Common use of Litigation and Regulatory Proceedings Clause in Contracts

Litigation and Regulatory Proceedings. There are no actions pending or, to Buyer’s knowledge, threatened against Buyer which alone, or taken in the aggregate, reasonably would be expected to have any material adverse effect upon the consummation of the transactions contemplated by this Agreement. No governmental agency has notified Buyer that it would oppose or not approve or consent to the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Citizens Financial Corp/De/), Purchase and Assumption Agreement (Allegheny Bancshares Inc)

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Litigation and Regulatory Proceedings. There are no actions pending ------------------------------------- or, to the best of Buyer’s 's or Buyer Sub's knowledge, threatened against Buyer or Buyer Sub which alone, or taken in the aggregate, reasonably would be expected to have any material adverse effect upon the consummation of the transactions contemplated by this Agreement. No governmental agency has notified Buyer or Buyer Sub that it would oppose or not approve or consent to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Abc Bancorp)

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Litigation and Regulatory Proceedings. There are no actions pending or, to Buyer’s 's knowledge, threatened against Buyer which alone, or taken in the aggregate, reasonably would be expected to have any material adverse effect upon the consummation of the transactions contemplated by this Agreement. No governmental agency has notified Buyer that it would oppose or not approve or consent to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Citizens Financial Corp/De/)

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