Common use of Procedure Upon Termination Clause in Contracts

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 7 contracts

Samples: Purchase and Assumption Agreement (BNC Bancorp), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc), Purchase and Assumption Agreement (Ecb Bancorp Inc)

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Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Union Bankshares Corp), Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (Bancfirst Corp /Ok/)

Procedure Upon Termination. In the event of termination of this Agreement pursuant to Section 9.110.1 above, and except as otherwise stated therein, written notice thereof shall be given subject to the other partyproviso contained in Section 10.1(b), and this Agreement shall terminate immediately upon receipt and the transactions contemplated hereunder shall not occur, without further action by any of such notice unless an extension is consented to by the party having the right to terminateparties hereto. If this Agreement is terminated as provided herein,: (a) each party will return Party shall either destroy or redeliver all documents, work papers documents and other materials material of the any other party, including photocopies or other duplications thereof, Party relating to this transactionthe transactions contemplated hereby, whether obtained before or after the execution hereof, to the party Party furnishing the same; and; (b) all information received by either party any Party hereto with respect to the business of the any other party Party (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party the advantage of, or disclosed by such party to third personsparties by, such Party to the detriment of the Party furnishing such information.

Appears in 4 contracts

Samples: Merger Agreement (Stifel Financial Corp), Stock Purchase Agreement (Stifel Financial Corp), Stock Purchase Agreement (United Community Financial Corp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and; (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons; and (c) each party will pay its own expenses.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (First Essex Bancorp Inc), Purchase and Assumption Agreement (Republic Bancshares Inc), Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which that is a matter of public knowledge or which that heretofore has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (First National Corp /Va/), Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc), Purchase and Assumption Agreement (New Peoples Bankshares Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein, 10.1 hereof written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each Each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all All information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental government authority) shall not at any time be used for any business purpose by such party or disclosed by any such party to third personsparties.

Appears in 2 contracts

Samples: Purchase Agreement (Meta Financial Group Inc), Purchase Agreement (Meta Financial Group Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.2 of this Agreement, and except as otherwise specifically stated therein, written notice thereof shall be given to the other partyParty, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party Party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party Party will return all documents, work papers and other materials of the other partyParty, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party Party furnishing the same; and (b) all information received by either party Party hereto with respect to the business of the other party Party (other than information which that is a matter of public knowledge or which that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party Party or disclosed by such party Party to third persons, unless required to disclose such information pursuant to order, request or demand of a governmental authority or by judicial or administrative process or by law.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Bancorp /Pr/), Purchase and Assumption Agreement (Home Bancshares Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1, and except as otherwise specifically stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which that is a matter of public knowledge or which that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third personspersons unless required to disclose such information pursuant to order, request or demand of a governmental authority or by judicial or administrative process or by law.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Green Bancorp, Inc.), Purchase and Assumption Agreement (Green Bancorp, Inc.)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications or summaries thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; andother party; (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons; and (c) each party will pay its own expenses.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Second Bancorp Inc), Purchase and Assumption Agreement (Camco Financial Corp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a1) each party will return all documents, work papers papers, and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and; (b2) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons; and (3) each party will pay their own expenses.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp), Purchase and Assumption Agreement (First United Corp/Md/)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to in writing by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each Each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all All information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental government authority) shall not at any time be used for any business purpose by such party or disclosed by any such party to third personsparties.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (West Bancorporation Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials materials, including electronic data, of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Abc Bancorp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.17.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall thereupon terminate and be of no further force or effect immediately upon receipt of such the written notice unless an extension is consented to by the party having the right to terminaterequired hereby. If this Agreement is terminated as provided herein,: (a) each party will shall (and shall cause its respective employees, agents and representatives) return to the party furnishing the same all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, party relating to this transactionthe other party or to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business business, operations and customers of the other party (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any publication for public distribution or filed as public information with any governmental authorityGovernmental Authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons. The requirements of this Section 7.2 shall be deemed to survive the termination of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Corp /In/)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein15.01 hereof, written notice thereof shall forthwith be given to the other partyparty in accordance with Section 17.08 of this Agreement, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each party will return all documents, work papers and other materials and information of the other party, including photocopies or other duplications thereof, party relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been or hereafter published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed or delivered by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bancshares Inc /De/)

