Common use of Investigation and Confidentiality Clause in Contracts

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 5 contracts

Samples: Merger Agreement (Gb&t Bancshares Inc), Merger Agreement (Mountain Bancshares Inc), Merger Agreement (Gb&t Bancshares Inc)

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Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party, except for one copy of any materials prepared by that Party or any attorney for or other representative of that Party based upon such confidential information. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 4 contracts

Samples: Merger Agreement (First Alliance/Premier Bancshares Inc), Merger Agreement (First Southern Bankshares Inc/Ga), Merger Agreement (Premier Bancshares Inc /Ga)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger Mergers and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Target Material Adverse Effect on the other Partyor a Purchaser Material Adverse Effect, as applicable.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Atlantic Southern Financial Group, Inc.), Merger Agreement (Buckhead Community Bancorp Inc), Agreement and Plan of Reorganization (Allied Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees Magna shall use its reasonable efforts to give exercise its rights under confidentiality agreements entered into with Persons which were considering an Acquisition Transaction with Magna to preserve the other Party notice as soon as practicable after any determination by it confidentiality of any fact or occurrence the information relating to the other Party which it has discovered through the course of its investigation Magna provided to such Persons and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partytheir Affiliates and Representatives.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Union Planters Corp), Agreement and Plan of Reorganization (Magna Bancorp Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party Parties advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party Parties to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party Parties reasonably requestsrequest, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other PartyParties. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party Parties concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other PartyParties. (c) Each Party agrees to give the other Party Parties notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party Parties which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party Parties or which has had or is reasonably likely to have a Material Adverse Effect on the other PartyParties.

Appears in 2 contracts

Samples: Merger Agreement (Premier Bancshares Inc /Ga), Merger Agreement (Premier Bancshares Inc /Ga)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. In addition, CBC and CTB agree that the confidentiality letter dated February 22, 2002 and executed by them shall continue in full force and effect. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 2 contracts

Samples: Merger Agreement (Citizens Bancshares Corp /Ga/), Merger Agreement (CFS Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party the Parties will keep the other Party one another advised of all Material developments relevant to its business their respective businesses and to consummation of the Merger Merger, and each Party shall permit the other Party to make or cause to be made such investigation of their respective businesses and properties and the business businesses and properties of it and its their respective Subsidiaries and of their respective financial and legal conditions as the other Party may be reasonably requestsrequested, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No such investigation by a Party shall affect the representations and warranties of the other either Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation or otherwise and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 2 contracts

Samples: Merger Agreement (Peoples Banctrust Co Inc), Merger Agreement (Peoples Banctrust Co Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Neighbors Material Adverse Effect on the other Partyor an SBKC Material Adverse Effect, as applicable.

Appears in 2 contracts

Samples: Merger Agreement (Security Bank Corp), Merger Agreement (Neighbors Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will party shall keep the other Party advised parties reasonably apprised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries subsidiaries and of their respective financial and legal conditions as the other Party party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party party shall affect the representations and warranties of the other Partyparty. (b) Each Party party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party party concerning its and its Subsidiaries' businesses, operations, operations and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreementpositions. If this Agreement is terminated prior to the Effective Time, each Party party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Partyparty. (c) Each Party party agrees to give the other Party party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the any other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partyparty.

Appears in 2 contracts

Samples: Merger Agreement (Headhunter Net Inc), Merger Agreement (Headhunter Net Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and and, after the 30th day after execution of this Agreement, shall not interfere unnecessarily unreasonably with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees First United shall use its reasonable efforts to give exercise its rights under confidentiality agreements entered into with Persons which were considering an acquisition transaction with First United to preserve the other Party notice as soon as practicable after any determination by it confidentiality of any fact or occurrence the information relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely First United provided to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partysuch parties.

Appears in 1 contract

Samples: Merger Agreement (First United Bancorporation /Sc/)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Concord Material Adverse Effect on the other Partyor an SBC Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Summit Bank Corp)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing information received from the other Party.. In addition, GB&T agrees to comply with the confidentiality letter dated September 2, 2003 previously executed by GB&T. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Southern Heritage Bancorp Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees Capital shall use its reasonable efforts to give exercise its rights under confidentiality agreements entered into with Persons which were considering an Acquisition Transaction with Capital to preserve the other Party notice as soon as practicable after any determination by it confidentiality of any fact or occurrence the information relating to the other Party which it has discovered through the course of its investigation Capital provided to such Persons and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partytheir Affiliates and Representatives.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Capital Savings Bancorp Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will party shall keep the other Party party advised of all Material developments relevant to its business and to consummation of the Merger Merger. DII shall provide PSS open and shall permit the other Party exclusive access to DII, its records and employees in order for PSS to make or cause to be made such investigation of the business and properties of it DII and its Subsidiaries and of their respective its financial and legal conditions condition as the other Party PSS reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information not otherwise in the public domain furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, customers and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Physician Sales & Service Inc /Fl/)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. Each Party shall promptly notify the others in writing of any matter which is or has the reasonable potential to be material. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party, except for one copy of any materials prepared by that Party or any attorney for or other representative of that Party based upon such confidential information. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Newnan Holdings Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers advisors and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Cardinal Material Adverse Effect on the other Partyor an Yadkin Valley or YVB Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Yadkin Valley Financial Corp)

