Common use of No Rights Triggered Clause in Contracts

No Rights Triggered. (A) It shall take all necessary steps to ensure that the entering into of this Plan and the consummation of the transactions contemplated hereby and thereby (including without limitation the merger) and any other action or combination of actions, or any other transactions contemplated hereby or thereby do not and will not (i) result in the grant of any rights or claims under it’s articles of incorporation or bylaws or under any agreement to which it is a party, or (ii) restrict or impair in any way the ability of the other party to exercise the rights granted hereunder. (B) It shall not adopt any plan or arrangement that would adversely affect in any way the rights of the other party under this Plan.

Appears in 1 contract

Samples: Plan of Merger and Merger Agreement (Centerstate Banks of Florida Inc)

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No Rights Triggered. (A) It shall take all necessary steps to ensure that the entering into of this Plan and the consummation of the transactions contemplated hereby and thereby (including without limitation the mergerMerger) and any other action or combination of actions, or any other transactions contemplated hereby or thereby do not and will not (i) result in the grant of any rights or claims under it’s its articles of incorporation or bylaws or under any agreement to which it is a party, or (ii) restrict or impair in any way the ability of the other party to exercise the rights granted hereunder. (B) It shall not adopt any plan or arrangement that would adversely affect in any way the rights of the other party under this Plan.

Appears in 1 contract

Samples: Merger Agreement (Centerstate Banks of Florida Inc)

No Rights Triggered. (A) It shall take all necessary steps to ensure that the entering into execution and delivery of this Plan Agreement and the consummation of the transactions contemplated hereby and thereby (including without limitation the mergerMerger) and any other action or combination of actions, or any other transactions contemplated hereby or thereby do not and will not (i) result in the grant of any rights or claims under it’s its articles of incorporation or bylaws or under any agreement to which it is a party, or (ii) restrict or impair in any way the ability of the other party to exercise the rights granted hereunder. (B) It shall not adopt any plan or arrangement that would adversely affect in any way the rights of the other party under this PlanAgreement.

Appears in 1 contract

Samples: Merger Agreement (Floridian Financial Group Inc)

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No Rights Triggered. (A) It shall take all necessary steps to ensure that the entering into of this Plan and the consummation of the transactions contemplated hereby and thereby (including without limitation the mergerMerger) and any other action or combination of actions, or any other transactions contemplated hereby or thereby do not and will not (i) result in the grant of any rights or claims under it’s 's articles of incorporation or bylaws or under any agreement to which it or any of its subsidiaries is a party, or (ii) restrict or impair in any way the ability of the other party to exercise the rights granted hereunder. (B) It shall not adopt any plan or arrangement that would adversely affect in any way the rights of the other party under this Plan.

Appears in 1 contract

Samples: Merger Agreement (Southern Community Bancorp)

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