No Default Under Material Contracts. Neither Mid Penn nor any Mid Penn Subsidiary is in default under any material contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its assets, business, or operations may be bound or affected, or under which it or its assets, business, or operations receive benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Mid Penn Bancorp Inc), Agreement and Plan of Merger (Mid Penn Bancorp Inc), Agreement and Plan of Merger (First Priority Financial Corp.)
No Default Under Material Contracts. Neither Mid Penn nor any Mid Penn Subsidiary is in default under any material contract, agreement, commitment, arrangement, lease, insurance policy or other instrument to which it is a party, by which its assets, business, or operations may be bound or affected, or under which it or its assets, business, or operations receive benefits, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default, except where such default, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (William Penn Bancorporation), Agreement and Plan of Merger (Mid Penn Bancorp Inc)
