Common use of Significant Actions Clause in Contracts

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in either Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure. (g) compromise or settle any material claim asserted by or against the Company or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the Company or Bank; (i) change location of the principal office, or other facilities of the Company or Bank; (j) lend money on behalf of the Company or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx Xxxxxxxx agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the CompanyBank's Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the BankBoard's President and CEO)designee, which consent may be withheld in either the Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure. (g) compromise or settle any material claim asserted by or against the Company or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the Company or Bank; (i) change location of the principal office, or other facilities of the Company or Bank; (j) lend money on behalf of the Company or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the Company's Company CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx Ridenour agrees not to undertake, or authorize any other employee of the Company or Bank xx xxx Xompany to undertake, any of the following actions, except with the prior written consent of the Company's Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO)Board, which consent may be withheld in either Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank Banks of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or BankBanks; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank Banks or their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company or BankBanks, or the Company's or Bank's Banks' Articles of Incorporation, ByLawsBy Laws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank Banks except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank Banks to expend or incur liability or debt in excess of the approved Company or Bank Banks budgets for such expenditure. (g) compromise or settle any material claim asserted by or against the Company or BankBanks; (h) change the Company's or Bank's Banks' certified public accountants, law firms, or other professionals currently retained or utilized by the Company or BankBanks; (i) change location of the principal office, or other facilities of the Company or BankBanks; (j) lend money on behalf of the Company or BankBanks, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx Xxxxxxxx agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's Company Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in either Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoingforegoing except when acting within approved loan authorities; (d) change corporate purpose of the Company or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure. (g) compromise or settle any material claim asserted by or against the Company or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the Company or Bank; (i) change location of the principal office, or other facilities of the Company or Bank; (j) lend money on behalf of the Company or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx Xxxxxxxx agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO)President, which consent may be withheld in either Boardthe President's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or BankCompany; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or their its affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company or BankCompany, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure.; (g) compromise or settle any material claim asserted by or against the Company or BankCompany; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the Company or BankCompany; (i) change location of the principal office, or other facilities of the Company or BankCompany; (j) lend money on behalf of the Company or Bank, except routine transactions in the ordinary course of businessCompany; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, Xxxxxxxxx Xxxxxxx agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's Board (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in either Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure. (g) compromise or settle any material claim asserted by or against the Company or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the Company or Bank; (i) change location of the principal office, or other facilities of the Company or Bank; (j) lend money on behalf of the Company or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the Company's CEO.