Common use of Financial Resources Clause in Contracts

Financial Resources. Buyer has the financial wherewithal and has, or will have prior to the Effective Time, sufficient internal funds to perform its obligations under this Agreement. Buyer and Buyer Bank are, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over them.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Carnegie Financial Corp /Pa/), Agreement and Plan of Merger (SFS Bancorp Inc), Agreement and Plan of Merger (Pennwood Bancorp Inc)

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Financial Resources. Buyer has the financial wherewithal and has, or will have prior to the Effective Time, sufficient internal cash funds to pay the aggregate Merger Consideration and perform its obligations under this Agreement. Buyer and Buyer Bank are, and will be immediately following the Merger, is in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over themit.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (National Bancshares Corp /Oh/), Agreement and Plan of Merger (Peoples Financial Corp \Oh\)

Financial Resources. Buyer has the financial wherewithal and haswherewithal, whether by using its internal funds, external financing, or will have prior to the Effective Timeboth, sufficient internal funds to perform its obligations under this Agreement. Buyer and Buyer Bank its subsidiaries are, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations criteria of state and federal banking agencies having jurisdiction over them.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tarpon Coast Bancorp Inc), Agreement and Plan of Merger (First Busey Corp /Nv/)

Financial Resources. Buyer has and Buyer Bank have the financial wherewithal and hashave, or will have prior to the Effective Time, sufficient internal funds to perform its their respective obligations under this Agreement. Buyer and Buyer Bank are, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over them.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Potters Financial Corp), Agreement and Plan of Merger (United Community Financial Corp)

Financial Resources. Buyer Purchaser has the financial wherewithal and has, or will have prior to the Effective Time, sufficient internal funds to perform its obligations under this Agreement. Buyer Purchaser and Buyer Purchaser Bank are, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over them.. (l)

Appears in 1 contract

Samples: Agreement and Plan (CBCT Bancshares Inc)

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Financial Resources. Buyer has the financial wherewithal and has, or will have prior to the Effective Time, sufficient internal funds to perform its obligations under this Agreement. Buyer and Buyer Bank are, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over them.

Appears in 1 contract

Samples: Agreement and Plan of Merger (East Texas Financial Services Inc)

Financial Resources. Buyer has the financial wherewithal and has, or will have prior to the Effective Time, sufficient internal funds to perform its obligations under this Agreement. Buyer , and Buyer Bank are(together with Buyer’s subsidiaries) will be, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial regulations of state and federal banking agencies having jurisdiction over themjurisdiction.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citizens First Bancorp Inc)

Financial Resources. Buyer has the financial wherewithal funds which are sufficient and has, or will have prior to the Effective Time, sufficient internal funds available to perform its obligations under this Agreement. , and Buyer and Buyer Bank arewill be, and will be immediately following the Merger, in material compliance with all applicable capital, debt and financial and non-financial capital regulations of state and federal banking agencies having jurisdiction over themjurisdiction.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wayne Savings Bancshares Inc /De/)

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