Common use of Obstacles to Regulatory Approval or Tax Treatment Clause in Contracts

Obstacles to Regulatory Approval or Tax Treatment. To the best knowledge and belief of management of Integrity, there exists no fact or condition relating to Integrity or any subsidiary that may reasonably be expected to (i) prevent, impede or delay FNB or Integrity from obtaining the regulatory approvals required to consummate transactions described herein, or (ii) prevent the Merger from qualifying to be a tax-free reorganization under Section 368(a)(1)(A) of the Code; and, if any such fact or condition becomes known to Integrity, Integrity shall promptly (and in any event within three days after obtaining such knowledge) communicate such fact or condition to the President of FNB.

Obstacles to Regulatory Approval or Tax Treatment. To the best of the knowledge and belief of the management of IntegrityFNB, there exists no fact or condition relating to Integrity or any subsidiary FNB exists that may reasonably be expected to (i) prevent, impede or delay FNB or Integrity United from obtaining the regulatory approvals required in order to consummate transactions described herein, or (ii) prevent the Merger from qualifying to be a tax-free reorganization under Section 368(a)(1)(A) of the Code; and, if any such fact or condition becomes known to Integritythe executive officers of FNB, Integrity shall FNB promptly (and in any event within three days after obtaining such knowledge) shall communicate such fact or condition to the President of FNBUnited.

Obstacles to Regulatory Approval or Tax Treatment. To the best of the knowledge and belief of the management of IntegrityFNB, there exists no fact or condition relating to Integrity or any subsidiary FNB exists that may reasonably be expected to (i) prevent, impede or delay FNB or Integrity from obtaining the regulatory approvals required in order to consummate transactions described herein, or (ii) prevent the Merger from qualifying to be a tax-free reorganization under Section 368(a)(1)(A) of the Code; and, if any such fact or condition becomes known to Integritythe executive officers of FNB, Integrity shall FNB promptly (and in any event within three days after obtaining such knowledge) shall communicate such fact or condition to the President of FNBIntegrity.

Obstacles to Regulatory Approval or Tax Treatment. To the best of the ------------------------------------------------- knowledge and belief of the management of IntegrityFNB, there exists no fact or condition relating to Integrity or any subsidiary FNB exists that may reasonably be expected to (i) prevent, impede or delay FNB or Integrity Rowan from obtaining the regulatory approvals required in order to consummate transactions described herein, or (ii) prevent the Merger from qualifying to be a tax-free reorganization under Section 368(a)(1)(A) of the Code; and, if any such fact or condition becomes known to Integritythe executive officers of FNB, Integrity shall FNB promptly (and in any event within three days after obtaining such knowledge) shall communicate such fact or condition to the President of FNBRowan.