Notice of Certain Changes or Events. Following the execution of this Agreement and up to the Effective Time, FNB promptly will notify ACB in writing of and provide to ACB such information as it shall request regarding (i) any material adverse change in its or First National’s financial condition, results of operations, prospects, business, assets, loan portfolio, investments, properties or operations or of the actual or prospective occurrence of any condition or event which, with the lapse of time or otherwise, is reasonably likely to cause, create or result in any such material adverse change; or (ii) the actual or prospective existence or occurrence of any condition or event which, with the lapse of time or otherwise, has caused or may or could cause any statement, representation, or warranty of FNB or First National herein, to be or become materially inaccurate, misleading, or incomplete, or which has resulted or may or could cause, create, or result in the breach or violation in any material respect of any of FNB’s or First National’s covenants or agreements contained herein or in the failure of any of the conditions described in Paragraphs 7.01 or 7.03 below.
Appears in 2 contracts
Samples: Merger Agreement (FNB Bancshares Inc /Sc/), Merger Agreement (American Community Bancshares Inc)
Notice of Certain Changes or Events. Following the execution of this Agreement and up to the Effective Time, FNB CNB promptly will notify ACB MFC in writing of and provide to ACB it such further information as it shall request regarding (i) any material adverse change in its CNB's or First National’s Community's respective financial condition, results of operations, prospects, business, assets, loan Loan portfolio, investments, properties or operations operations, or of the actual or prospective occurrence of any condition or event which, with the lapse of time or otherwise, is reasonably likely to may or could cause, create or result in any such material adverse change; , or of (ii) the actual or prospective existence or occurrence of any condition or event which, with the lapse of time or otherwise, has caused or may or could cause any statement, representation, representation or warranty of FNB or First National herein, CNB herein to be or become materially inaccurate, misleading, misleading or incompleteincomplete in any material respect, or which has resulted or may or could cause, create, create or result in the breach or violation in any material respect of any of FNB’s or First National’s CNB's covenants or agreements contained herein or in the failure of any of the conditions described in Paragraphs 7.01 or 7.03 below7.03.
Appears in 2 contracts
Samples: Merger Agreement (CNB Holdings Inc), Merger Agreement (Mountainbank Financial Corp)
Notice of Certain Changes or Events. Following the execution of this Agreement and up to the Effective Time, FNB Integrity promptly will notify ACB FNB in writing of and provide to ACB it such information as it shall request regarding (i) any material adverse change in its or First National’s consolidated financial condition, consolidated results of operations, prospects, business, assets, loan portfolio, investments, properties or operations operations, or of the actual or prospective occurrence of any condition or event which, with the lapse of time or otherwise, is reasonably likely to may or could cause, create or result in any such material adverse change; , or of (ii) the actual or prospective existence or occurrence of any condition or event which, with the lapse of time or otherwise, has caused or may or could cause any statement, representation, representation or warranty of FNB or First National herein, Integrity herein to be or become materially inaccurate, misleading, misleading or incomplete, or which has resulted or may or could cause, create, create or result in the breach or violation in any material respect of any of FNB’s or First NationalIntegrity’s covenants or agreements contained herein or in the failure of any of the conditions described in Paragraphs 7.01 Sections 7.1 or 7.03 7.3 below.
Appears in 2 contracts
Samples: Merger Agreement (FNB Corp/Nc), Merger Agreement (Integrity Financial Corp)
Notice of Certain Changes or Events. Following the execution of this Agreement and up to the Effective Time, FNB Centennial promptly will notify ACB Crescent Financial in writing of and provide to ACB it such information as it shall request regarding (i) any material adverse change in its or First National’s financial condition, results of operations, prospects, business, assets, loan portfolio, investments, properties or operations operations, or of the actual or prospective occurrence of any condition or event which, with the lapse of time or otherwise, is reasonably likely to may or could cause, create or result in any such material adverse change; , or of (ii) the actual or prospective existence or occurrence of any condition or event which, with the lapse of time or otherwise, has caused or may or could cause any statement, representation, representation or warranty of FNB or First National herein, Centennial herein to be or become materially inaccurate, misleading, misleading or incomplete, or which has resulted or may or could cause, create, create or result in the breach or violation in any material respect of any of FNB’s or First National’s Centennial's covenants or agreements contained herein or in the failure of any of the conditions described in Paragraphs 7.01 Sections 7.1 or 7.03 7.3 below.
Appears in 1 contract
Notice of Certain Changes or Events. Following the execution of this Agreement and up to the Effective Time, FNB SSB promptly will notify ACB BNC in writing of and provide to ACB it such information as it shall request regarding (i) any material adverse change in its or First NationalSSB’s financial condition, results of operations, prospects, business, assets, loan portfolio, investments, properties or operations operations, or of the actual or prospective occurrence of any condition or event which, with the lapse of time or otherwise, is reasonably likely to cause, create or result in any such material adverse change; , or of (ii) the actual or prospective existence or occurrence of any condition or event which, with the lapse of time or otherwise, has caused or may or could is likely to cause any statement, representation, representation or warranty of FNB or First National herein, SSB herein to be or become materially inaccurate, misleading, misleading or incompleteincomplete in any material respect, or which has resulted or may or could is likely to cause, create, create or result in the breach or violation in any material respect of any of FNB’s or First NationalSSB’s covenants or agreements contained herein or in the failure of any of the conditions described in Paragraphs 7.01 or 7.03 below7.02.
Appears in 1 contract
Samples: Merger Agreement (BNC Bancorp)