Common use of Shareholders’ Approvals Clause in Contracts

Shareholders’ Approvals. Each of CAVB and PNFP shall call a meeting of its shareholders to be held as soon as reasonably practicable for the purpose of voting upon proposals to adopt this Agreement and approve the Merger Agreement and the Merger, and each shall use its reasonable best efforts, to cause such meetings to occur as soon as reasonably practicable and on the same date. The Board of Directors of each of PNFP and CAVB shall use its reasonable best efforts (and subject to its fiduciary duty) to obtain from the shareholders of PNFP and CAVB, as the case may be, the vote in favor of the adoption of this Agreement required by the TBCA and PNFP's and CAVB's charter and bylaws, as the case may be to consummate the transactions contemplated hereby. Notwithstanding anything to the contrary herein, unless this Agreement has been terminated, this Agreement shall be submitted to the shareholders of CAVB and PNFP at such meeting for the purpose of obtaining the CAVB Shareholder Approval or PNFP Shareholder Approval, as the case may be, and voting on the approval and adoption of this Agreement and nothing contained herein shall be deemed to relieve CAVB and PNFP of such obligations.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pinnacle Financial Partners Inc), Agreement and Plan of Merger (Cavalry Bancorp Inc)

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Shareholders’ Approvals. Each of CAVB GCBS and PNFP CVBG shall call a meeting of its shareholders to be held as soon as reasonably practicable for the purpose of voting upon proposals to adopt this Agreement and approve the Merger Agreement and the Merger, and each shall use its reasonable best efforts, to cause such meetings to occur as soon as reasonably practicable and on the same datepracticable. The Board of Directors of each of PNFP GCBS and CAVB CVBG shall use its reasonable best efforts (and subject to its fiduciary duty) to obtain from the shareholders of PNFP GCBS and CAVBCVBG, as the case may be, the vote in favor of the adoption of this Agreement required by the TBCA and PNFPGCBS's and CAVBCVBG's charter and bylaws, as the case may be to consummate the transactions contemplated hereby. Notwithstanding anything to the contrary herein, unless this Agreement has been terminated, this Agreement shall be submitted to the shareholders of CAVB GCBS and PNFP CVBG at such meeting for the purpose of obtaining the CAVB CVBG Shareholder Approval or PNFP GCBS Shareholder Approval, as the case may be, and voting on the approval and adoption of this Agreement and nothing contained herein shall be deemed to relieve CAVB GCBS and PNFP CVBG of such obligations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Greene County Bancshares Inc)

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Shareholders’ Approvals. Each of CAVB GCBS and PNFP CVBG shall call a meeting of its shareholders to be held as soon as reasonably practicable for the purpose of voting upon proposals to adopt this Agreement and approve the Merger Agreement and the Merger, and each shall use its reasonable best efforts, to cause such meetings to occur as soon as reasonably practicable and on the same datepracticable. The Board of Directors of each of PNFP GCBS and CAVB CVBG shall use its reasonable best efforts (and subject to its fiduciary duty) to obtain from the shareholders of PNFP GCBS and CAVBCVBG, as the case may be, the vote in favor of the adoption of this Agreement required by the TBCA and PNFP's GCBS’s and CAVB's CVBG’s charter and bylaws, as the case may be to consummate the transactions contemplated hereby. Notwithstanding anything to the contrary herein, unless this Agreement has been terminated, this Agreement shall be submitted to the shareholders of CAVB GCBS and PNFP CVBG at such meeting for the purpose of obtaining the CAVB CVBG Shareholder Approval or PNFP GCBS Shareholder Approval, as the case may be, and voting on the approval and adoption of this Agreement and nothing contained herein shall be deemed to relieve CAVB GCBS and PNFP CVBG of such obligations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Civitas Bankgroup Inc)

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