Board of Directors and Committee Meetings. Subsequent to the receipt of all Requisite Regulatory Approvals, the Company shall permit representatives of Parent and Parent Bank to attend any meeting of its board of directors or the executive and loan committees thereof as an observer, subject to the Confidentiality Agreement; provided, that the Company shall not be required to permit such representatives to remain present during any confidential discussions of this Agreement and the transactions contemplated hereby or any Acquisition Proposal or during any other matter (a) that the Board of Directors of the Company has reasonably determined to be confidential with respect to the participation of Parent or Parent Bank or (b) that the Company would not be required to disclose under Section 6.2 of this Agreement.
Board of Directors and Committee Meetings. First Priority shall (a) provide Mid Penn a copy of any First Priority or First Priority Subsidiary board or board committee package, including the agenda and any draft minutes, at the same time at which it makes a copy of such package available to the board of directors of First Priority or such First Priority Subsidiary or any committee thereof, (b) provide a copy of the minutes (including supporting documentation and schedules) of any meeting of the board of directors or any Subsidiary, or any committee thereof, or any senior management committee (including, but not limited to, the loan committee of First Priority Bank), and (c) following the receipt of all required Regulatory Approvals to consummate the transactions described herein, permit representatives of Mid Penn to attend in-person or telephonically (to the extent practicable), solely as an observer, any meeting of the board of directors of First Priority or any First Priority Subsidiary or the executive or loan committees thereof, except, in each case, to the extent exclusion (x) may be required for the board of directors to exercise its fiduciary duties under Pennsylvania law or applicable law, (y) may be required by applicable Bank Regulators, or (z) may be required to protect attorney-client privilege. Minutes of meetings deliverable to Mid Penn pursuant to Section 6.10(b) shall be delivered within fifteen (15) days after the meeting of such board or committee to which such minutes relate, except that with respect to any meeting held within fifteen (15) days of the Effective Time, such minutes shall be provided prior to the Effective Time.
Board of Directors and Committee Meetings. Brooklyn Bancorp and Brooklyn Federal Savings shall permit representatives of Investors Bancorp (no more than two) to attend any meeting of the Board of Directors of Brooklyn Bancorp and/or Brooklyn Federal Savings or the Executive and Loan Committees thereof as an observer, subject to the Confidentiality Agreement, provided that neither Brooklyn Bancorp nor Brooklyn Federal Savings shall be required to permit the Investors Bancorp representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of Brooklyn Bancorp or Brooklyn Federal Savings or during any other matter that the respective Board of Directors has reasonably determined to be confidential with respect to Investors Bancorp’s participation. Investors Bancorp shall bear all legal and financial responsibility for ensuring that observer rights shall not constitute control of Brooklyn Bancorp or Brooklyn Federal Savings under applicable laws.
Board of Directors and Committee Meetings. Beginning on the date of this Agreement, Cheviot Financial shall permit representatives of MainSource or MainSource Bank (no more than two) to receive notice of and to attend any meeting of its Board of Directors and all committees of Cheviot Financial and each Cheviot Financial Subsidiary, including, without limitation, the Executive and Loan Committees, as an observer, subject to the Confidentiality Agreement, provided that Cheviot Financial shall not be required to permit the representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of Cheviot Financial or during any other matter (i) that the respective Board of Directors has reasonably determined to be confidential with respect to the participation of MainSource or MainSource Bank, or (ii) that Cheviot Financial would not be required to disclose under Section 6.3.3 hereof.
Board of Directors and Committee Meetings. Except to the extent prohibited by a Bank Regulator pursuant to regulatory policy, VSB Bancorp shall permit representatives of Northfield Bancorp or its Subsidiaries (no more than two) to attend any meeting of its Board of Directors or the Executive and Loan Committees thereof as an observer, subject to the Confidentiality Agreement, provided that VSB Bancorp shall not be required to permit the representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of VSB Bancorp or during any other matter (i) that the Board of Directors has reasonably determined to be confidential with respect to the participation of Northfield Bancorp or its Subsidiaries, or (ii) that VSB Bancorp would not be required to disclose under Section 6.3.3 hereof.
Board of Directors and Committee Meetings. VIST and VIST Bank shall permit representatives of Xxxxxxxx (no more than two) to attend any meeting of the Board of Directors of VIST and/or VIST Bank or the executive and loan committees thereof as an observer, provided that neither VIST nor VIST Bank shall be required to permit the Xxxxxxxx representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of VIST or during any other matter that the respective Board of Directors has reasonably determined to be confidential with respect to Xxxxxxxx’x participation.
Board of Directors and Committee Meetings. Following the receipt of all Regulatory Approvals (without regard to any waiting periods associated therewith), Colonial Financial shall permit representatives of Cape Bancorp or Cape Bank (no more than two) to attend any meeting of its Board of Directors or the Executive and Loan Committees thereof as an observer, subject to the Confidentiality Agreement, provided that Colonial Financial shall not be required to permit the representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of Colonial Financial or during any other matter (i) that the respective Board of Directors has reasonably determined to be confidential with respect to the participation of Cape Bancorp or Cape Bank, or (ii) that Colonial Financial would not be required to disclose under Section 6.3.3 hereof.
Board of Directors and Committee Meetings. (a) SBBX shall distribute a copy of each SBBX Board package, including the agenda and any draft minutes, to PFS promptly after it distributes a copy of such packages to the SBBX Board; provided, however, that SBBX shall not be required to copy PFS on any documents that disclose confidential discussions of this Agreement or the transactions contemplated hereby or any third party proposal to acquire control of SBBX or any other matter that the SBBX Board has been advised of by counsel that such distribution to PFS may violate a confidentiality obligation or fiduciary duty or any law or regulation.
Board of Directors and Committee Meetings. Boardwalk Bancorp and Boardwalk Bank shall permit a representative of Cape Savings to attend any meeting of the Board of Directors of Boardwalk Bancorp and/or Boardwalk Bank or the Executive and Audit Committees thereof as an observer (the “Cape Observer”), provided, however that the Cape Observer shall not have any decision-making authority with respect to any such matters and shall be excused during any discussions relating to this Agreement and the transactions contemplated hereby or any other matter which, in the sole judgment of Boardwalk Bancorp, such access or disclosure would violate or prejudice the rights or business interests or confidences of any customer or other Person or would result in the waiver by it of the privilege protecting communications between it and any of its counsel or violate a confidentiality obligation or fiduciary duty.
Board of Directors and Committee Meetings. HRB and HRBT shall permit representatives of FNFG (no more than two) to attend any meeting of the Board of Directors of HRB and/or HRBT or the Executive and Loan Committees thereof as an observer (the "Observer"), provided that neither HRB nor HRBT shall be required to permit the FNFG representative to remain present during any confidential discussion of this Agreement and the transactions contemplated hereby or any third party proposal to acquire control of HRB or HRBT or during any other matter that the respective Board of Directors has reasonably determined to be confidential with respect to FNFG's participation.
