Common use of Short-Swing Trading Exemption Clause in Contracts

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of ONB shall adopt such resolutions as necessary to cause any shares of ONB Common Stock to be received by executive officers and directors of Monroe as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the 0000 Xxx.

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of ONB shall adopt such resolutions as necessary to cause any shares of ONB Common Stock to be received by executive officers and directors of Monroe TFC as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the 0000 Xxx.

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of ONB shall adopt such resolutions as necessary to cause any shares of ONB Common Stock to be received by executive officers and directors of Monroe LSB as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the 0000 Xxx.

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of ONB shall adopt such resolutions as necessary to cause any shares of ONB Common Stock to be received by executive officers and directors of Monroe ICB as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the 0000 Xxx.

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of ONB shall adopt such resolutions as necessary to cause any shares of ONB Common Stock to be received by executive officers and directors of Monroe Anchor as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the 0000 Xxx.