Common use of Regulatory Matters and Approvals Clause in Contracts

Regulatory Matters and Approvals. Each of the Parties will cooperate and use Commercially Reasonable Efforts to promptly prepare and file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to obtain all necessary Governmental Authorizations. Buyer shall file all requisite applications with the applicable Governmental Bodies no later than thirty (30) calendar days after the date of this Agreement (and shall use its Commercially Reasonable Efforts to file such applications not later than twenty (20) calendar days after the date of this Agreement); provided that Seller has supplied to Buyer all necessary Seller information required for such applications and Buyer shall have provided to Seller a copy of each such application (excluding confidential sections thereof) not less than three (3) Business Days prior to the date on which such application is to be filed. Buyer shall respond (and Seller shall assist Buyer in responding) to all requests for information from a Governmental Body in a timely manner and shall use their respective Commercially Reasonable Efforts to respond to any request within three (3) Business Days. Each of the Parties will (i) permit the other to review in advance and, to the extent practicable, will consult with the other Party on all characterizations of the information relating to the other Party which appear in any filing made with, or written materials submitted to, any Governmental Body in connection with the Acquisition; and (ii) consult with the other with respect to obtaining all Governmental Authorizations necessary or advisable to consummate the Acquisition (unless prohibited by the applicable Governmental Body) and will keep the other Party apprised of the status of matters relating to completion of the Acquisition. Each of the Parties will promptly furnish the other Party with copies of all written communications received by it, from, or delivered to, any Governmental Body in connection with and material to the Acquisition, except for any confidential portions thereof and shall update the other party on any non-written correspondence with Governmental Bodies relating to Governmental Authorizations.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Banks, Inc), Purchase and Assumption Agreement (Firstmerit Corp /Oh/)

AutoNDA by SimpleDocs

Regulatory Matters and Approvals. Each of the Parties parties will cooperate and use Commercially Reasonable Efforts commercially reasonable efforts to promptly prepare and file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to obtain all necessary authorizations of Governmental AuthorizationsAuthorities. Buyer Purchaser and Seller shall file all requisite applications as applicable to each of Purchaser and Seller with the applicable Governmental Bodies Authorities no later than thirty twenty-one (30) calendar days after the date of this Agreement (and shall use its Commercially Reasonable Efforts to file such applications not later than twenty (2021) calendar days after the date of this Agreement); provided provided, that Seller has supplied to Buyer Purchaser all necessary Seller information required for such applications and Buyer shall have provided Purchaser has supplied to Seller all necessary Purchaser information required for such applications. The parties shall provide each party with a copy of each such application (excluding confidential sections thereof) not less than three (3) Business Days days prior to the date on which such application is to be filed. Buyer Each party shall respond (and Seller shall assist Buyer each other in responding) to all requests for information from a Governmental Body Authority in a timely manner and shall use their respective Commercially Reasonable Efforts commercially reasonable efforts to respond to any request within three (3) Business Daysbusiness days. Each of the Parties parties will (i) permit the other to review in advance advance, and, to the extent practicable, will consult with the other Party party on all characterizations of of, the information relating to the such other Party party which appear appears in any filing made with, or written materials submitted to, any Governmental Body Authority in connection with the Acquisitiontransactions contemplated by this Agreement; and (ii) consult with the other with respect to obtaining all authorizations of Governmental Authorizations Authorities necessary or advisable to consummate the Acquisition (unless prohibited transactions contemplated by the applicable Governmental Body) this Agreement and will keep the other Party party apprised of the status of matters relating to completion of the Acquisitiontransactions contemplated by this Agreement. Each of the Parties parties will promptly furnish the other Party party with copies of all formal written communications received by it, from, or delivered to, any Governmental Body Authority in connection with and or material to the Acquisitiontransactions contemplated by this Agreement, except for any confidential portions thereof and shall update the other party on any non-written correspondence with Governmental Bodies relating to Governmental Authorizationsthereof.

Appears in 2 contracts

Samples: Branch Purchase and Assumption Agreement (Green Bancorp, Inc.), Branch Purchase and Assumption Agreement (Green Bancorp, Inc.)

