Common use of No Regulatory Approval Clause in Contracts

No Regulatory Approval. By Buyer or Company, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Bank of the Ozarks Inc), Agreement and Plan of Merger and Reorganization (Bank of the Carolinas CORP), Agreement and Plan of Merger (Bank of the Ozarks Inc)

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No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board of their respective boards of directors Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event any Requisite Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor shall have been permanently withdrawn at the request of a Governmental Authoritytherefor.

Appears in 4 contracts

Samples: Shareholder Agreement (Willow Grove Bancorp Inc/New), Agreement and Plan of Merger (Banknorth Group Inc/Me), Agreement and Plan of Merger (KNBT Bancorp Inc)

No Regulatory Approval. By Buyer or Company, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 3 contracts

Samples: Voting Agreement (Sunshine Bancorp, Inc.), Agreement and Plan of Merger (C1 Financial, Inc.), Agreement and Plan of Merger (Bank of the Ozarks Inc)

No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board of their respective boards of directors Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event the approval of any Regulatory Approval Governmental Authority required for consummation of the transactions contemplated by this Agreement Transactions shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me), Agreement and Plan of Reorganization (Banknorth Group Inc/Me)

No Regulatory Approval. By Buyer or CompanyBuyer, if either of their respective boards its board of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such the applicable Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.), Agreement and Plan of Merger (Seacoast Banking Corp of Florida)

No Regulatory Approval. By Buyer or Company, if either its Board of their respective boards Directors or Board of directors Directors, as applicable, so determines by a vote of a majority of the members of its entire boardBoard, in the event the approval of any Regulatory Approval Governmental Authority required for consummation of the transactions contemplated by this Agreement hereby shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Slades Ferry Bancorp)

No Regulatory Approval. By Buyer or Company, if either of their respective boards its board of directors so determines by a vote of a majority of the members of its entire boardBoard, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Voting Agreement (Central Bancorp Inc /Ma/)

No Regulatory Approval. By Buyer Purchaser or Company, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Seacoast Banking Corp of Florida)

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No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board of their respective boards of directors Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event the approval of any Regulatory Approval Governmental Authority required for consummation of the transactions contemplated by this Agreement Transactions shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor shall have been permanently withdrawn at the request of a Governmental Authoritytherefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me)

No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board of their respective boards of directors ---------------------- Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event any Requisite Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor shall have been permanently withdrawn at the request of a Governmental Authoritytherefor.

Appears in 1 contract

Samples: Shareholder Agreement (Chester Valley Bancorp Inc)

No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board ---------------------- of their respective boards of directors Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event the approval of any Regulatory Approval Governmental Authority required for consummation of the Merger and the other transactions contemplated by this Agreement shall have been denied by final, non-appealable final nonappealable action by of such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

Appears in 1 contract

Samples: Shareholder Agreement (American Financial Holdings Inc)

No Regulatory Approval. By Buyer the Company or CompanyParent, if either its Board of their respective boards of directors Directors so determines by a vote of a majority of the members of its entire boardBoard, in the event (i) the approval of any Regulatory Approval Governmental Authority required for consummation of the transactions contemplated by this Agreement Transactions shall have been denied by final, non-appealable final nonappealable action by of such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental AuthorityAuthority or (ii) the shareholder approval referred to in Section 7.01(a) herein is not obtained at the Company Meeting.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bancorp Connecticut Inc)

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