Common use of Liens, Indebtedness and Other Matters Clause in Contracts

Liens, Indebtedness and Other Matters. Sell or otherwise dispose of any asset of NSB other than in the ordinary course of business consistent with past practice, subject any asset of NSB to a lien, pledge, security interest or other encumbrance (other than in connection with deposits, repurchase agreements, bankers acceptances, "treasury tax and loan" accounts established in the ordinary course of business, transactions in "federal funds" and any lien, pledge, security interest or other encumbrance incurred in the ordinary course of business consistent with past practice which does not have or could not reasonably be expected to have a Material Adverse Effect on NSB and the NSB Subsidiaries, as a whole), modify in any material respect the manner in which NSB has heretofore conducted its business, enter into any new line of business or incur any indebtedness for borrowed money (or guarantee any indebtedness for borrowed money), except in the ordinary course of business consistent with past practice;

Appears in 2 contracts

Samples: Merger Conversion Agreement (First Star Bancorp Inc), Merger Conversion Agreement (First Star Bancorp Inc)

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Liens, Indebtedness and Other Matters. Sell or otherwise dispose of any asset of NSB Fullerton Federal other than in the ordinary course of business consistent with past practice, subject any asset of NSB Fullerton Federal to a lien, pledge, security interest or other encumbrance (other than in connection with deposits, repurchase agreements, bankers acceptances, "treasury tax and loan" accounts established in the ordinary course of business, transactions in "federal funds" and any lien, pledge, security interest or other encumbrance incurred in the ordinary course of business consistent with past practice which does not have or could not reasonably be expected to have a Material Adverse Effect on NSB and the NSB Subsidiaries, as a wholeFullerton Federal), modify in any material respect the manner in which NSB Fullerton Federal has heretofore conducted conflicted its business, enter into any new line of business or incur any indebtedness for borrowed money (or guarantee any indebtedness for borrowed money), except in the ordinary course of business consistent with past practice;

Appears in 1 contract

Samples: Merger Agreement (Fairmount Bancorp, Inc.)

Liens, Indebtedness and Other Matters. Sell or otherwise dispose of any asset of NSB Commonwealth other than in the ordinary course of business consistent with past practice, subject any asset of NSB Commonwealth to a lien, pledge, security interest or other encumbrance (other than in connection with deposits, repurchase agreements, bankers acceptances, "treasury tax and loan" accounts established in the ordinary course of business, transactions in "federal funds" and any lien, pledge, security interest or other encumbrance incurred in the ordinary course of business consistent with past practice which does not have or could not reasonably be expected to have a Material Adverse Effect on NSB and the NSB Subsidiaries, as a wholeCommonwealth), modify in any material respect the manner in which NSB Commonwealth has heretofore conducted its business, enter into any new line of business or incur any indebtedness for borrowed money (or guarantee any indebtedness for borrowed money), except in the ordinary course of business consistent with past practice;

Appears in 1 contract

Samples: Agreement and Plan of Conversion Merger (Poage Bankshares, Inc.)

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Liens, Indebtedness and Other Matters. Sell or otherwise dispose of any asset of NSB Elberton other than in the ordinary course of business consistent with past practice, ; subject any asset of NSB Elberton to a lien, pledge, security interest or other encumbrance (other than in connection with deposits, repurchase agreements, bankers acceptances, "treasury tax and loan" accounts established in the ordinary course of business, transactions in "federal funds" and any lien, pledge, security interest or other encumbrance incurred in the ordinary course of business consistent with past practice which does not have or could not reasonably be expected to have a Material Adverse Effect on NSB and the NSB Subsidiaries, as a wholeElberton), ; modify in any material respect the manner in which NSB Elberton has heretofore conducted its business, ; enter into any new line of business or incur any indebtedness for borrowed money (or guarantee any indebtedness for borrowed money), except in the ordinary course of business consistent with past practice;

Appears in 1 contract

Samples: Agreement and Plan of Merger Conversion (Oconee Financial Corp)

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