Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, and encumbrance for indebtedness that does not exceed $50,000 or for the aggregate of any group of mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (O a K Financial Corp), Agreement and Plan of Merger (Chemical Financial Corp), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, and encumbrance for indebtedness that does not exceed $50,000 100,000 or for the aggregate of any group of mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000200,000.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Firstbank Corp), Agreement and Plan of Merger (Firstbank Corp)
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, and encumbrance for indebtedness that does not exceed $50,000 175,000 or for the aggregate of any group of mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000350,000.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Chemical Financial Corp)
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, sale, transfer and encumbrance for indebtedness that does not exceed $50,000 or for the aggregate of any group of mortgages, pledges, liens, charges, sales, transfers and encumbrances for indebtedness that do not in the aggregate exceed $100,000.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Chemical Financial Corp)
Mortgage of Assets. Mortgaged, pledged, or subjected to lien, charge, or other encumbrance any of its assets, or sold or transferred any such assets, except in the ordinary course of business, except for any single mortgage, pledge, lien, charge, and encumbrance for indebtedness that does not exceed $50,000 or for the aggregate of any group of such mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,00010,000.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc)