Regulatory Matters and Approvals. Each of the Parties party will cooperate and use Commercially Reasonable Efforts to promptly prepare and file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to obtain all necessary Governmental AuthorizationsRegulatory Approvals. Buyer Each party shall file all requisite applications with the applicable Governmental Bodies Entities no later than thirty (30) calendar days after the date of this Agreement (and shall use its Commercially Reasonable Efforts to file such applications not later than twenty (20) 21 calendar days after the date of this Agreement); provided that Seller the non-filing party has supplied to Buyer filing party all necessary Seller non-filing party information required for such applications and Buyer the filing party shall have provided to Seller the non-filing party a copy of each such application (excluding confidential sections thereof) not less than three (3) Business Days prior to the date on which such application is to be filed. Buyer The filing party shall respond (and Seller the non-filing party shall assist Buyer the filing party in responding) to all requests for information from a Governmental Body Entity in a timely manner and shall use their respective Commercially Reasonable Efforts to respond to any request within three (3) Business Days. Each of the Parties parties will (ia) permit the other to review in advance and, to the extent practicable, will consult with the other Party party on all characterizations of the information relating to the other Party which party that appear in any filing made with, or written materials submitted to, any Governmental Body Entity in connection with the Acquisition; transactions contemplated hereby, except for any confidential portions thereof, and (iib) consult with the other with respect to obtaining all Governmental Authorizations Regulatory Approvals necessary or advisable to consummate the Acquisition transactions contemplated hereby (unless prohibited by the applicable Governmental BodyEntity) and will keep the other Party party apprised of the status of matters relating to completion of the Acquisitiontransactions contemplated hereby. Each of the Parties parties will promptly furnish the other Party party with copies of all written communications received by it, from, or delivered to, any Governmental Body Entity in connection with and material to the Acquisitiontransactions contemplated hereby, except for any confidential portions thereof and shall update the other party on any non-written correspondence with Governmental Bodies Entities relating to Governmental AuthorizationsRegulatory Approvals. Notwithstanding the foregoing, nothing contained herein shall require Buyer or any of its Affiliates to (x) take or commit to take any action that could limit its freedom of action with respect to, or its ability to retain, one or more of its businesses, product lines or assets or (y) litigate, pursue or defend against any administrative or judicial action or proceeding (including any proceeding seeking a temporary restraining order or preliminary injunction) challenging any of the transactions contemplated hereby. As used in this Agreement, “Regulatory Approvals” means the following approvals required to consummate the transactions contemplated hereby: the approval of the Office of the Comptroller of the Currency, the United States Department of Justice and the Missouri Division of Finance.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Mid Illinois Bancshares Inc)

AutoNDA by SimpleDocs

Regulatory Matters and Approvals. Each of the Parties will cooperate and use Commercially Reasonable Efforts commercially reasonable efforts to promptly prepare and file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to obtain all necessary Governmental Authorizations. Buyer shall file all requisite applications with the applicable Governmental Bodies no later than thirty (30) calendar days after the date of this Agreement (and shall use its Commercially Reasonable Efforts to file such applications not later than twenty (20) calendar days after the date of this Agreement); provided that Seller has supplied to Buyer all necessary Seller information required for such applications and Buyer shall have provided to Seller a copy of each such application (excluding confidential sections thereof) not less than three (3) Business Days prior to the date on which such application is to be filed. Buyer shall respond (and Seller shall assist Buyer in responding) to all requests for information from a Governmental Body in a timely manner and shall use their respective Commercially Reasonable Efforts commercially reasonable efforts to respond to any request within three (3) Business Days. Each of the Parties will (i) permit the other to review in advance and, to the extent practicable, will consult with the other Party on all characterizations of the information relating to the other Party which appear in any filing made with, or written materials submitted to, any Governmental Body in connection with the Acquisition; and (ii) consult with the other with respect to obtaining all Governmental Authorizations necessary or advisable to consummate the Acquisition (unless prohibited by the applicable Governmental Body) and will keep the other Party apprised of the status of matters relating to completion of the Acquisition. Each of the Parties will promptly furnish the other Party with copies of all written communications received by it, from, or delivered to, any Governmental Body in connection with and or material to the Acquisition, except for any confidential portions thereof and shall update the other party on any non-written correspondence with Governmental Bodies relating to Governmental Authorizations.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.