Common use of Undisclosed Liabilities; Adverse Changes Clause in Contracts

Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 of the MNB Book of Schedules, neither MNB nor any MNB Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MNB Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 of the MNB Book of Schedules, or are of a type described in Section 4.18, but not included in Schedule 4.18 of the MNB Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 of the MNB Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on MNB on a consolidated basis. Since the date of the latest MNB Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MNB or any MNB Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MNB on a consolidated basis.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Landmark Bancshares Inc)

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Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 5.12 of the MNB LBI Book of Schedules, neither MNB LBI nor any MNB LBI Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MNB LBI Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 5.18 of the MNB LBI Book of Schedules, or are of a type described in Section 4.185.18, but not included in Schedule 4.18 5.18 of the MNB LBI Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 5.18 of the MNB LBI Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on MNB LBI on a consolidated basis. Since the date of the latest MNB LBI Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MNB LBI or any MNB LBI Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MNB LBI on a consolidated basis.. Section 5.13

Appears in 1 contract

Samples: Agreement and Plan of Merger (MNB Bancshares Inc)

Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 of the MNB Book of Schedules, neither MNB nor any MNB Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MNB Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 of the MNB Book of Schedules, or are of a type described in Section 4.18, but not included in Schedule 4.18 of the MNB Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 of the MNB Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on MNB on a consolidated basis. Since the date of the latest MNB Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MNB or any MNB Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MNB on a consolidated basis.. Section 4.13

Appears in 1 contract

Samples: Agreement and Plan of Merger (MNB Bancshares Inc)

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Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 5.12 of the MNB LBI Book of Schedules, neither MNB LBI nor any MNB LBI Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MNB LBI Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 5.18 of the MNB LBI Book of Schedules, or are of a type described in Section 4.185.18, but not included in Schedule 4.18 5.18 of the MNB LBI Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 5.18 of the MNB LBI Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on MNB LBI on a consolidated basis. Since the date of the latest MNB LBI Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MNB LBI or any MNB LBI Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MNB LBI on a consolidated basis.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Landmark Bancshares Inc)

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