Common use of Ordinary Course; Lack of Material Adverse Change Clause in Contracts

Ordinary Course; Lack of Material Adverse Change. From the Balance Sheet Date, except as reflected in the ABCB SEC Filings or on Schedule 4.10 or as contemplated by this Agreement, there has not been (i) any Material Adverse Change in ABCB or any event, change, occurrence, effect or development that would reasonably be expected to have a Material Adverse Effect on ABCB or (ii) any action taken by ABCB or any of its Subsidiaries during the period from the Balance Sheet Date through the date of this Agreement that would have required JAXB’s consent if ABCB had been subject to Section 5.2 at such time.

Appears in 2 contracts

Samples: Merger Agreement (Jacksonville Bancorp Inc /Fl/), Merger Agreement (Ameris Bancorp)

AutoNDA by SimpleDocs

Ordinary Course; Lack of Material Adverse Change. From Since the Balance Sheet Date, except as reflected in the ABCB SEC Filings or on Schedule 4.10 or as contemplated by this Agreement, there has not been (i) any Material Adverse Change in ABCB or any event, change, occurrence, effect or development that would reasonably be expected to have a Material Adverse Effect on ABCB or (ii) any action taken by ABCB or any of its Subsidiaries during the period from the Balance Sheet Date through the date of this Agreement that would have required JAXBHSB’s consent if ABCB had been subject to Section 5.2 at such time.

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (Ameris Bancorp)

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