Common use of Regulatory Approvals and Standards Clause in Contracts

Regulatory Approvals and Standards. (a) Purchaser will use its commercially reasonable efforts to obtain as expeditiously as possible the Regulatory Approvals and will file within thirty (30) days after the execution of this Agreement all necessary applications of Purchaser to obtain the Regulatory Approvals, provided that Seller and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basis. Purchaser will supply to Seller and Parent, at least two Business Days prior to filing, copies of all proposed regulatory applications and filings (other than confidential portions thereof) and will give due consideration to all reasonable additions, deletions or changes suggested by Seller, Parent or their counsel. As of the Closing Date, Purchaser will satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining or necessary to comply with the Regulatory Approvals. Purchaser shall pay any fees charged by any Governmental Authorities to which it must apply to obtain any of the Regulatory Approvals. Purchaser shall take no action which would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one Business Day following notice) of any significant development with respect to any application or notice Purchaser files with any Governmental Authority in connection with the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Bar Harbor Bankshares)

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Regulatory Approvals and Standards. (a) Purchaser will use its commercially reasonable efforts to obtain as expeditiously as possible the Purchaser Regulatory Approvals and SBA Consents and will file within thirty sixty (3060) days after the execution of this Agreement all necessary applications of Purchaser to obtain the Purchaser Regulatory Approvals, provided that Seller Approvals and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basisSBA Consents. Purchaser will supply to Seller and ParentSeller, at least two five (5) Business Days prior to filing, copies of all proposed regulatory applications and filings (other than confidential portions thereof) and will give due consideration use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any comments of Seller in such filings. As of the Closing Date, Purchaser will satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining or necessary to comply with the Purchaser Regulatory ApprovalsApprovals and the SBA Consents. Purchaser shall pay any fees charged by any Governmental Authorities governmental authorities to which it must apply to obtain any of the Purchaser Regulatory ApprovalsApprovals or the SBA Consents. Purchaser shall take no action which would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one (1) Business Day following notice) of any significant development with respect to any application or notice Purchaser files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Enterprise Bancorp Inc /Ma/)

Regulatory Approvals and Standards. (a) Purchaser will use its commercially reasonable efforts to obtain as expeditiously as possible the Regulatory Approvals and will use its commercially reasonable efforts to file within fifteen (15) calendar days, and in no event later than thirty (30) days calendar days, after the execution of this Agreement all necessary applications of Purchaser to obtain the Regulatory Approvals, provided that Seller and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basis. Purchaser will use its best efforts to supply to Seller and ParentSeller, at least two (2) Business Days prior to filing, copies of all proposed regulatory applications and filings (other than confidential portions thereof) and will give due consideration use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any comments of Seller in such filings. As of the Closing Date, Purchaser will satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining or necessary to comply with the Regulatory Approvals. Purchaser shall pay any fees charged by any Governmental Authorities governmental authorities to which it must apply to obtain any of the Regulatory Approvals. Purchaser shall take no action which would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one Business Day following notice) of any significant development with respect to any application or notice Purchaser files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Greater Atlantic Financial Corp)

Regulatory Approvals and Standards. (a) Purchaser will and Parent shall use its their respective commercially reasonable efforts to obtain as expeditiously as possible the Regulatory Approvals and will SBA Consents and shall file within thirty fifteen (3015) days Business Days after the execution of this Agreement all necessary applications applications, notices or other filings of Purchaser and Parent to obtain the Regulatory Approvals, provided that Seller Approvals and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basisSBA Consents. Purchaser will supply shall provide to Seller and ParentSeller, at least two five (5) Business Days prior to filing, copies of all proposed draft regulatory applications applications, notices and other filings (other than confidential portions thereof) and will give due consideration shall use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any comments of Seller in such filings. As of the Closing DateClosing, Purchaser will and Parent shall each satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining obtaining, or necessary to comply with with, the Regulatory ApprovalsApprovals and the SBA Consents. Purchaser or Parent shall pay any fees charged by any Governmental Authorities governmental authorities to which it they must apply to obtain any of the Regulatory ApprovalsApprovals or the SBA Consents. Neither Purchaser nor Parent shall take no any action which that would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one (1) Business Day following notice) of any significant development with respect to any application application, notice or notice other filing Purchaser or Parent files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Old National Bancorp /In/)

