Common use of No Regulatory Approval Clause in Contracts

No Regulatory Approval. By FBMS or SSNF, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Merger Agreement (First Bancshares Inc /MS/), Merger Agreement (Sunshine Financial, Inc.)

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No Regulatory Approval. By FBMS or SSNFSWGB, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Merger Agreement (Southwest Georgia Financial Corp), Merger Agreement (First Bancshares Inc /MS/)

No Regulatory Approval. By FBMS or SSNFFPB, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Merger Agreement (First Bancshares Inc /MS/)

No Regulatory Approval. By FBMS or SSNFFFB, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Merger Agreement (First Bancshares Inc /MS/)

No Regulatory Approval. By FBMS or SSNFBBI, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Merger Agreement (First Bancshares Inc /MS/)

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No Regulatory Approval. By FBMS or SSNFHSBI, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Merger Agreement (First Bancshares Inc /MS/)

No Regulatory Approval. By FBMS or SSNFSWBS, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Merger Agreement (First Bancshares Inc /MS/)

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