Common use of Legal Actions and Proceedings Clause in Contracts

Legal Actions and Proceedings. Except as disclosed in the ACB Disclosure Schedule, ACB is not a party to, or to its knowledge, threatened with, and to ACB’s knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and ACB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by ACB of any amount in excess of Ten Thousand Dollars ($10,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by ACB of a monetary amount, which could reasonably be expected to have a Material Adverse Effect on ACB or its business or property or the transactions contemplated hereby. ACB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing and Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of ACB, threatened against ACB.

Legal Actions and Proceedings. Except as disclosed in the ACB VCB Disclosure Schedule, ACB VCB is not a party to, or so far as known to its knowledgeit, threatened with, and to ACBVCB’s knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and ACB VCB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by ACB VCB of any amount in excess of Ten Thousand Dollars ($10,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by ACB VCB of a monetary amount, which could reasonably be expected to have a Material Adverse Effect on ACB VCB or its business or property or the transactions contemplated hereby. ACB VCB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing and Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of ACBVCB, threatened against ACBVCB.

Legal Actions and Proceedings. Except as disclosed in the ACB YCB Disclosure Schedule, ACB YCB is not a party to, or so far as known to its knowledgeit, threatened with, and to ACB’s YCB's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and ACB YCB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by ACB YCB of any amount in excess of Ten Twenty-Five Thousand Dollars ($10,00025,000.00), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by ACB YCB of a monetary amount, which could reasonably be expected to have a Material Adverse Effect material adverse effect on ACB YCB or its business or property or the transactions contemplated hereby. ACB YCB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing and & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of ACBYCB, threatened against ACBYCB.

Legal Actions and Proceedings. Except as disclosed in the ACB FNB Disclosure Schedule, ACB FNB is not a party to, or so far as known to its knowledgeit, threatened with, and to ACBFNB’s knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and ACB FNB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by ACB FNB of any amount in excess of Ten One Hundred Thousand Dollars ($10,000100,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by ACB FNB of a monetary amount, which could reasonably be expected to have a Material Adverse Effect on ACB FNB or its business or property or the transactions contemplated hereby. ACB FNB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing and Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of ACBFNB, threatened against ACBFNB.

Legal Actions and Proceedings. Except as disclosed in the ACB SRNB Disclosure Schedule, ACB SRNB is not a party to, or so far as known to its knowledgeit, threatened with, and to ACB’s SRNB's knowledge, there is no reasonable basis for, any legal action or other proceeding or investigation before any court, any arbitrator of any kind or any government agency, and ACB SRNB is not subject to any potential adverse claim, the outcome of which could involve the payment or receipt by ACB SRNB of any amount in excess of Ten Twenty-five Thousand Dollars ($10,00025,000), unless an insurer has agreed to defend against and pay the amount of any resulting liability without reservation, or, if any such legal action, proceeding, investigation or claim will not involve the payment by ACB SRNB of a monetary amount, which could reasonably be expected to have a Material Adverse Effect material adverse effect on ACB SRNB or its business or property or the transactions contemplated hereby. ACB SRNB has no knowledge of any pending or threatened claims or charges under the Community Reinvestment Act, before the Equal Employment Opportunity Commission, the California Department of Fair Housing and & Economic Development, the California Unemployment Appeals Board, or any federal or state human relations commission or agency. There is no labor dispute, strike, slow-down or stoppage pending or, to the best of the knowledge of ACBSRNB, threatened against ACBSRNB.