Common use of No Regulatory Approvals Clause in Contracts

No Regulatory Approvals. By either party, if the regulatory approvals required by Section 5.1 are denied (or if any such required approval is conditioned on a substantial deviation from the Merger); provided, however, that either party will have fifteen (15) Business Days following receipt of such denial to appeal the decision, and if such appeal is timely made, either party will have sixty (60) days to prosecute diligently and overturn such denial, and such other party may not terminate this Agreement pursuant to this Section 7.4.2 during such period of time.

Appears in 1 contract

Samples: Merger Agreement

AutoNDA by SimpleDocs

No Regulatory Approvals. By either party, if the regulatory approvals required by Section 5.1 are denied (or if any such required approval is conditioned on a substantial deviation from the Mergertransactions contemplated by this Agreement); provided, however, that either party will have fifteen (15) Business Days business days following receipt of such denial to appeal the decision, and if such appeal is timely made, either party will have sixty (60) days to prosecute diligently and overturn such denial, and such other party may not terminate this Agreement pursuant to this Section 7.4.2 7.3.2 during such period of time.

Appears in 1 contract

Samples: Merger Agreement (Columbia Banking System Inc)

No Regulatory Approvals. By either party, if the regulatory approvals required by Section 5.1 are denied (or if any such required approval is conditioned on a substantial deviation from the Mergertransaction contemplated by this Agreement); provided, however, that either party will have fifteen (15) Business Days 15 business days following receipt of such denial to appeal the decision, and if such appeal is timely made, either party will have sixty (60) 60 days to prosecute diligently and overturn such denial, and such other party may not terminate this Agreement pursuant to this Section 7.4.2 during such period of time.

Appears in 1 contract

Samples: Merger Agreement (Columbia Banking System Inc)

AutoNDA by SimpleDocs

No Regulatory Approvals. By either party, if the regulatory approvals required by Section 5.1 are denied (or if any such required approval is conditioned on a substantial deviation from the Mergertransactions contemplated by this Agreement); provided, however, that either party will have fifteen (15) Business Days 15 business days following receipt of such denial to appeal the decision, and if such appeal is timely made, either party will have sixty (60) 60 days to prosecute diligently and overturn such denial, and such other party may not terminate this Agreement pursuant to this Section 7.4.2 7.3.2 during such period of time.

Appears in 1 contract

Samples: Merger Agreement (Mountain Bank Holding Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!