Regulatory Approvals and Standards. (a) Purchaser will and Parent shall use its their respective commercially reasonable efforts to obtain as expeditiously as possible the Regulatory Approvals and will SBA Consents and shall file within thirty fifteen (3015) days Business Days after the execution of this Agreement all necessary applications applications, notices or other filings of Purchaser and Parent to EXECUTION COPY obtain the Regulatory Approvals, provided that Seller Approvals and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basisSBA Consents. Purchaser will supply shall provide to Seller and ParentSeller, at least two five (5) Business Days prior to filing, copies of all proposed draft regulatory applications applications, notices and other filings (other than confidential portions thereof) and will give due consideration shall use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any comments of Seller in such filings. As of the Closing DateClosing, Purchaser will and Parent shall each satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining obtaining, or necessary to comply with with, the Regulatory ApprovalsApprovals and the SBA Consents. Purchaser or Parent shall pay any fees charged by any Governmental Authorities governmental authorities to which it they must apply to obtain any of the Regulatory ApprovalsApprovals or the SBA Consents. Neither Purchaser nor Parent shall take no any action which that would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one (1) Business Day following notice) of any significant development with respect to any application application, notice or notice other filing Purchaser or Parent files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bank System Inc)

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Regulatory Approvals and Standards. (a) Purchaser will use its commercially reasonable efforts to obtain as expeditiously as possible the Purchaser Regulatory Approvals and SBA Consents. Purchaser filed by September 30, 1999 all necessary initial applications of Purchaser to obtain the Purchaser Regulatory Approvals and will file obtain the Purchaser Regulatory Approvals on or before February 28, 2000. Purchaser filed within thirty sixty (3060) days after the execution of this the Original Agreement all necessary applications of Purchaser to obtain the Regulatory Approvals, provided that Seller and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basisSBA Consents. Purchaser will supply to Seller and ParentSellers, at least two five (5) Business Days prior to filing, copies of all proposed regulatory applications and filings (other than the confidential portions thereof) and will give due consideration use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any material comments of Sellers in such filings. As of the each Closing Date, Purchaser will satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining or necessary to comply with the Purchaser Regulatory ApprovalsApprovals and the SBA Consents. Purchaser shall pay any fees charged by any Governmental Authorities governmental authorities to which it must apply to obtain any of the Purchaser Regulatory ApprovalsApprovals or the SBA Consents. Purchaser shall take no action which would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent Sellers promptly (and in no event later than one Business Day twenty-four (24) hours following notice) of any significant development with respect to any application or notice Purchaser files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sovereign Bancorp Inc)

Regulatory Approvals and Standards. (a) Purchaser will use its commercially reasonable efforts to obtain as expeditiously as possible the Regulatory Approvals and will file within thirty fifteen (3015) business days after the execution of this Agreement and the provision of required information from Seller all necessary applications of Purchaser to obtain the Regulatory Approvals, provided that Seller and Parent delivers any information required of Seller and Parent necessary for and requested by Purchaser to complete such applications on a timely basis. Purchaser will supply to Seller and ParentSeller, at least two Business Days prior to filing, copies of all proposed regulatory applications and filings (other than confidential portions thereof) and will give due consideration use reasonable efforts to all reasonable additions, deletions or changes suggested by Seller, Parent or their counselreflect any comments of Seller in such filings. As of the Closing Date, Purchaser will satisfy any and all of the standards and requirements reasonably within its control imposed as a condition to obtaining or necessary to comply with the Regulatory Approvals. Purchaser shall pay any fees charged by any Governmental Authorities governmental authorities to which it must apply to obtain any of the Regulatory Approvals. Purchaser shall take no action which would adversely affect or delay the ability of any other party hereto to obtain any Regulatory Approval or to perform its covenants and agreements under this Agreement. Purchaser shall notify Seller and Parent promptly (and in no event later than one Business Day following notice) of any significant development with respect to any application or notice Purchaser files with any Governmental Authority governmental authority in connection with the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bar Harbor Bankshares)

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