Common use of Covenants of Stockholder Clause in Contracts

Covenants of Stockholder. (a) Stockholder agrees to cause the Covered Shares to be present at the CBTC Meeting and at such meeting shall vote, or cause to be voted, the Covered Shares in favor of the Reorganization Agreement and the transactions contemplated thereby, until this Agreement terminates as provided in Section 2(d), unless: (i) United is in material default with respect to a material covenant, representation, warranty or agreement made by it in the Reorganization Agreement; or (ii) in accordance with Section 7.02 of the Reorganization Agreement, the CBTC Board has failed to make, withdrawn, modified or otherwise changed its recommendation to CBTC stockholders.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Community Bankers Trust Corp), Agreement and Plan of Reorganization (United Bankshares Inc/Wv)

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Covenants of Stockholder. (a) Stockholder agrees to cause the Covered Shares to be present at the CBTC CFC Stockholder Meeting and at such meeting shall vote, or cause to be voted, the Covered Shares in favor of the Reorganization Agreement and the transactions contemplated thereby, until this Agreement terminates as provided in Section 2(d), unless: (i) United is in material default with respect to a material covenant, representation, warranty or agreement made by it in the Reorganization Agreement; or (ii) in accordance with Section 7.02 6.9 of the Reorganization Agreement, the CBTC CFC Board has failed to make, withdrawn, modified or otherwise changed its recommendation to CBTC CFC stockholders.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Carolina Financial Corp), Agreement and Plan of Merger (United Bankshares Inc/Wv), Agreement and Plan of Merger (Carolina Financial Corp)

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