Common use of Stock and Cash Reserve Clause in Contracts

Stock and Cash Reserve. OFC agrees at all times from the date of this Agreement until the Merger Consideration has been paid in full to reserve a sufficient number of shares of its common stock and to maintain sufficient liquid accounts or borrowing capacity to fulfill its obligations under this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Greater Community Bancorp), Merger Agreement (Oritani Financial Corp.)

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Stock and Cash Reserve. OFC FFC agrees at all times from the date of this Agreement until the Merger Consideration has been paid in full to reserve a sufficient number of shares of its common stock FFC Common Stock and to maintain sufficient liquid accounts or borrowing capacity to fulfill its obligations under this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Flushing Financial Corp), Merger Agreement (Atlantic Liberty Financial Corp)

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