Conforming Accounting and Reserve Policies. At the request of NCC, PBI shall, immediately prior to Closing, establish and take such charge-offs, reserves and accruals as NCC reasonably shall request to conform PBI’s loan, accrual, capital, reserve and other accounting policies to the policies of NBC (collectively, the “Conforming Adjustments”).
Conforming Accounting and Reserve Policies. Upon written confirmation from Kearny that all conditions to closing set forth in Articles 8 and 9 have been satisfied or waived, at the request of Kearny, Central Jersey shall immediately prior to Closing establish and take such reserves and accruals as Kearny reasonably shall request to conform Central Jersey’s loan, accrual, reserve and other accounting policies to the policies of Kearny Bank.
Conforming Accounting and Reserve Policies. Upon written confirmation from Xxxxxxx that all conditions to closing set forth in Articles 8 and 9 have been satisfied or waived, at the request of Xxxxxxx, North Penn shall immediately prior to Closing establish and take such reserves and accruals as Xxxxxxx reasonably shall request to conform North Penn’s loan, accrual, reserve and other accounting policies to the policies of Xxxxx.
Conforming Accounting and Reserve Policies. EVBS may request that FCB immediately prior to Closing establish and take such reserves and accruals as EVBS reasonably shall request to conform FCB’s loan, accrual, reserve and other accounting policies to the policies of EVBS, provided however, such requested conforming adjustment shall not be taken into account as having a Material Adverse Effect on FCB and further provided that no adjustment will be made that does not conform to generally accepted accounting principles. The recording of any such adjustments shall not be deemed to imply any misstatement of previously furnished financial statements or information by FCB. No adjustment shall violate any law, rule or regulation applicable to FCB. Notwithstanding anything set forth herein to the contrary, FCB may elect not to take any actions requested by EVBS, in its sole discretion.
Conforming Accounting and Reserve Policies. At the request of ANB, PBF shall immediately prior to Closing establish and take such charge offs, reserves and accruals as ANB reasonably shall request to conform PBF Bank’s loan, accrual, capital, reserve and other accounting policies to the policies of ANB (collectively, the “Conforming Adjustments”).
Conforming Accounting and Reserve Policies. At the request of ANB, FCB shall immediately prior to Closing establish and take such charge offs, reserves and accruals as ANB reasonably shall request to conform FCB Bank’s loan, accrual, capital, reserve and other accounting policies to the policies of ANB (collectively, the “Conforming Adjustments”).
Conforming Accounting and Reserve Policies. Upon written confirmation from OceanFirst that all conditions to closing set forth in Articles 8 and 9 have been satisfied or waived, at the request of OceanFirst, Central Jersey shall immediately prior to Closing establish and take such reserves and accruals as OceanFirst reasonably shall request to conform Central Jersey’s loan, accrual, reserve and other accounting policies to the policies of OceanFirst.
Conforming Accounting and Reserve Policies. At the request of Parent, Company shall immediately prior to Closing establish and take such reserves and accruals as Parent reasonably shall request to conform Company’s accounting policies to the policies of Parent, provided however, such requested conforming adjustment shall not be taken into account as having a Material Adverse Effect on Company and further provided that no adjustment will be made that does not conform to generally accepted accounting principles. No adjustment shall violate any law, rule or regulation applicable to Company.
Conforming Accounting and Reserve Policies. From and after the date hereof to the Effective Time, the Seller and the Company shall consult and cooperate with each other with respect to determining, as specified in a written notice from the Company to the Seller, based upon such consultation and as hereinafter provided, appropriate accruals, reserves and charges to establish and take in respect of excess equipment write-off or write-down of various assets and other appropriate charges and accounting adjustments taking into account the parties business plans and following the Merger. The Seller and the Company shall consult and cooperate with each other with respect to determining, as specified in a written notice from the Company to the Seller, based upon such consultation and as hereinafter provided, the amount and the timing for recognizing for financial accounting purposes the expenses of the Merger and the restructuring charges related to or to be incurred in connection with the Merger. At the written request of the Company, the Seller shall establish and take such reserves and accruals as the Company shall request to conform the Seller’s loan, accrual and reserve policies to the Company’s policies, shall establish and take such accruals, reserves and charges in order to implement such policies in respect of excess facilities and equipment capacity, severance costs, litigation matters, write-off or write-down of various assets and other appropriate accounting adjustments, and to recognize for financial accounting purposes such expenses of the Merger and restructuring charges related to or to be incurred in connection with the Merger, in each case at such times as are specified by the Company; provided, however, that the Seller shall not be required to take any such action that is not consistent with GAAP; and provided further, however that neither the Seller nor any Seller Subsidiary shall be required to take any such action until immediately prior to the Closing and until such time as the Seller shall have received reasonable written assurances that all conditions precedent to the Closing have been satisfied or waived as provided in Article VII (other than the completion of actions to be taken at the Closing, with respect to which the Seller shall have received reasonable written assurances that the Company will complete such actions at the Closing).
Conforming Accounting and Reserve Policies. Upon written --------------------------------------------- confirmation from Sun that all conditions to closing set forth in Articles 8 and 9 have been satisfied or waived, at the request of Sun, Community shall immediately prior to Closing establish and take such reserves and accruals as Sun reasonably shall request to conform Community Bank's loan, accrual, reserve and other accounting policies to the policies of Sun Bank.
