CURRENT INFORMATION; ADVICE OF CHANGES. (a) During the period from the date of this Plan to the Effective Date, Shore Bancshares will cause one or more of its designated representatives to confer on a monthly or more frequent basis with representatives of Talbot Bancshares regarding its business, operations, properties, assets, and condition (financial or otherwise) and matters relating to the completion of the transactions contemplated herein. As soon as reasonably available, but in no event more than 45 days after the end of each calendar quarter (other than the last calendar quarter of each calendar year) ending after the date of this Plan, Shore Bancshares will deliver to Talbot Bancshares its quarterly reports on Form 10-Q, as filed with the SEC under the Exchange Act. As soon as reasonably available, but in no event more than 90 days after the calendar year, Shore Bancshares will deliver to Talbot Bancshares its Annual Report on Form 10-K as filed with the SEC under the Exchange Act.
CURRENT INFORMATION; ADVICE OF CHANGES. (a) During the period from the date of this Agreement to the Effective Time, Target will cause one or more of its designated representatives to confer on a weekly or more frequent basis with representatives of Acquiror regarding its business, operations, properties, assets, and condition (financial or otherwise) and matters relating to the completion of the transactions contemplated herein. As soon as reasonably available, but in no event more than 45 days after the end of each calendar quarter (other than the last calendar quarter of each calendar year) ending after the date of this Agreement, Target will deliver to Acquiror its quarterly reports on Form 10-Q, as filed with the SEC under the Exchange Act. As soon as reasonably available, but in no event more than 90 days after the calendar year, Target will deliver to Acquiror its Annual Report on Form 10-K as filed with the SEC under the Exchange Act.
CURRENT INFORMATION; ADVICE OF CHANGES. (a) During the period from the date of this Plan to the Effective Date, Suburban Bancshares will cause one or more of its designated representatives to confer on a monthly or more frequent basis with representatives of Columbia Bancorp regarding its business, operations, properties, assets, and condition (financial or otherwise) and matters relating to the completion of the transactions contemplated herein. As soon as reasonably available, but in no event more than 45 days after the end of each calendar quarter (other than the last calendar quarter of each calendar year) ending after the date of this Plan, Suburban Bancshares will deliver to Columbia Bancorp its quarterly reports on Form 10-Q, as filed with the SEC under the Exchange Act. As soon as reasonably available, but in no event more than 90 days after the calendar year, Suburban Bancshares will deliver to Columbia Bancorp its Annual Report on Form 10-K as filed with the SEC under the Exchange Act.
CURRENT INFORMATION; ADVICE OF CHANGES. CONDUCT OF BUSINESS Between the date of this Agreement and the Effective Time, Acquiror shall promptly advise Target, by written update to the Acquiror Disclosure Schedule, of (a) the occurrence or non-occurrence of any event which would be likely to cause any condition to the obligations of Target to effect the Merger and the other transactions contemplated by this Agreement not to be satisfied, or (b) the failure of Acquiror to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it pursuant to this Agreement which would be likely to result in any condition to the obligations of Target to effect the Merger and the other transactions contemplated by this Agreement not to be satisfied. The delivery of any notice pursuant to this Section 5.5 shall not cure any breach of any representation or warranty requiring disclosure of such matter prior to the date of this Agreement or otherwise limit or affect the remedies available hereunder to Target. Without the approval and consent of Target, Acquiror and its subsidiaries will not agree to acquire by merging or consolidating with, by purchasing an equity interest in, or a portion of the assets of, or by any other manner, any business or any corporation, partnership, association or other business organization or division thereof if any such business or assets to be acquired includes products that could reasonably be considered to be competitive with Target's business in any material respect (a "COMPETITIVE BUSINESS") and would reasonably be likely delay or prolong the waiting period under the HSR Act with respect to the Merger at any time before the applicable waiting period with respect to the Merger under the HSR Act shall have expired or have been earlier terminated, unless in connection with that acquisition Acquiror agrees with the applicable Governmental Entity to hold separate such Competitive Business or take similar actions that would cause such Governmental Entity to permit promptly the expiration or termination of the waiting period under the HSR Act with respect to the Merger.
