Common use of MATERIAL ADVERSE CHANGES; REPORTS; FINANCIAL STATEMENTS; FILINGS Clause in Contracts

MATERIAL ADVERSE CHANGES; REPORTS; FINANCIAL STATEMENTS; FILINGS. (a) Company and Bank will promptly notify Seller (i) of any event of which Company or Bank obtains knowledge which may materially and adversely affect the business, financial condition, prospects or results of operations of either Company or Bank; or (ii) in the event Company or Bank determine that it is possible that the conditions to the performance of Seller set forth in Sections 8.1 and 8.3 may not be satisfied.

Appears in 3 contracts

Samples: Agreement to Merge (Community Bancorp Inc), Merge and Plan of Reorganization (Community Bancorp), Agreement to Merge and Plan (Community Bancorp Inc)

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MATERIAL ADVERSE CHANGES; REPORTS; FINANCIAL STATEMENTS; FILINGS. (a) Company and Bank will promptly notify Seller (i) of any event of which Company or Bank obtains knowledge which may materially and adversely affect the business, financial condition, prospects or results of operations of either Company or Bank; or (ii) in the event Company or Bank determine that it is possible that the conditions to the performance of Seller set forth in Sections 8.1 and 8.3 may not be satisfied.

Appears in 1 contract

Samples: Agreement to Merge (Mid-State Bancshares)

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MATERIAL ADVERSE CHANGES; REPORTS; FINANCIAL STATEMENTS; FILINGS. (a) Company and Bank will promptly notify Seller (i) of any event of which Company or Bank obtains knowledge which may materially and adversely affect the businessbusiness (present or future), financial condition, prospects or results of operations of either Company or Bank; or (ii) in the event Company or Bank determine that it is possible that the conditions to the performance of Seller set forth in Sections 8.1 and 8.3 may not be satisfied.

Appears in 1 contract

Samples: Agreement to Merge (Heritage Oaks Bancorp)

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