Common use of Absence of Control Clause in Contracts

Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of Acquiror, Acquisition Bank or Seller by reason of this Agreement shall be deemed (until consummation of the Contemplated Transactions) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Level One Bancorp Inc)

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Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of Acquiror, Acquisition AB&T, TrustBank or the Bank or Seller by reason of this Agreement shall be deemed (until consummation of the Contemplated TransactionsMerger and the Branch Sale) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Heartland Financial Usa Inc)

Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of Acquiror, Acquisition Merger Sub or Acquiror Bank or Seller by reason of this Agreement shall be deemed (until consummation of the Contemplated Transactions) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Midland States Bancorp, Inc.)

Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of AcquirorLandmark, Acquisition the Bank or Seller Wellsville by reason of this Agreement shall be deemed (until consummation of the Contemplated TransactionsMerger) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

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

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Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of Acquiror, Acquisition Bank Corp or Seller Lotus by reason of this Agreement shall be deemed (until consummation of the Contemplated Transactions) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Level One Bancorp Inc)

Absence of Control. Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of AcquirorLandmark, Acquisition the Bank or Seller First Capital by reason of this Agreement shall be deemed (until consummation of the Contemplated TransactionsMerger) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.

Appears in 1 contract

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

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