Common use of Large Expenditures Clause in Contracts

Large Expenditures. Take no action to pay, agree to pay, or incur any liability, excepting such liabilities that have been accrued on its books as of the execution of this Plan of Merger, for the purchase or lease of any item of real property, fixtures, equipment, or other capital asset in excess of $50,000 individually or in excess of $100,000 in the aggregate with respect to First Evergreen or First Evergreen Bank, except pursuant to prior commitments or plans made by First Evergreen or First Evergreen Bank that are disclosed in the First Evergreen Disclosure Statement.