Common use of CONDITION; TERMINATION Clause in Contracts

CONDITION; TERMINATION. Consummation of the Merger shall be subject to the receipt of the approval of this Agreement by the shareholders of T&B New Jersey and T&B Tennessee in accordance with the New Jersey Business Corporation Act and the Tennessee Business Corporation Act, respectively. This Agreement may be terminated and abandoned by action of either the Board of Directors of T&B New Jersey or the Board of Directors of T&B Tennessee at any time prior to the Effective Time, whether before or after approval by the shareholders of either or both of the parties hereto. 14.