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 and real estate owned in the ordinary course of business, and except for (i) real estate owned that has a fair market value of less than $500,000, and (ii) property or assets, or any group of related properties or assets, that have a fair market value of less than $50,000.
Appears in 2 contracts
Samples: Merger Agreement (O a K Financial Corp), Merger Agreement (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 dealing with financial assets and real estate owned in the ordinary course of business, and except for (i) real estate owned that has a fair market value of less than $500,000, and (ii) property or assets, or any group of related properties or assets, that have a fair market value of less than $50,00025,000.
Appears in 2 contracts
Samples: Merger Agreement (Firstbank Corp), Merger Agreement (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 dealing with financial assets and real estate owned in the ordinary course of business, and except for (i) real estate owned that has a fair market value of less than $500,000, and (ii) property or assets, or any group of related properties or assets, that have a fair market value of less than $50,000.175,000. 38
Appears in 1 contract
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 and real estate owned in the ordinary course of business, and except for (i) real estate owned that has a fair market value of less than $500,000, and (ii) property or assets, or any group of related properties or assets, that have a fair market value of less than $50,000100,000.
Appears in 1 contract
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 and real estate owned in the ordinary course of business, and except for (i) real estate owned that has a fair market value of less than $500,000, and (ii) property or assets, or any group of related properties or assets, that have a fair market value of less than $50,000.
Appears in 1 contract
Samples: Merger Agreement (Firstbank Corp)
