Common use of Litigation; Regulatory Action Clause in Contracts

Litigation; Regulatory Action. (i) No litigation, claim or other proceeding before any Governmental Authority is pending against United or any of its Subsidiaries and, to the best of United's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 4 contracts

Samples: Merger Agreement (United Bankshares Inc/Wv), Agreement and Plan of Merger (Fed One Bancorp Inc), Agreement and Plan of Merger (United Bankshares Inc/Wv)

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Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any Governmental Authority court or governmental agency is pending against United Sky or any of its Subsidiaries and, to the best of United's Sky’s knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United Sky nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United Sky or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 4 contracts

Samples: Merger Agreement (Sky Financial Group Inc), Merger Agreement (Sky Financial Group Inc), Merger Agreement (Belmont Bancorp)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any Governmental Authority is pending against United Mutual First or any of its Subsidiaries and, to the best of UnitedMutual First's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United Mutual First nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United Mutual First or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 2 contracts

Samples: Merger Agreement (Marion Capital Holdings Inc), Merger Agreement (MFS Financial Inc)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any Governmental Authority is pending against United COFI or any of its Subsidiaries and, to the best of UnitedCOFI's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United COFI nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United COFI or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letterletter or extraordinary, supervisory letter or similar submissionletter.

Appears in 1 contract

Samples: Merger Agreement (Charter One Financial Inc)

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Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any Governmental Authority is pending against United COFI or any of its Subsidiaries and, to the best of UnitedCOFI's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United COFI nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United COFI or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 1 contract

Samples: Merger Agreement (Charter One Financial Inc)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any Governmental Authority court or governmental agency is pending against United Parent or any of its Subsidiaries and, to the best of UnitedParent's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither United Parent nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has United Parent or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 1 contract

Samples: Merger Agreement (LNB Bancorp Inc)

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