Common use of Closing Delay Clause in Contracts

Closing Delay. By either BRBS or FVCB, evidenced by written notice, if the Merger has not been consummated by June 30, 2022 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 2 contracts

Samples: Affiliate Agreement (Blue Ridge Bankshares, Inc.), Affiliate Agreement (FVCBankcorp, Inc.)

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Closing Delay. By either BRBS VABK or FVCBFBSS, evidenced by written notice, if the Merger has not been consummated by June September 30, 2022 2021 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Virginia National Bankshares Corp)

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Closing Delay. By either BRBS or FVCBBAYK, evidenced by written notice, if the Merger has not been consummated by June 30July 31, 2022 2021 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate this Agreement under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has been the cause of or resulted in the failure of the Merger to occur on or before such date;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Blue Ridge Bankshares, Inc.)

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