Common use of SEC Filings and Shareholder Approval Clause in Contracts

SEC Filings and Shareholder Approval. (a) The Company shall take all action necessary in accordance with the PBCL and the Company Articles of Incorporation and the Company Bylaws to duly call, give notice of, convene and hold a meeting of its shareholders as promptly as practicable after the Form S-4 has been declared effective by the SEC for the purpose of obtaining the Company Shareholder Approval (such meeting or any adjournment or postponement thereof, the “Company Shareholders Meeting”). Subject to Section 6.9, the board of directors of the Company shall (i) recommend to the Company’s shareholders the approval of this Agreement and the transactions contemplated hereby, including the Merger (the “Company Board Recommendation”), (ii) include the Company Board Recommendation in the Proxy Statement and (iii) solicit and use its reasonable best efforts to obtain the Company Shareholder Approval. The Company agrees that it has an unqualified obligation to submit this Agreement to its shareholders at the Company Shareholders Meeting.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (S&t Bancorp Inc), Agreement and Plan of Merger (DNB Financial Corp /Pa/)

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SEC Filings and Shareholder Approval. (a) The Company shall take all action necessary in accordance with the PBCL GBCC and the Company Articles of Incorporation and the Company Bylaws to duly call, give notice of, convene and hold a meeting of its shareholders as promptly as practicable after the Form S-4 has been declared effective by the SEC for the purpose of obtaining the Company Requisite Shareholder Approval (such meeting or any adjournment or postponement thereof, the “Company Shareholders Meeting”). Subject to the provisions of Section 6.9, the board of directors of the Company shall (i) recommend to the Company’s shareholders the approval of this Agreement and the transactions contemplated hereby, including the Merger (the “Company Board Recommendation”), (ii) include the Company Board Recommendation in the Joint Proxy Statement and (iii) solicit and use its reasonable best efforts to obtain the Company Requisite Shareholder Approval. The Company agrees that it has an unqualified obligation to submit this Agreement to its shareholders at the Company Shareholders Meeting.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SCBT Financial Corp), Agreement and Plan of Merger (Savannah Bancorp Inc)

SEC Filings and Shareholder Approval. (a) The Company shall take all action necessary in accordance with the PBCL NCBCA and the Company Articles of Incorporation and the Company Bylaws to duly call, give notice of, convene and hold a meeting of its shareholders as promptly as practicable after the Form S-4 has been declared effective by the SEC for the purpose of obtaining the Company Shareholder Approval (such meeting or any adjournment or postponement thereof, the “Company Shareholders Meeting”). Subject to Section 6.9, the board of directors of the Company shall (i) recommend to the Company’s shareholders the approval of this Agreement and the transactions contemplated herebyTransactions, including the Merger (the “Company Board Recommendation”), (ii) include the Company Board Recommendation in the Joint Proxy Statement and (iii) solicit and use its reasonable best efforts to obtain the Company Shareholder Approval. The Company agrees that it has an unqualified obligation to submit this the Agreement to its shareholders at the Company Shareholders MeetingMeeting unless this Agreement has been terminated in accordance with its terms.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SOUTH STATE Corp), Agreement and Plan of Merger (Park Sterling Corp)

SEC Filings and Shareholder Approval. (a) The Company shall take all action necessary in accordance with the PBCL GBCC and the Company Articles of Incorporation and the Company Bylaws to duly call, give notice of, convene and hold a meeting of its shareholders as promptly as practicable after the Form S-4 has been declared effective by the SEC for the purpose of obtaining the Company Shareholder Approval (such meeting or any adjournment or postponement thereof, the “Company Shareholders Meeting”). Subject to Section 6.9, the board of directors of the Company shall (i) recommend to the Company’s shareholders the approval of this Agreement and the transactions contemplated hereby, including the Merger (the “Company Board Recommendation”), (ii) include the Company Board Recommendation in the Joint Proxy Statement and (iii) solicit and use its reasonable best efforts to obtain the Company Shareholder Approval. The Company agrees that it has an unqualified obligation to submit this Agreement to its shareholders at the Company Shareholders Meeting.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southeastern Bank Financial CORP)

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SEC Filings and Shareholder Approval. (a) The Company shall take all action necessary in accordance with the PBCL DGCL and the Company Articles Certificate of Incorporation and the Company Bylaws to duly call, give notice of, convene and hold a meeting of its shareholders stockholders as promptly as practicable after the Form S-4 has been declared effective by the SEC for the purpose of obtaining the Company Shareholder Stockholder Approval (such meeting or any adjournment or postponement thereof, the “Company Shareholders Stockholders Meeting”). Subject to Section 6.9, the board of directors of the Company shall (i) recommend to the Company’s shareholders stockholders the approval of this Agreement and the transactions contemplated hereby, including the Merger (the “Company Board Recommendation”), (ii) include the Company Board Recommendation in the Joint Proxy Statement and (iii) solicit and use its reasonable best efforts to obtain the Company Shareholder Stockholder Approval. The Company agrees that it has an unqualified obligation to submit this Agreement to its shareholders stockholders at the Company Shareholders Stockholders Meeting.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SCBT Financial Corp)

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