Common use of Brokers and Finders; Opinion of Financial Advisor Clause in Contracts

Brokers and Finders; Opinion of Financial Advisor. Except for the GSB Financial Advisor, neither GSB nor its Subsidiaries, or any of their respective officers, directors, employees, or Representatives, has employed any broker, finder, or investment banker or incurred any Liability for any financial advisory fees, investment bankers fees, brokerage fees, commissions, or finder’s or other such fees in connection with this Agreement or the transactions contemplated hereby. Section 4.24 of the GSB Disclosure Memorandum lists the fees and expenses that that are currently owed to the GSB Financial Advisor and that will be owed to GSB Financial Advisor as a result of transactions contemplated by this Agreement and includes a copy of the GSB Financial Advisor’s engagement letter. GSB’s board of directors has received the opinion (which, if initially rendered verbally, has been or will be confirmed by a written opinion, dated the same date) of the GSB Financial Advisor to the effect that, as of the date of such opinion, and based upon and subject to the factors, assumptions and limitations set forth therein, the Exchange Ratio is fair, from a financial point of view, to the holders of GSB Stock, a signed copy of which has been or will be delivered to Buyer solely for informational purposes.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Grandsouth Bancorporation), Agreement and Plan of Merger (First Bancorp /Nc/)

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Brokers and Finders; Opinion of Financial Advisor. Except for the GSB ASBB Financial Advisor, neither GSB ASBB nor its Subsidiaries, or any of their respective officers, directors, employees, or Representatives, has employed any broker, finder, or investment banker or incurred any Liability for any financial advisory fees, investment bankers fees, brokerage fees, commissions, or finder’s or other such fees in connection with this Agreement or the transactions contemplated hereby. Section 4.24 of the GSB ASBB Disclosure Memorandum lists the fees and expenses that that are currently owed to the GSB ASBB Financial Advisor and that will be owed to GSB ASBB Financial Advisor as a result of transactions contemplated by this Agreement and includes a copy of the GSB Financial Advisor’s engagement letterAgreement. GSBASBB’s board of directors has received the opinion (which, if initially rendered verbally, has been or will be confirmed by a written opinion, dated the same date) of the GSB ASBB Financial Advisor to the effect that, as of the date of such opinion, and based upon and subject to the factors, assumptions and limitations set forth therein, the Exchange Ratio consideration to be received in the Merger by the holders of ASBB Common Stock is fair, from a financial point of view, to the holders of GSB Stocksuch holders, a signed copy of which has been or will be delivered to Buyer solely for informational purposes.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (First Bancorp /Nc/), Agreement and Plan of Merger and Reorganization (ASB Bancorp Inc)

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