Common use of Restructuring Efforts Clause in Contracts

Restructuring Efforts. If either PACW or BANC shall have failed to obtain the Requisite PACW Vote or the Requisite BANC Vote at the duly convened PACW Meeting or 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 (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 PACW 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 stockholders) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.16) to its stockholders for adoption or approval.

Restructuring Efforts. If either PACW CBTX or BANC Allegiance shall have failed to obtain the Requisite PACW CBTX Vote or the Requisite BANC Allegiance Vote at the duly convened PACW CBTX Meeting or BANC 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 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 or paid to holders of the capital stock of PACW Allegiance as provided for in this Agreement Agreement, or any term that would adversely affect have a material adverse effect on the tax 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 6.166.15) to its stockholders respective shareholders for adoption or approval.