Common use of Receipt of Required Consents Clause in Contracts

Receipt of Required Consents. Summit and Prime shall have received the Required Consents; the Required Consents shall not, in the reasonable opinion of Summit, contain restrictions or limitations which would materially adversely affect the financial condition of Summit after consummation of the Reorganization; the Required Consents and the transactions contemplated hereby shall not be contested by any federal or state governmental authority; and the Required Consents needed for the Reorganization shall have been obtained and shall not have been withdrawn or suspended.

Appears in 2 contracts

Samples: Merger Agreement (Prime Bancorp Inc /Pa), Merger Agreement (Summit Bancorp/Nj/)

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Receipt of Required Consents. Summit and Prime NMBT shall have received the Required Consents; the Required Consents shall not, in the reasonable opinion of Summit, contain restrictions or limitations which would materially adversely affect the financial condition of Summit after consummation of the Reorganization; the Required Consents and the transactions contemplated hereby shall not be contested by any federal or state governmental authority; and the Required Consents needed for the Reorganization shall have been obtained and shall not have been withdrawn or suspended.

Appears in 1 contract

Samples: Merger Agreement (Summit Bancorp/Nj/)

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Receipt of Required Consents. Summit and Prime NSS shall have received the Required Consents; the Required Consents shall not, in the reasonable opinion of Summit, contain restrictions or limitations which would materially adversely affect the financial condition of Summit after consummation of the Reorganization; the Required Consents and the transactions contemplated hereby shall not be contested by any federal or state governmental authority; and the Required Consents needed for the Reorganization shall have been obtained and shall not have been withdrawn or suspended.

Appears in 1 contract

Samples: Reorganization Agreement (Summit Bancorp/Nj/)

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