Investigation and Confidentiality. (a) Prior to the Effective TimeClosing, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to the consummation of the Merger transactions contemplated hereby and shall permit the other Party to make or cause to be made such investigation of the its business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided provided, that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the ability of such Party to relay on the representations and warranties of the other Party. (b) Each In addition to each Party's obligations pursuant to Section 4.7(a), each Party shall, and shall cause its advisers advisors and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning it, its and its Subsidiaries' businesses, operations, operations and financial positions position and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partymaterial adverse effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Nbog Bancorporation Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party CommerceSouth will keep the other Party BancTrust advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party BancTrust to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective its financial and legal conditions as the other Party BancTrust reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No such investigation by a Party shall affect the representations and warranties of the other PartyCommerceSouth. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation or otherwise and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Commercesouth Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Cairo Material Adverse Effect on the other Partyor an First National Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Coastal Banking Co Inc)

Investigation and Confidentiality. ([a) ] Prior to the Effective Time, each Party will party shall keep the other Party party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party party shall affect the representations and warranties of the other Party. (party. [b) ] Each Party party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (party. [c) ] Each Party party agrees to give the other Party party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant covenant, or agreement of the other Party party or which has had or is reasonably likely to have a Material Adverse Effect material adverse effect on the other Partyparty.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Primis Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a SouthBank Material Adverse Effect on the other Partyor an SBKC Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Security Bank Corp)

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Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions transaction contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose condition except in furtherance of the transactions transaction contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Century South Banks Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Gb&t Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a First Xxxxxxxx Material Adverse Effect on the other Partyor an WGNB Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (WGNB Corp)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees SFC shall use its reasonable efforts to give exercise its rights under confidentiality agreements entered into with Persons which were considering an Acquisition Transaction with SFC to preserve the other Party notice as soon as practicable after any determination by it confidentiality of any fact or occurrence the information relating to the other Party which it has discovered through the course of its investigation SFC provided to such Persons and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Partytheir Affiliates and Representatives.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sho Me Financial Corp)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party or its advisors or agents concerning its and its Subsidiaries' businesses, operations, operations and financial positions (including any information learned or obtained during any due diligence activities) and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to shall give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, represents either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Reorganization Agreement (Southbanc Shares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers advisors and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a FCB Material Adverse Effect on the other Partyor an Atlantic Southern or ASB Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Atlantic Southern Financial Group, Inc.)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representationof its representations, warrantywarranties, covenant covenants or agreement of the other Party agreements or which has had or is reasonably likely to have a First Commerce Material Adverse Effect on the other Partyor an SBKC Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Security Bank Corp)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger Purchase and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions transaction contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose condition except in furtherance of the transactions transaction contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Purchase, Sale and Assumption Agreement (Appalachian Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each In addition to the Parties' respective obligations under the Confidentiality Agreement, each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Bankers First Corp)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Premier Bancshares Inc /Ga)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. The Confidentiality Agreements shall remain in force and effect, unmodified by this Agreement. (c) Each Party agrees to give the other Party written notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant covenant, or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Carolina First Bancshares Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party CommerceSouth will keep the other Party BancTrust advised of all Material developments relevant to its business and to consummation of the Merger and shall permit the other Party BancTrust to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective its financial and legal conditions as the other Party BancTrust reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No such investigation by a Party shall affect the representations and warranties of the other PartyCommerceSouth. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof thereof, and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation or otherwise and which represents, or is reasonably likely to represent, either a Material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Material Adverse Effect on the other Party.

Appears in 1 contract

Samples: Merger Agreement (Banctrust Financial Group Inc)

Investigation and Confidentiality. (a) Prior to the Effective Time, each Party will shall keep the other Party advised of all Material material developments relevant to its business and to consummation of the Merger and shall permit the other Party to make or cause to be made such investigation of the business and properties of it and its Subsidiaries and of their respective financial and legal conditions as the other Party reasonably requests, provided that such investigation shall be reasonably related to the transactions contemplated hereby and shall not interfere unnecessarily with normal operations. No investigation by a Party shall affect the representations and warranties of the other Party. (b) Each Party shall, and shall cause its advisers and agents to, maintain the confidentiality of all confidential information furnished to it by the other Party concerning its and its Subsidiaries' businesses, operations, and financial positions and shall not use such information for any purpose except in furtherance of the transactions contemplated by this Agreement. If this Agreement is terminated prior to the Effective Time, each Party shall promptly return or certify the destruction of all documents and copies thereof and all work papers containing confidential information received from the other Party. (c) Each Party agrees to give the other Party notice as soon as practicable after any determination by it of any fact or occurrence relating to the other Party which it has discovered through the course of its investigation and which represents, or is reasonably likely to represent, either a Material material breach of any representation, warranty, covenant or agreement of the other Party or which has had or is reasonably likely to have a Homestead Material Adverse Effect on the other Partyor an SBKC Material Adverse Effect, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Security Bank Corp)

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