Common use of Regulatory Approval Clause in Contracts

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 7 contracts

Samples: Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (First Shares Bancorp Inc)

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Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 6 contracts

Samples: Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Virginia Financial Group Inc), Purchase and Assumption Agreement (Abc Bancorp)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserPurchaser in its sole discretion.

Appears in 4 contracts

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

Regulatory Approval. (a) Purchaser and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 4 contracts

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

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 2 contracts

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

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Pab Bankshares Inc), Purchase and Assumption Agreement (C & S Bancorporation Inc)

Regulatory Approval. (a) Purchaser Seller shall have received all necessary regulatory approvals of the transactions provided in contemplated by this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals or Buyer's corresponding regulatory approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Defiance Financial Corp), Purchase and Assumption Agreement (Rurban Financial Corp)

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Seller shall have received all necessary regulatory approval of the New Real Property Leases. Such approvals approval shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller in its sole discretion.

Appears in 2 contracts

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

Regulatory Approval. (a) Purchaser Each of Buyer and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice notices and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 2 contracts

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

Regulatory Approval. (a) Purchaser and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to Purchaser.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc), Purchase and Assumption Agreement (New Peoples Bankshares Inc)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, ; all notice and waiting periods required by law to pass shall have passed, ; no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, ; and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

Regulatory Approval. (a) Purchaser and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Newsouth Bancorp Inc)

Regulatory Approval. (a) Purchaser Purchasers shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserPurchasers.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, no such approval shall include any condition which Purchaser reasonably considers to be materially disadvantageous or burdensome, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)

Regulatory Approval. (a) Purchaser and Seller shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New Peoples Bankshares Inc)

Regulatory Approval. (a) Purchaser Seller shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such , and such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Pab Bankshares Inc)

Regulatory Approval. (a) Purchaser and Seller shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Eastern Virginia Bankshares Inc)

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreement, all notice and contemplated herein; the waiting periods required by law to pass shall have passed, ; no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, ; and any conditions of any regulatory approval shall have been met. (b) Such Purchaser’s regulatory approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSellers.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)

Regulatory Approval. (a) Purchaser shall have received all --------------------- necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such , and such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser Seller shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in contemplated by this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals or Buyer's corresponding regulatory approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Second Bancorp Inc)

Regulatory Approval. (a) Seller and Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Newsouth Bancorp Inc)

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Regulatory Approval. (a) Purchaser Peoples shall have received all necessary regulatory approvals of the transactions provided in contemplated by this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserPeoples.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Camco Financial Corp)

Regulatory Approval. (a) Purchaser Seller shall have received all necessary regulatory approvals required Regulatory Approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval Regulatory Approval shall have been met. (b) Such approvals Regulatory Approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser Buyer shall have received all necessary regulatory approvals of the transactions provided in contemplated by this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition condition, which is materially disadvantageous or burdensome to PurchaserBuyer.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Second Bancorp Inc)

Regulatory Approval. (a) Purchaser shall have received all necessary from the --------------------- appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such , and such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreement, all notice and contemplated herein; the waiting periods required by law to pass shall have passed, ; no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, ; and any conditions of any regulatory approval shall have been met. (b) Such Purchaser's regulatory approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this AgreementAgreement (including, without limitation, the regulatory approvals described in Section 6.3), all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First National Corp /Va/)

Regulatory Approval. (a) Purchaser Sellers shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals or Purchaser's corresponding regulatory approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSellers.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser Buyer and Seller shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice notices and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (West Bancorporation Inc)

Regulatory Approval. (a) Purchaser shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which that is materially disadvantageous or burdensome to PurchaserSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First National Corp /Va/)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided contemplated in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoinjudicial, restrainregulatory or other governmental orders or actions enjoining, prohibit restraining, prohibiting or invalidate invalidating such transactions shall have been instituted issued and remain in effect or threatened, and any conditions of any regulatory approval shall have been metunstayed. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Crescent Banking Co)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals Regulatory Approvals of the transactions provided in this Agreementcontemplated herein, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval Regulatory Approval shall have been met. (b) Such approvals Regulatory Approvals shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser Purchasers shall have received all necessary from the appropriate regulatory approvals authorities approval of the transactions provided in this Agreement, all notice and contemplated herein; the waiting periods required by law to pass shall have passed, ; no proceeding to enjoin, restrain, prohibit prohibit, or invalidate such transactions shall have been instituted or threatened, ; and any conditions of any regulatory approval shall have been met. (b) Such Purchasers' regulatory approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserSellers.

Appears in 1 contract

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

Regulatory Approval. (a) Purchaser Purchasers shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals shall not have imposed any condition which is materially disadvantageous or burdensome to PurchaserPurchasers.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)

Regulatory Approval. (a) Purchaser shall have received all necessary regulatory approvals of the transactions provided in this Agreement, all notice and waiting periods required by law to pass shall have passed, no proceeding to enjoin, restrain, prohibit or invalidate such transactions shall have been instituted or threatened, and any conditions of any regulatory approval shall have been met. (b) Such approvals approvals, including those received in connection with the formation and operation of the Subsidiary, shall not have imposed any condition which is materially disadvantageous or burdensome to Purchaser.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Republic Bancshares Inc)

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