REPRESENTATIONS AND WARRANTIES OF CBB. CBB represents and warrants to Bancorp and Western as follows:
REPRESENTATIONS AND WARRANTIES OF CBB. 30 5.1 Incorporation, Standing and Power.................................30 5.2 Financial Statements..............................................31 5.3 Authority.........................................................31 5.4 No Conflicts; Defaults............................................31 5.5 Accuracy of Information Furnished.................................31 5.6 CRA Standing......................................................31 5.7 Regulatory Approvals..............................................31 5.8 Accuracy and Correctness of Information Furnished.................32 5.9 Effective Date of Representations and Warranties..................32 Article 6. COVENANTS OF BANCORP AND WESTERN PENDING EFFECTIVE TIME OF THE SHARE PURCHASE.............................................32 6.1 Limitation on Conduct Prior to Effective Time of the Share Purchase..........................................................32 6.2 Affirmative Conduct Prior to Effective Time of the Merger.........36 6.3 Access to Information.............................................37 6.4 Filings...........................................................38 6.5 Notices; Reports..................................................39
REPRESENTATIONS AND WARRANTIES OF CBB. Except as disclosed and set forth in the disclosure letter delivered by CBB to SSB prior to the execution of this Agreement (the “CBB Disclosure Letter”) (which sets forth, among other things, items the disclosure of which is necessary or appropriate either in response to an express disclosure requirement contained in a provision hereof or as an exception to one or more representations or warranties contained in this Article 5, or to one or more of CBB’s covenants contained herein (provided that the mere inclusion of an item in the CBB Disclosure Letter as an exception to a representation or warranty shall not be deemed an admission that such item represents a material exception or material fact, event or circumstance or that such item has had or would have a Material Adverse Effect)), CBB represents, warrants and covenants to and with SSB, as follows:
REPRESENTATIONS AND WARRANTIES OF CBB. 38 5.1 Incorporation, Standing and Power.............................................................38 5.2 Financial Statements..........................................................................39 5.3 Authority.....................................................................................39 5.4 No Conflicts; Defaults........................................................................39 5.5 Accuracy of Information Furnished.............................................................39 5.6 Authority of Security Acquisition.............................................................39
