Common use of Reliance on Agreement Clause in Contracts

Reliance on Agreement. Such Shareholder understands and acknowledges that the Buyer is entering into the Merger Agreement in reliance upon such Shareholder's execution, delivery and performance of this Agreement. Such Shareholder acknowledges that the agreement set forth in Section 1 is granted in consideration for the execution and delivery of the Merger Agreement by the Buyer.

Appears in 2 contracts

Samples: Merger Agreement (Capital Bank Corp), Merger Agreement (1st State Bancorp Inc)

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Reliance on Agreement. Such Shareholder understands and acknowledges that the Buyer is and the Parent are entering into the Merger Agreement in reliance upon such Shareholder's ’s execution, delivery and performance of this Agreement. Such Shareholder acknowledges that the agreement set forth in Section 1 is granted in consideration for the execution and delivery of the Merger Agreement by the BuyerBuyer and the Parent.

Appears in 1 contract

Samples: Merger Agreement (Four Oaks Fincorp Inc)

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Reliance on Agreement. Such Shareholder understands and acknowledges that the Buyer is and the Parent are entering into the Merger Agreement in reliance upon such Shareholder's execution, delivery and performance of this Agreement. Such Shareholder acknowledges that the agreement set forth in Section 1 is granted in consideration for the execution and delivery of the Merger Agreement by the BuyerBuyer and the Parent.

Appears in 1 contract

Samples: Stock Voting Agreement (Four Oaks Fincorp Inc)

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