REPRESENTATIONS AND WARRANTIES OF CZFS, CZFSAC AND FCCB. As a material inducement to HVBC to enter into this Agreement and to consummate the transactions contemplated hereby, CZFS, CZFSAC and FCCB hereby make to HVBC and HVB the representations and warranties contained in this Article IV, provided, however, that CZFS shall not be deemed to have breached a representation or warranty as a consequence of the existence of any fact, event or circumstance unless such fact, circumstance or event, individually or taken together with all other facts, events or circumstances inconsistent with any representation or warranty contained in this Article IV, has had or is reasonably likely to have, a Material Adverse Effect (disregarding for purposes of this proviso any materiality or Material Adverse Effect qualification or exception contained in any representation or warranty). Notwithstanding the immediately preceding sentence, the representations and warranties contained in (x) Section 4.04 shall be deemed untrue and incorrect if not true and correct except to a de minimis extent, (y) Section 4.02, 4.05, 4.06, 4.07, 4.13(a), 4.14, and 4.21 shall be deemed untrue and incorrect if not true and correct in all material respects and (z) Section 4.09 shall be deemed untrue and incorrect if not true and correct in all respects.
REPRESENTATIONS AND WARRANTIES OF CZFS, CZFSAC AND FCCB. 27 Section 4.01 Making of Representations and Warranties 28 Section 4.02 Organization, Standing and Authority of CZFS and CZFSAC 28 Section 4.03 Organization, Standing and Authority of FCCB 28 Section 4.04 CZFS 28 Section 4.05 Subsidiaries 29 Section 4.06 Corporate Power; Minute Books 29 Section 4.07 Execution and Delivery 29 Section 4.08 Regulatory Approvals; No Defaults 29 Section 4.09 Absence of Certain Changes or Events 30 Section 4.10 SEC Documents; Financial Statements; and Financial Controls and Procedures 30 Section 4.11 Regulatory Matters 31 Section 4.12 Legal Proceedings 32 Section 4.13 Compliance With Laws 32 Section 4.14 Brokers 33 Section 4.15 Employee Benefit Plans. 33 Section 4.16 Labor Matters 34 Section 4.17 Tax Matters 34 Section 4.18 Loans; Nonperforming Assets. 35 Section 4.19 Deposit Insurance 35 Section 4.20 CZFS Stock 36 Section 4.21 Antitakeover Provisions 36 Section 4.22 Proxy Statement/Prospectus 36 Section 4.23 Environmental Matters 36 Section 4.24 Available Funds.. 36 Section 4.25 Disclosure 36 ARTICLE V COVENANTS 36 Section 5.01 Covenants of HVBC 36 Section 5.02 Covenants of CZFS 40 Section 5.03 Reasonable Best Efforts 41 Section 5.04 Shareholder Approval 41 Section 5.05 Merger Registration Statement; Proxy Statement/Prospectus 41 Section 5.06 Cooperation and Information Sharing 42 Section 5.07 Supplements or Amendment 42 Section 5.08 Regulatory Approvals 42 Section 5.09 Press Releases 43 Section 5.10 Access; Information 43 Section 5.11 No Solicitation by HVBC 43 Section 5.12 Certain Policies 45
