Common use of Shareholder Litigation Clause in Contracts

Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 4 contracts

Samples: Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Camco Financial Corp)

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Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense or and/or settlement of any such litigation. In addition, no settlement of any such settlement shareholder litigation shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 4 contracts

Samples: Merger Agreement (Emclaire Financial Corp), Merger Agreement (Emclaire Financial Corp), Merger Agreement (Cortland Bancorp Inc)

Shareholder Litigation. The Company shall give Purchaser prompt notice Buyer the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Agreement, and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without PurchaserBuyer’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Merger Agreement (People's United Financial, Inc.), Merger Agreement (LSB Corp)

Shareholder Litigation. The Company shall give Purchaser prompt notice the opportunity to participate at Purchaser’s own expense in the defense or settlement of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Agreement, and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld withheld, conditioned or delayed).

Appears in 2 contracts

Samples: Merger Agreement (First Community Bankshares Inc /Va/), Merger Agreement (First Community Bankshares Inc /Va/)

Shareholder Litigation. The Company shall give Purchaser prompt notice the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Transactions, and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed)consent.

Appears in 2 contracts

Samples: Share Exchange Agreement (Res Care Inc /Ky/), Share Exchange Agreement (Res Care Inc /Ky/)

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Shareholder Litigation. Company shall give Purchaser prompt notice the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Agreement, and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Merger Agreement (Whitney Holding Corp), Merger Agreement (Hancock Holding Co)

Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense or settlement of any such litigation. In addition, no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/)

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