Common use of Mortgage of Assets Clause in Contracts

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 such mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Grand Premier Financial Inc), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/), Agreement and Plan of Merger (First Evergreen Corp)

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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 businessbusi- ness, and except for such mortgages, pledges, liens, charges, and encumbrances for indebtedness that do not in the aggregate exceed $100,000.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Old Kent Financial Corp /Mi/), Agreement and Plan of Merger (CFSB Bancorp Inc)

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