Common use of Breach of Representations or Agreements Clause in Contracts

Breach of Representations or Agreements. In the event that there is a material breach in any of the representations and warranties, covenants or agreements of Seller or Buyer, which breach is not cured within 30 days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other party.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (Limestone Bancorp, Inc.), Branch Purchase and Assumption Agreement (Your Community Bankshares, Inc.), Branch Purchase and Assumption Agreement (Citizens First Corp)

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Breach of Representations or Agreements. In the event that there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 fifteen (15) days after written notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (Howard Bancorp Inc), Branch Purchase and Assumption Agreement (Cecil Bancorp Inc), Branch Purchase and Assumption Agreement (Howard Bancorp Inc)

Breach of Representations or Agreements. In the event that there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (Harrington West Financial Group Inc/Ca), Branch Purchase and Assumption Agreement (Gold Banc Corp Inc), Branch Purchase and Assumption Agreement (Jacksonville Bancorp Inc)

Breach of Representations or Agreements. In the event that there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller First State Bank and FCG, on the one hand, or BuyerFirst Bank, on the other hand, which breach is not cured within 30 thirty days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (First State Bancorporation)

Breach of Representations or Agreements. In the event that there is a material breach in of any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 thirty (30) days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Beverly Hills Bancorp Inc)

Breach of Representations or Agreements. In the event that there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 15 days after written notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Gold Banc Corp Inc)

Breach of Representations or Agreements. In the event that ------------ ----------------------------------------- there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 thirty (30) days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (HCB Bancshares Inc)

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Breach of Representations or Agreements. In the event that there is a material breach in of any of the representations and warranties, covenants warranties or agreements of Seller or Buyer (except for a breach of a representation or warranty contained in Section 3.20, as to which Buyer’s sole remedy is as set forth in Section 11.6), which breach is not cured within 30 15 days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Mid Illinois Bancshares Inc)

Breach of Representations or Agreements. In the event that If there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 days after notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Ames National Corp)

Breach of Representations or Agreements. In the event ------------ ----------------------------------------- that there is a material breach in any of the representations and warranties, covenants warranties or agreements of Seller or Buyer, which breach is not cured within 30 days after written notice to cure such breach is given to the breaching party by the non-breaching party, then the non-breaching party may terminate and cancel this Agreement by providing written notice of such action to the other partyparty hereto.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Southern Bancshares Inc/De)

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