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 or 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 (Grand Premier Financial Inc), Old Kent Financial Corp /Mi/
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 or 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 $100,00050,000.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Chemical Financial Corp), Agreement and Plan of Merger (O a K 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 in the ordinary course of business or business, and except for property or assets, or any group of related properties or assets, that have a fair market value of less than $100,000.175,000. 38
Appears in 1 contract
Samples: 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 dealing with financial assets in the ordinary course of business or business, and except for property or assets, or any group of related properties or assets, that have a fair market value of less than $100,00050,000.
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 in the ordinary course of business or 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 1 contract
Samples: Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)
