Common use of Securityholder Litigation Clause in Contracts

Securityholder Litigation. Each Party shall keep the other Party reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this Agreement. Each Party shall give the other Party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Party’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Carolina Financial Corp), Agreement and Plan of Merger (Carolina Financial Corp), Agreement and Plan of Merger (United Bankshares Inc/Wv)

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Securityholder Litigation. Each Party party shall keep the other Party party reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party party shall give the other Party party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Partyparty’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp /Mi/), Agreement and Plan of Merger (Monarch Community Bancorp Inc), Agreement and Plan of Merger (Old National Bancorp /In/)

Securityholder Litigation. Each Party party shall keep the other Party parties reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party party shall give the other Party party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Party’s party's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Chemical Financial Corp), Agreement and Plan of Merger (United Bancorp Inc /Mi/), Agreement and Plan of Merger (Firstbank Corp)

Securityholder Litigation. Each Party party shall keep the other Party parties reasonably informed with respect to the defense or settlement of any securityholder Action against it or and its directors or officers relating to the Merger or the other transactions contemplated by this AgreementMerger. Each Party party shall give the other Party parties the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Partyparty’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Nash Finch Co), Agreement and Plan of Merger (Nash Finch Co), Agreement and Plan of Merger (Spartan Stores Inc)

Securityholder Litigation. Each Party party shall keep the other Party parties reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party party shall give the other Party party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Partyparty’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Old National Bancorp /In/), Agreement and Plan of Merger (Mercantile Bank Corp)

Securityholder Litigation. Each Party shall party will keep the other Party party reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party shall party will give the other Party party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall will not settle any such Action without the other Party’s party's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc), Agreement and Plan of Merger (Choiceone Financial Services Inc)

Securityholder Litigation. Each Party party shall give prompt notice of and keep the other Party party reasonably informed with respect to the threat, filing, defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party party shall give the other Party party the opportunity to consult with it regarding participate (at its own expense) in the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Partyparty’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc)

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Securityholder Litigation. Each Party party shall give prompt notice of and keep the other Party party reasonably informed with respect to the threat, filing, defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party Company shall give the other Party Purchaser the opportunity to consult with it regarding participate (at its own expense) in the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Party’s Purchaser's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Macatawa Bank Corp)

Securityholder Litigation. Each Party party shall give prompt notice of and keep the other Party party reasonably informed with respect to the threat, filing, defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party Company shall give the other Party Purchaser the opportunity to consult with it regarding participate (at its own expense) in the defense or settlement of any such securityholder Action and shall not settle any such Action without the other PartyPurchaser’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

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

Securityholder Litigation. Each Party party shall keep the other Party party reasonably informed with respect to the defense or settlement of any securityholder Action against it or its directors or officers relating to the Merger or the other transactions contemplated by this AgreementPlan of Merger. Each Party party shall give the other Party party the opportunity to consult with it regarding the defense or settlement of any such securityholder Action and shall not settle any such Action without the other Party’s party's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

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

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