Common use of NO PLAN TO TRANSFER ASSETS Clause in Contracts

NO PLAN TO TRANSFER ASSETS. CFB has no plan or intention to sell or otherwise dispose of any of the assets of the Bank to be acquired in the Merger, except for dispositions in the ordinary course of business or transfers to controlled subsidiaries as described in Section 368(a)(2)(C) of the Code.

Appears in 2 contracts

Samples: Merger Agreement (Community First Bankshares Inc), Merger Agreement (Community First Bankshares Inc)

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NO PLAN TO TRANSFER ASSETS. CFB has no plan or intention to sell or otherwise dispose of any of the assets of the Bank Banks to be acquired in the Merger, except for dispositions in the ordinary course of business or transfers to controlled subsidiaries as described in Section 368(a)(2)(C) of the Code. CFB intends to cause the merger or consolidation of the Banks with and into CFB's Colorado subsidiary bank as soon as practicable following the Merger.

Appears in 1 contract

Samples: Merger Agreement (Community First Bankshares Inc)

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NO PLAN TO TRANSFER ASSETS. CFB has no plan or intention to sell or otherwise dispose of any of the assets of the Bank Republic to be acquired in the Merger, except for dispositions in the ordinary course of business or transfers to controlled subsidiaries as described in Section 368(a)(2)(C) of the Code.

Appears in 1 contract

Samples: Merger Agreement (Community First Bankshares Inc)

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