Examples of Prior Merger Agreement in a sentence
This Bank Merger Agreement shall terminate upon the termination of the Prior Merger Agreement in accordance with its terms.
In connection with such termination, the Company will pay, in accordance with Section 10.2(b) of the Prior Merger Agreement, to Hollywood Merger Corporation not more than $4,000,000 in full satisfaction of amounts owed by the Company under the Prior Merger Agreement to any party thereto or any member of management of the Company that was to participate in the transactions contemplated by the Prior Merger Agreement.
The Prior Merger Agreement was terminated in accordance with the provisions of Section 10.1(f) thereof and the Board of Directors of the Company and the Special Committee has each withdrawn its recommendation of the approval of the Prior Merger Agreement by the Company Shareholders.
The termination of the Prior Merger Agreement has been duly authorized by the Company and the Board of Directors of the Company has determined that this Agreement, the Offer and the Merger, constitute a Superior Proposal under the Prior Merger Agreement.
Simultaneous with the termination of the Prior Merger Agreement, also terminated pursuant to their terms were the previously announced (i) rollover commitment letter among Vincent C.