Common use of No Adverse Litigation Clause in Contracts

No Adverse Litigation. No claim, action, suit or proceeding shall be pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branches, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Branch Purchase and Assumption Agreement (Greene County Bancshares Inc), Branch Purchase and Assumption Agreement (Blue River Bancshares Inc), Fulton Division Acquisition Agreement (Hopfed Bancorp Inc)

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No Adverse Litigation. No claim, On the Closing Date no action, suit or proceeding shall be threatened or pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branchesbusiness, properties and assets of the Assets Branches or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 3 contracts

Samples: Branch Purchase Agreement (United Community Bancorp), Branch Purchase Agreement (Premier Financial Bancorp Inc), Loan Purchase Agreement (Premier Financial Bancorp Inc)

No Adverse Litigation. No claim, On the Closing Date no action, suit or proceeding shall be threatened or pending against Buyer or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branchesbusiness, properties and assets of the Assets Branches or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: First Financial Service Corp, First Savings Financial Group Inc

No Adverse Litigation. No claimOn the Closing Date, no action, suit or proceeding shall be threatened or pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (ai) materially and adversely affect the Branchesbusiness, properties and assets of the Assets or the Assumed Liabilities, Branch or (bii) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)

No Adverse Litigation. No claim, action, suit or proceeding shall be pending or threatened against the Purchaser Purchaser, the Bank or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the BranchesBanking Business, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Corp /In/)

No Adverse Litigation. No claim, On the Closing Date no action, suit or proceeding shall be threatened or pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (ai) materially and adversely affect the Branchesbusiness, properties, assets and assumed liabilities of the Assets or the Assumed Liabilities, Branches or (bii) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hopfed Bancorp Inc)

No Adverse Litigation. No claim, action, suit or proceeding shall be pending or threatened against the Purchaser or the Seller as of On the Closing Date no Legal Proceeding shall be threatened or pending against Purchaser or Seller which might reasonably be expected to (a) materially and adversely affect the Branchesbusiness, properties and assets of the Assets Branches or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Branch Purchase Agreement (First Financial Service Corp)

No Adverse Litigation. No claimOn the Closing Date, no action, suit or proceeding shall be threatened or pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (ai) materially and adversely affect the Branchesbusiness, properties and assets of the Assets or the Assumed Liabilities, Branch or (bii) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (DCB Financial Corp)

No Adverse Litigation. No claimOn the Closing Date, no action, suit or proceeding shall be pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branchesbusiness, properties and Customer Records of the Assets Branch or which seeks to restrain, prevent, rescind or change the Assumed Liabilities, terms of this Agreement or (b) materially and adversely affect the transactions contemplated by this Agreementhereby which, in the reasonable opinion of Seller, makes it inadvisable to proceed with the transactions contemplated hereby.

Appears in 1 contract

Samples: Branch Purchase Agreement (First Lehigh Corp)

No Adverse Litigation. No claimOn the Closing Date, no action, suit or proceeding shall be is threatened or pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (ai) materially and adversely affect the Branchesbusiness, properties and assets of the Assets or the Assumed Liabilities, Branch or (bii) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Bancorp, Inc /ME/)

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No Adverse Litigation. No claimAs of the Closing Date, no action, suit or proceeding shall be pending or threatened against the Purchaser Seller or Purchaser, or the Seller as of the Closing Date Assets and Liabilities, which might reasonably could be expected to (a) materially and adversely affect the Branches, business and operations of Seller at its Branch or the Assets or the Assumed and Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Century Bancshares Inc)

No Adverse Litigation. No claim, action, suit or proceeding Proceeding shall be pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branches, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Mid Illinois Bancshares Inc)

No Adverse Litigation. No claimAs of the Closing Date, no action, suit or proceeding shall be pending or threatened against the Purchaser Seller or Purchaser, or the Seller as of the Closing Date Assets and Liabilities, which might reasonably could be expected to (a) materially and adversely affect the Branches, business and operations of Seller at its Branch or the Assets or the Assumed and Liabilities, or (b) materially and adversely affect the transactions transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Century Bancshares Inc)

No Adverse Litigation. No claim, action, suit or proceeding shall be pending or threatened against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the BranchesBranch, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (River Valley Bancorp)

No Adverse Litigation. No claimOn the Closing Date, no action, suit or proceeding shall be pending or to the knowledge of the Seller threatened nor any order have been entered (i) against the Purchaser or the Seller as of the Closing Date which might reasonably be expected to (a) materially and adversely affect the Branches, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreementhereby or the business of the Branch, the Assets and the Deposit Liabilities or (ii) against the Seller or the Purchaser seeking to enjoin the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase and Sale (Southern Connecticut Bancorp Inc)

No Adverse Litigation. No claimAs of the Closing Date, no action, suit or proceeding shall be pending or threatened against the Purchaser Seller, or the Seller as of the Closing Date Assets and Liabilities, which might reasonably could be expected to (a) materially and adversely affect have a Material Adverse Effect on Seller or the Branches, the Assets or the Assumed Liabilities, or (b) materially and adversely affect the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Franklin Bank Corp)

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