranty, duty duty, or obligation hereunder. Failure to clear an Encumbrance on an asset prior to Closing shall be an immaterial breach under this Section provided that such Encumbrance does not materially impair the value or use of the Asset.

Appears in 1 contract

Samples: Loan Purchase and Assumption Agreement (Americasbank Corp)

IMMATERIAL BREACH. Notwithstanding anything to the contrary contained herein, no party hereto shall will have the right to terminate this Agreement on account of its own breach or because of any 77 immaterial breach by the other party hereto of any covenant, agreement, representation, warranty, duty duty, or obligation hereunder.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Glacier Bancorp Inc)

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IMMATERIAL BREACH. Notwithstanding anything to the contrary contained herein, no party hereto shall have the right to terminate this Agreement on account of its own breach or because of any 77 immaterial breach by the any other party hereto of any covenant, agreement, agreement representation, warranty, duty duty, or obligation hereunder. Failure to clear an Encumbrance on an asset prior to Closing shall be an Immaterial Breach under this Section provided that such Encumbrance does not materially affect the value or use of the Asset.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Americasbank Corp)

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