Mortgaging Assets. Take no action to sell, mortgage, pledge, encumber, or otherwise dispose of, or agree to sell, mortgage, pledge, encumber, or otherwise dispose of, any of its property or assets, except in the ordinary course of business, except for property or assets, or any group of related properties or assets, that have a fair market value of less than $100,000.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Old Kent Financial Corp /Mi/), Agreement and Plan of Merger (First Evergreen Corp), Agreement and Plan of Merger (Merchants Bancorp Inc/De/)
Mortgaging Assets. Take no action to sell, mortgage, pledge, encumber, or otherwise dispose of, or agree to sell, mortgage, pledge, encumber, or otherwise dispose of, any of its property or assets, except dealing with financial assets in the ordinary course of business, and except for property or assets, or any group of related properties or assets, that have a fair market value of less than $100,00025,000.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Firstbank Corp), Agreement and Plan of Merger (Chemical Financial Corp)
Mortgaging Assets. Take no action to sell, mortgage, pledge, encumber, or otherwise dispose of, or agree to sell, mortgage, pledge, encumber, or otherwise dispose of, any of its property or assets, except in the ordinary course of business, and except for property or assets, or any group of related properties or assets, that have a fair market value of less than $100,000.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (CFSB Bancorp Inc), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)
