Common use of Access to Properties; Personnel and Records Clause in Contracts

Access to Properties; Personnel and Records. (a) For so long as this Agreement shall remain in effect, CENIT, CENIT Bank and their respective subsidiaries shall permit SouthTrust or its agents full access, during normal business hours and upon reasonable notice, to the properties of CENIT, CENIT Bank and their respective subsidiaries, and shall disclose and make available (together with the right to copy) to SouthTrust and to its internal auditors, loan review officers, attorneys, accountants and other representatives, all books, papers and records relating to the assets, stock, properties, operations, obligations and liabilities of CENIT or CENIT Bank, including all books of account (including the general ledger), tax records, minute books of directors' and shareholders' meetings, organizational documents, bylaws, contracts and agreements, filings with any regulatory agency, examination reports, correspondence with regulatory or taxing authorities, documents relating to assets, titles, abstracts, appraisals, consultant's reports, plans affecting employees, securities transfer records and stockholder lists, and any other assets, business activities or prospects in which SouthTrust may have a reasonable interest, and CENIT, CENIT Bank and their respective subsidiaries shall use their reasonable best efforts to provide SouthTrust and its representatives access to the work papers of CENIT's and CENIT subsidiaries' accountants. CENIT, CENIT Bank and their respective subsidiaries shall not be required to provide access to or to disclose information where such access or disclosure would violate or prejudice the rights of any customer, would contravene any law, rule, regulation, order or judgment, would violate any fiduciary obligations or duties of the officers or directors of CENIT or CENIT Bank or would violate any confidentiality agreement; provided that CENIT, CENIT Bank and their respective subsidiaries shall cooperate with SouthTrust in seeking to obtain Consents from appropriate parties under whose rights or authority access is otherwise restricted. The foregoing rights granted to SouthTrust shall not, whether or not and regardless of the extent to which the same are exercised, affect the representations and warranties made in this Agreement by CENIT, CENIT Bank and their respective subsidiaries.

Appears in 1 contract

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

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Access to Properties; Personnel and Records. (a) For so So long as this Agreement shall remain in effect, CENIT, CENIT Bank and their respective subsidiaries Xxxxx shall permit SouthTrust USB or its agents full access, during normal business hours and upon reasonable noticehours, to the properties of CENIT, CENIT Bank and their respective subsidiariesXxxxx, and shall disclose and make available (together with the right to copy) to SouthTrust USB and to its internal auditors, loan review officers, attorneys, accountants and other representatives, all books, papers and records relating to the assets, stock, properties, operations, obligations and liabilities of CENIT or CENIT BankXxxxx, including all books of account (including the general ledger), tax records, minute books of directors' and shareholders' meetings, organizational documents, bylaws, contracts and agreements, filings with any regulatory agency, examination reports, correspondence with regulatory or taxing authorities, documents relating to assets, titles, abstracts, appraisals, consultant's reports, plans affecting employees, securities transfer records and stockholder lists, and any other assets, business activities or prospects in which SouthTrust USB may have a reasonable interest, and CENIT, CENIT Bank and their respective subsidiaries Xxxxx shall use their its reasonable best efforts to provide SouthTrust USB and its representatives access to the work papers of CENITBrent's and CENIT subsidiaries' accountants. CENIT, CENIT Bank and their respective subsidiaries Xxxxx shall not be required to provide access to or to disclose information where such access or disclosure would violate or prejudice the rights of any customer, would contravene any law, rule, regulation, order or judgment, would violate any fiduciary obligations or duties of the officers or directors of CENIT or CENIT Bank judgment or would violate any confidentiality agreement; provided that CENITXxxxx shall cooperate, CENIT Bank and their respective subsidiaries shall cooperate to the extent it does not incur undue cost, with SouthTrust USB in seeking to obtain Consents from appropriate parties under whose rights or authority access is otherwise restricted. The foregoing rights granted to SouthTrust USB shall not, whether or not and regardless of the extent to which the same are exercised, affect the representations and warranties made in this Agreement by CENIT, CENIT Bank and their respective subsidiariesXxxxx.

Appears in 1 contract

Samples: Agreement and Plan (United Security Bancshares Inc)

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Access to Properties; Personnel and Records. (a) For so So long as this Agreement shall remain in effect, CENITthe Bank, CENIT Bank and their respective subsidiaries shall permit SouthTrust or its agents full reasonable access, during normal business hours and upon reasonable noticehours, to the properties of CENIT, CENIT Bank and their respective subsidiariesthe Bank, and shall disclose and make available (together with the right to copy) to SouthTrust and to its internal auditors, loan review officers, attorneys, accountants and other representatives, all books, papers and records relating to the assets, stock, properties, operations, obligations and liabilities of CENIT or CENIT the Bank, including all books of account (including the general ledger), tax records, minute books of directors' and shareholders' meetings, organizational documents, bylaws, contracts and agreements, filings with any regulatory agency, examination reports, correspondence with regulatory or taxing authorities, documents relating to assets, titles, abstracts, appraisals, consultant's reports, plans affecting employees, securities transfer records and stockholder lists, and any other assets, business activities or prospects in which SouthTrust may have a reasonable interest, and CENITthe Bank, CENIT Bank and their respective subsidiaries shall use their reasonable best efforts to provide SouthTrust and its representatives access to the work papers of CENITthe Bank's and CENIT subsidiaries' accountants. CENIT, CENIT The Bank and their respective subsidiaries shall not be required to provide access to or to disclose information where such access or disclosure would violate or prejudice the rights of any customer, would contravene any law, rule, regulation, order or judgment, would violate any fiduciary obligations or duties of the officers or directors of CENIT or CENIT Bank judgment or would violate any confidentiality agreement; provided that CENITthe Bank, CENIT Bank and their respective subsidiaries shall cooperate with SouthTrust in seeking to obtain Consents from appropriate parties under whose rights or authority access is otherwise restricted. The foregoing rights granted to SouthTrust shall not, whether or not and regardless of the extent to which the same are exercised, affect the representations and warranties made in this Agreement by CENIT, CENIT Bank and their respective subsidiariesthe Bank.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southtrust Corp)

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