Common use of Material Proceedings Clause in Contracts

Material Proceedings. None of Horizon, WBKC, or any of their Subsidiaries, shall be subject to any statute, rule, regulation, injunction, order, or decree, which shall have been enacted, entered, promulgated, or enforced, which prohibits, prevents, or makes illegal the completion of the Merger, and no claim, litigation, or proceeding which is likely, in the reasonable, good faith judgment of Horizon, to have a Material Adverse Effect on WBKC, shall have been initiated relating to this Agreement or the Merger or seeking to prevent the completion of the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Wolverine Bancorp, Inc.), Agreement and Plan of Merger (Horizon Bancorp /In/)

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Material Proceedings. None of Horizon, WBKC, or any Subsidiary of their SubsidiariesHorizon or WBKC, shall be subject to any statute, rule, regulation, injunction, order, or decree, which shall have been enacted, entered, promulgated, or enforced, which prohibits, prevents, or makes illegal the completion of the Merger, and no claim, litigation, or proceeding which is likely, in the reasonable, good faith judgment of HorizonWBKC, to have a Material Adverse Effect on WBKCHorizon, shall have been initiated relating to this Agreement or the Merger or seeking to prevent the completion of the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Wolverine Bancorp, Inc.), Agreement and Plan of Merger (Horizon Bancorp /In/)

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