Procedure Upon Termination. In the event of termination by Purchaser or Seller pursuant to Section 9.1, and except as otherwise stated therein16(a), written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to in writing by the party having the right to terminateterminate provided herein. If this Agreement is terminated as provided herein,: (ai) each party will return or certify the destruction of all documents, work papers papers, and other materials of the other party, including photocopies or other duplications thereof, party relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; , and (bii) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which heretofore has heretofore been or hereafter is published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Advanta Corp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.17.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall thereupon terminate and be of no further force or effect immediately upon receipt of such the written notice unless an extension is consented to by the party having the right to terminaterequired hereby. If this Agreement is terminated as provided herein,: (a) each party will shall (and shall cause its respective employees, agents and representatives) to return to the party furnishing the same all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, party relating to this transactionthe other party or to the transactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business business, operations and customers of the other party (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons. The requirements of this Section 7.2 shall be deemed to survive the termination of this Agreement.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Blue River Bancshares Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a1) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b2) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Newsouth Bancorp Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which that is a matter of public knowledge or which that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

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Procedure Upon Termination. In the event of termination pursuant -------------------------- to Section 9.1, and except as otherwise stated therein13.01 hereof, written notice thereof shall forthwith be given to the other partyparty in accordance with Section 16.03 of this Agreement, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, party relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Asset Purchase Agreement (Community Trust Financial Services Corporation)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein12.1 hereof, written notice thereof shall forthwith be given to the other partyParty, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminatenotice. If this Agreement is terminated as provided herein,: (a) each party Party will promptly return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, Party relating to this transactionthe Transactions, whether obtained before or after the execution hereof, to the party Party furnishing the same; and (b) all information received by either party hereto Party with respect to the business of the other party Party (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any publication for public distribution or filed as public information with any governmental government authority) shall remain strictly confidential and shall not at any time be used for any business purpose by such party Party or disclosed by such party Party to third persons.

Appears in 1 contract

Samples: Agreement for Deposit Transfer and Assumption, Purchase and Sale of Assets and Assignment and Assumption of Lease (Southern Connecticut Bancorp Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a1) each party will return all documents, work papers papers, and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and; (b2) all information received by either party hereto with respect to the business of the other party (other than information which that is a matter of public knowledge or which that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons; and (3) each party will pay its own expenses.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (CNB Financial Services Inc)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other partyparties, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other partyparties, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either any party hereto with respect to the business of the any other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authorityauthority ) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Flag Financial Corp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.01 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice (or as otherwise set forth in Section 9.01(c) and Section 9.01(d)), unless an extension is consented to in writing by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transactionthe Transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authorityentity) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Stock Purchase Agreement (Seacoast Banking Corp of Florida)

Procedure Upon Termination. In the event of termination pursuant to Section 9.18.01 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice (or as otherwise set forth in Section 8.01(c) and Section 8.01(d)), unless an extension is consented to in writing by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transactionthe Transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authorityentity) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Stock Purchase Agreement (Seacoast Banking Corp of Florida)

Procedure Upon Termination. In the event of termination pursuant to Section 9.110.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a1) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and; (b2) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons; and (3) each party will pay its own expenses.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Shares Bancorp Inc)

Procedure Upon Termination. In the event of termination ----------------------------- pursuant to Section 9.1SECTION 9.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First South Bancorp Inc /Va/)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other partyParty, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party Party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party Party will return all documents, work papers and other materials materials, including electronic data, of the other partyParty, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution hereof, to the party Party furnishing the same; and (b) all information received by either party Party hereto with respect to the business of the other party Party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party Party or disclosed by such party Party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (City National Bancshares Corp)

Procedure Upon Termination. In the event of termination pursuant to Section 9.1, and except as otherwise stated therein8.1 hereof, written notice thereof shall be given promptly to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein,: (a) A. each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, party relating to this transactionAgreement, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) B. all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for or hereafter becomes public distribution through no act or filed as public information with any governmental authorityomission of the receiving party) shall be deemed confidential and shall not at any time be used for any business purpose by such the receiving party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (DNB Financial Corp /Pa/)

Procedure Upon Termination. In the event of termination pursuant to Section 9.19.1 hereof, and except as otherwise stated therein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. If this Agreement is terminated as provided herein, (a) each party will return all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to this transaction, whether obtained before or after the execution theexecution hereof, to the party furnishing the same; and (b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Bank Corp of Georgia)

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