Common use of Regulatory Approvals and Other Conditions Clause in Contracts

Regulatory Approvals and Other Conditions. To the Knowledge of Company and Company Bank, there is no reason relating specifically to Company or any Company Subsidiary why (a) the Required Regulatory Approvals should not be granted, (b) the Required Regulatory Approvals should be subject to a condition which would differ from conditions customarily imposed by such regulatory authorities in orders approving acquisitions of the type contemplated hereby or (c) any of the conditions precedent as specified in Article VI hereof to the obligations of any of the parties under this Agreement to consummate the transactions contemplated thereby are unlikely to be fulfilled within the applicable time period or periods required for satisfaction of such condition or conditions.

Appears in 2 contracts

Samples: Reorganization Agreement and Plan of Merger (Service 1st Bancorp), Reorganization Agreement and Plan of Merger (Central Valley Community Bancorp)

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Regulatory Approvals and Other Conditions. To the Knowledge of Company Parent and Company Parent Bank, there is no reason relating specifically to Company Parent or any Company Parent Subsidiary why (a) the Required Regulatory Approvals should not be granted, (b) the Required Regulatory Approvals should be subject to a condition which would differ from conditions customarily imposed by such regulatory authorities in orders approving acquisitions of the type contemplated hereby or (c) any of the conditions precedent as specified in Article VI hereof to the obligations of any of the parties under this Agreement or to consummate the transactions contemplated thereby are unlikely to be fulfilled within the applicable time period or periods required for satisfaction of such condition or conditions.

Appears in 2 contracts

Samples: Reorganization Agreement and Plan of Merger (Central Valley Community Bancorp), Reorganization Agreement and Plan of Merger (Service 1st Bancorp)

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Regulatory Approvals and Other Conditions. To the Knowledge of Company Parent and Company Parent Bank, there is no reason relating specifically to Company Parent or any Company Parent Subsidiary why (a) the Required Regulatory Approvals should not be granted, (b) the Required Regulatory Approvals should be subject to a condition which would differ from conditions customarily imposed by such regulatory authorities in orders approving acquisitions of the type contemplated hereby or (c) any of the conditions precedent as specified in Article VI hereof to the obligations of any of the parties under this Agreement hereto to consummate the transactions contemplated thereby hereby are unlikely to be fulfilled within the applicable time period or periods required for satisfaction of such condition or conditions.

Appears in 1 contract

Samples: Merger Agreement (Placer Sierra Bancshares)

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