Common use of Restructuring Efforts Clause in Contracts

Restructuring Efforts. If either CrossFirst or Busey shall have failed to obtain the Requisite CrossFirst Vote or the Requisite Busey Vote at the duly convened CrossFirst Meeting or Busey Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transactions contemplated by this Agreement, including by merging CrossFirst into a newly created wholly owned subsidiary of Busey (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio or the amount or kind of the consideration to be issued to holders of the capital stock of CrossFirst as provided for in this Agreement, in a manner adverse to such party or its stockholders) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.15) to its stockholders for adoption or approval.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Crossfirst Bankshares, Inc.), Agreement and Plan of Merger (First Busey Corp /Nv/)

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Restructuring Efforts. If either CrossFirst CBTX or Busey Allegiance shall have failed to obtain the Requisite CrossFirst CBTX Vote or the Requisite Busey Allegiance Vote at the duly convened CrossFirst CBTX Meeting or Busey Allegiance Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transactions contemplated by this Agreement, including by merging CrossFirst into a newly created wholly owned subsidiary of Busey provided for herein (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio or the amount or kind of the consideration to be issued to holders of the capital stock of CrossFirst Allegiance as provided for in this Agreement, or any term that would have a material adverse effect on the Tax treatment of the transactions contemplated hereby, in a manner adverse to such party or its stockholdersshareholders) and/or resubmit this Agreement and/or and the transactions contemplated hereby (or as restructured pursuant to this Section 6.15) to its stockholders respective shareholders for adoption or approval.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (CBTX, Inc.), Agreement and Plan of Merger (Allegiance Bancshares, Inc.)

Restructuring Efforts. If either CrossFirst PACW or Busey BANC shall have failed to obtain the Requisite CrossFirst PACW Vote or the Requisite Busey BANC Vote at the duly convened CrossFirst PACW Meeting or Busey BANC Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transactions contemplated by this Agreement, including by merging CrossFirst into a newly created wholly owned subsidiary of Busey Agreement (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio or the amount or kind of the consideration to be issued or paid to holders of the capital stock of CrossFirst PACW as provided for in this AgreementAgreement or any term that would adversely affect the tax treatment of the transactions contemplated hereby, in a manner adverse to such party or its stockholders) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.156.16) to its stockholders for adoption or approval.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pacwest Bancorp), Agreement and Plan of Merger (Banc of California, Inc.)

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Restructuring Efforts. If either CrossFirst IBKC or Busey First Horizon shall have failed to obtain the Requisite CrossFirst IBKC Vote or the Requisite Busey First Horizon Vote at the duly convened CrossFirst IBKC Meeting or Busey First Horizon Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of -70- the transactions contemplated by provided for in this Agreement, including by merging CrossFirst into a newly created wholly owned subsidiary of Busey Agreement (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio or the amount or kind of the consideration to be issued to holders of the capital stock of CrossFirst IBKC as provided for in this Agreement, or any term that would adversely affect the tax treatment of the transactions contemplated hereby, in a manner adverse to such party or its stockholdersshareholders) and/or resubmit this Agreement and/or and the transactions contemplated hereby (or as restructured pursuant to this Section 6.156.17) to its stockholders respective shareholders for adoption or approval.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Horizon National Corp)

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