Common use of Termination of the Merger Clause in Contracts

Termination of the Merger. If any condition in Section 4.1 has not been fulfilled, or, in the opinion of a majority of the Board of Directors of any of the parties: (a) any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger which makes consummation of the merger inadvisable; or (b) for any other reason consummation of the merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholders.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (CU Bancorp), Agreement and Plan of Merger (CU Bancorp), Merger Agreement (CU Bancorp)

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Termination of the Merger. If any condition in Section Paragraph 4.1 has not been fulfilled, or, if in the opinion of a majority of the Board of Directors of any of the parties: (a) a. any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger which makes consummation of the merger inadvisable; or (b) b. for any other reason consummation of the merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholdersshareholders, except as provided in Section 4.3 hereof.

Appears in 2 contracts

Samples: Plan of Reorganization and Merger Agreement (Humboldt Bancorp), Plan of Reorganization and Merger Agreement (Mission Bancorp)

Termination of the Merger. If any condition in Section 4.1 has not been fulfilled, or, in the opinion of a majority of the Board of Directors of any of the parties: (a) any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger Merger which makes consummation of the merger Merger inadvisable; or (b) for any other reason consummation of the merger Merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the merger Merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholders.

Appears in 1 contract

Samples: Merger Agreement (First Choice Bancorp)

Termination of the Merger. If any condition in Section 4.1 hereof has not been fulfilledfulfilled with respect to the Merger, or, if in the opinion of a majority of the Board of Directors of any of the parties: (aA) any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger Merger which makes consummation of the merger Merger inadvisable; or (bB) for any other reason consummation of the merger Merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the merger Merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholders.their

Appears in 1 contract

Samples: Plan of Reorganization and Merger Agreement (Bancorp Rhode Island Inc)

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Termination of the Merger. If any condition in Section 4.1 has not been fulfilled, or, if in the opinion of a majority of the Board of Directors of any of the parties: (a) any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger Merger which makes consummation of the merger Merger inadvisable; or (b) for any other reason consummation of the merger Merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the merger Merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholdersshareholders, except as provided in Section 4.3 hereof.

Appears in 1 contract

Samples: Plan of Reorganization and Merger Agreement (Infinity Bancorp)

Termination of the Merger. If any condition in Section Paragraph 4.1 has not been fulfilledfulfilled with respect to the Merger, or, if in the opinion of a majority of the Board of Directors of any of the parties: (a) a. any action, suit, proceeding or claim has been instituted, made or threatened relating to the proposed merger Merger which makes consummation of the merger such Merger inadvisable; or (b) b. for any other reason consummation of the merger such Merger is deemed inadvisable; then this Merger Agreement may be terminated at any time before the such merger becomes effective. Upon termination, this Merger Agreement shall be void and of no further effect, and there shall be no liability by reason of this Merger Agreement or the termination thereof on the part of the parties or their respective directors, officers, employees, agents or stockholdersshareholders, except as provided in Section 4.3 hereof.

Appears in 1 contract

Samples: Merger Agreement (Humboldt Bancorp)

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