Common use of Agreement as to Efforts to Consummate Clause in Contracts

Agreement as to Efforts to Consummate. Subject to the terms and conditions of this Agreement, each Party agrees to use its reasonable efforts to take all actions, and to do all things necessary, proper, or advisable under applicable Laws, as promptly as practicable so as to permit consummation of the Merger at the earliest possible date and to otherwise enable consummation of the transactions contemplated hereby and shall cooperate fully with the other Party hereto to that end (it being understood that any amendments to the Registration Statement filed by Coastal in connection with the Coastal Common Stock to be issued in the Merger), including, without limitation, using its reasonable efforts to lift or rescind any Order adversely affecting its ability to consummate the transactions contemplated herein and to cause to be satisfied the conditions referred to in Article 9 of this Agreement; provided, that nothing herein shall preclude either Party from exercising its rights under this Agreement. Each Party shall use, and shall cause each of its Subsidiaries to use, its reasonable efforts to obtain all Consents necessary or desirable for the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Capital Bank Holding Corp), Agreement and Plan of Merger (Coastal Banking Co Inc)

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Agreement as to Efforts to Consummate. No Party shall take, or cause to be taken, any action which may reasonably be foreseen as delaying or otherwise adversely impacting consummation of the Merger. Subject to the terms and conditions of this Agreement, each Party agrees to use use, and to cause its Subsidiaries to use, its reasonable efforts to take take, or cause to be taken, all actions, and to do do, or cause to be done, all things necessary, proper, proper or advisable under applicable Laws, as promptly as practicable so as to permit consummation of the Merger at the earliest possible date and to otherwise enable consummation of the transactions contemplated hereby and shall cooperate fully with the other Party hereto to that end (it being understood that any amendments to the Registration Statement filed by Coastal in connection with the Coastal Common Stock to be issued in the Merger)end, including, without limitation, using its reasonable efforts to lift or rescind any Order adversely affecting its ability to consummate the transactions contemplated herein and to cause to be satisfied the conditions referred to in Article 9 of this Agreement; provided, that nothing herein shall preclude either Party from exercising its rights under this Agreement. Each Party shall use, and shall cause each of its Subsidiaries to use, its reasonable efforts to obtain all Consents necessary or desirable for the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Citizens Bancshares Corp /Ga/), Agreement and Plan of Merger (CFS Bancshares Inc)

Agreement as to Efforts to Consummate. Subject to the terms and conditions of this Agreement, each Party agrees to use use, and to cause its Subsidiaries to use, its reasonable efforts to take take, or cause to be taken, all actions, and to do do, or cause to be done, all things necessary, proper, or advisable under applicable Lawslaws to consummate and make effective, as promptly soon as practicable so as to permit consummation after the date of the Merger at the earliest possible date and to otherwise enable consummation of this Agreement, the transactions contemplated hereby by this Agreement and shall cooperate fully with the other Party hereto to that end (it being understood that any amendments to the Registration Statement filed by Coastal in connection with the Coastal Common Stock to be issued in the Merger)Consolidation Agreement, including, without limitation, using its reasonable efforts to lift or rescind any Order adversely affecting its ability to consummate the transactions contemplated herein and to cause to be satisfied the conditions referred precedent to in Article 9 consummation of this Agreementthe Consolidation; provided, that nothing herein shall preclude either Party from exercising its rights under this Agreement. Each Party shall use, and shall cause each of its Subsidiaries to use, its reasonable efforts to obtain all Consents consents necessary or desirable for the consummation of the transactions contemplated by this Agreement and the Consolidation Agreement. The Parties shall deliver to each other, copies of all filings, correspondence, and orders to and from all Regulatory Authorities in connection with the transactions contemplated by this Agreement and the Consolidation Agreement.

Appears in 1 contract

Samples: Consolidation Agreement (Independent Bank Corp /Mi/)

Agreement as to Efforts to Consummate. Subject to the terms and conditions of this Agreement, each Party agrees to use use, and to cause its Subsidiaries to use, its reasonable efforts to take take, or cause to be taken, all actions, and to do do, or cause to be done, all things necessary, proper, or advisable under applicable LawsLaws to consummate and make effective, as promptly soon as reasonably practicable so as to permit consummation after the date of the Merger at the earliest possible date second amendment and to otherwise enable consummation restatement of this Agreement, the transactions contemplated hereby and shall cooperate fully with the other Party hereto to that end (it being understood that any amendments to the Registration Statement filed by Coastal in connection with the Coastal Common Stock to be issued in the Merger)this Agreement, including, without limitation, including using its reasonable efforts to lift or rescind any Order adversely affecting its ability to consummate the transactions contemplated herein and to cause to be satisfied the conditions referred to in Article 9 9, including, if necessary, using reasonable efforts to resolve any concern of this Agreementthe OTS to avoid the imposition of a condition or restriction referred to in the last sentence of Section 9.1(b); provided, that nothing herein shall preclude either Party from exercising its rights under this Agreement. Each Party shall use, and shall cause each of its Subsidiaries to use, its reasonable efforts to obtain all Consents necessary or desirable for the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (American Home Mortgage Investment Corp)

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Agreement as to Efforts to Consummate. Subject to the terms and conditions of this Agreement, each Party agrees to use its reasonable efforts to take all actions, and to do all things necessary, proper, proper or advisable under applicable Laws, as promptly as practicable so as to permit consummation of the Merger at the earliest possible date and to otherwise enable consummation of the transactions contemplated hereby and shall cooperate fully with the other Party hereto to that end (it being understood that any amendments to the Registration Statement filed resolicitation of proxies as a consequence of an acquisition agreement by Coastal in connection with the Coastal Common Stock to be issued in the MergerPAB or any of its Subsidiaries shall not violate this covenant), including, without limitation, using its reasonable efforts to lift or rescind any Order adversely affecting its ability to consummate the transactions contemplated herein and to cause to be satisfied the conditions referred to in Article 9 of this Agreement; provided, that nothing herein shall preclude either Party from exercising its rights under this Agreement. Each Party shall use, and shall cause each of its Subsidiaries to use, its reasonable efforts to obtain all Consents necessary or desirable for the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pab Bankshares Inc)

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