No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 9 contracts
Samples: Purchase and Assumption Agreement (BNC Bancorp), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc), Purchase and Assumption Agreement (Ecb Bancorp Inc)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which that is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (New Peoples Bankshares Inc), Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking CentersFacilities, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Republic Bancshares Inc), Purchase and Assumption Agreement (Republic Bancshares Inc)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking CentersCenter, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Abc Bancorp), Purchase and Assumption Agreement (Abc Bancorp)
No Adverse Litigation. As of the Effective Time, no action, suit suit, or proceeding shall be pending or threatened against Seller Sellers which is reasonably likely to (ai) materially and adversely affect the business, properties properties, and assets of the Banking Centers, or (bii) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First United Corp/Md/)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller Advantage which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, or (b) materially and adversely affect the transactions contemplated hereinhereunder.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Camco Financial Corp)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller Sellers which is reasonably likely to (ai) materially and adversely affect the business, properties and assets of the Banking CentersCenter, or (bii) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Shares Bancorp Inc)
No Adverse Litigation. As of the Effective Time, no action, suit suit, or proceeding shall be pending or threatened against Seller Sellers which is reasonably likely to (ai) materially and adversely affect the business, properties properties, and assets of the Banking CentersBank Branch, or (bii) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)
No Adverse Litigation. As of the Effective Time, no action, ----------------------- suit or proceeding shall be pending or threatened against Purchaser or Seller which that is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First South Bancorp Inc /Va/)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, Deposit Accounts or (b) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (City National Bancshares Corp)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller which that is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking CentersCenter, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First National Corp /Va/)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Seller Sellers which is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking Centers, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)
No Adverse Litigation. As of the Effective Time, no action, suit or proceeding shall be pending or threatened against Purchaser or Seller which that is reasonably likely to (a) materially and adversely affect the business, properties and assets of the Banking CentersCenter, or (b) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)
No Adverse Litigation. As of the Effective Time, no action, suit suit, or proceeding shall be pending or threatened against Seller which that is reasonably likely to (ai) materially and adversely affect the business, properties properties, and assets of the Banking CentersCenter, or (bii) materially and adversely affect the transactions contemplated herein.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (CNB Financial Services Inc)
