Common use of Regulatory Examinations Clause in Contracts

Regulatory Examinations. (a) Except for normal examinations conducted by a regulatory agency in the Ordinary Course of Business, no regulatory agency has initiated any proceeding or investigation into the business or operations of DBC or any of the DBC Subsidiaries. Neither DBC nor any of the DBC Subsidiaries have received any objection from any regulatory agency to DBC's or any of the DBC Subsidiaries' response to any violation, criticism or exception with respect to any report or statement relating to any examinations of DBC and any of the DBC Subsidiaries which would have a materially adverse effect on DBC and any of the DBC Subsidiaries on a consolidated basis. (b) Neither DBC nor any of the DBC Subsidiaries are required to divest any assets currently held by it or discontinue any activity currently conducted as a result of the Federal Deposit Insurance Corporation Improvement Act of 1991, any regulations promulgated thereunder, or otherwise which would have a materially adverse effect on DBC and any of the DBC Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Merger Agreement (Drovers Bancshares Corp), Merger Agreement (Fulton Financial Corp)

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Regulatory Examinations. (a) Except for normal examinations conducted by a regulatory agency in the Ordinary Course of Business, no regulatory agency has initiated any proceeding or investigation into the business or operations of DBC SFC or any of the DBC SFC Subsidiaries. Neither DBC SFC nor any of the DBC SFC Subsidiaries have received any objection from any regulatory agency to DBCSFC's or any of the DBC SFC Subsidiaries' response to any violation, criticism or exception with respect to any report or statement relating to any examinations of DBC SFC and any of the DBC SFC Subsidiaries which would have a materially adverse effect on DBC SFC and any of the DBC SFC Subsidiaries on a consolidated basis. (b) Neither DBC SFC nor any of the DBC SFC Subsidiaries are required to divest any assets currently held by it or discontinue any activity currently conducted as a result of the Federal Deposit Insurance Corporation Improvement Act of 1991, any regulations promulgated thereunder, or otherwise which would have a materially adverse effect on DBC SFC and any of the DBC SFC Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Merger Agreement (Skylands Financial Corp), Merger Agreement (Fulton Financial Corp)

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