Common use of No Burdensome Condition Clause in Contracts

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) which imposes any new restriction or condition on the Company or its Subsidiaries or the Purchaser or any of its Affiliates (other than such restrictions as· are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the Purchaser) which the Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the Purchaser to such a degree that the Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or members of the Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, shall be deemed a Burdensome Condition unless otherwise determined by the Purchaser in its sole discretion.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Origin Bancorp, Inc.), Securities Purchase Agreement (Origin Bancorp, Inc.), Securities Purchase Agreement (Origin Bancorp, Inc.)

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No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the such Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Carolina Bank Holdings Inc), Securities Purchase Agreement (Bankwell Financial Group, Inc.), Securities Purchase Agreement (Codorus Valley Bancorp Inc)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiariesthe Bank, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the such Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Grandsouth Bancorporation), Securities Purchase Agreement (Citizens Community Bancorp Inc.)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) Authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the such Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bay Banks of Virginia Inc)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the such Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisors shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Customers Bancorp, Inc.)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) related to its investment in the Shares, or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (MidWestOne Financial Group, Inc.)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) Authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association anti‑association commitments, as may be amended from time to time, entered into by the such Purchaser) which the Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s 's business following the Closing or on the such Purchaser (or any of its Affiliates) related to its investment in the Shares, or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a "Burdensome Condition"), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non‑managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bancorp, Inc.)

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No Burdensome Condition. Since the date hereofof this Agreement, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the Purchaser) which the Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the Purchaser to such a degree that the Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the Purchaser in its sole discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Newbridge Bancorp)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the Purchaser such Shareholder (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the Purchaser such Shareholder or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the Purchasersuch Shareholder) which the Purchaser such Shareholder determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the Purchaser such Shareholder (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the Purchaser such Shareholder to such a degree that the Purchaser such Shareholder would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the Purchaser such Shareholder or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the Purchaser such Shareholder in its sole discretion.

Appears in 1 contract

Samples: Share Exchange Agreement (Yadkin Valley Financial Corp)

No Burdensome Condition. Since the date hereof, there shall not be any action taken, or any law, rule or regulation enacted, entered, enforced or deemed applicable to the Company or its Subsidiaries, the such Purchaser (or its Affiliates) or the transactions contemplated by this Agreement, by any Governmental Authority (including any Bank Regulatory Authority) bank regulatory authority which imposes any new restriction or condition on the Company or its Subsidiaries or the such Purchaser or any of its Affiliates (other than such restrictions as· as are described in any passivity or anti-association commitments, as may be amended from time to time, entered into by the such Purchaser) which the such Purchaser determines, in its reasonable good faith judgment, is materially and unreasonably burdensome on the Company’s business following the Closing or on the such Purchaser (or any of its Affiliates) or would reduce the economic benefits of the transactions contemplated by this Agreement to the such Purchaser to such a degree that the such Purchaser would not have entered into this Agreement had such condition or restriction been known to it on the date hereof (any such condition or restriction, a “Burdensome Condition”), and, for the avoidance of doubt, any requirements to disclose the identities of limited partners, shareholders or non-managing members of the such Purchaser or its Affiliates or its investment advisers, other than the identities of Affiliates of the Purchaser, advisers shall be deemed a Burdensome Condition unless otherwise determined by the such Purchaser in its sole reasonable discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Yadkin Valley Financial Corp)

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