Requirements of Regulatory Authorities. Seller shall, as soon as is practicable, notify the proper regulatory authorities of its intent to terminate operation of the Offices and to consummate this transaction and thereafter shall (i) comply with the normal and usual requirement imposed by such authorities applicable to effectuate this transaction, and (ii) use its good faith efforts to obtain any required permission of such regulatory authorities to cease operating the Offices.
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Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)
Requirements of Regulatory Authorities. The Seller shall, as soon as is practicable, notify the proper regulatory authorities of its intent to terminate operation of the Offices Branches and to consummate this transaction Transaction and thereafter shall shall: (i1) comply with the normal and usual requirement requirements imposed by such authorities authority applicable to effectuate this transactionTransaction, and (ii2) use its good faith efforts to obtain any required permission approval of such regulatory authorities authority to cease operating transfer the Officesoperations of the Branches.
Appears in 1 contract
Samples: Branch Purchase and Deposit Assumption Agreement (Sun Bancorp Inc /Nj/)
Requirements of Regulatory Authorities. The Seller shall, as soon as is practicable, notify the proper regulatory authorities of its intent to terminate operation of the Offices Branch and to consummate this transaction the transactions contemplated hereby and thereafter shall shall: (i) comply with the normal and usual requirement requirements imposed by such authorities authority applicable to effectuate this transaction, sale; and (ii) use its commercially reasonable good faith efforts to obtain any required permission approval of such regulatory authorities authority to cease operating the OfficesBranch.
Appears in 1 contract
Requirements of Regulatory Authorities. The Seller shall, as soon as is practicable, notify the proper regulatory authorities of its intent to terminate operation of the Offices Branches and to consummate this transaction Transaction and thereafter shall shall: (i) comply with the normal and usual requirement requirements imposed by such authorities authority applicable to effectuate this transaction, Transaction; and (ii) use its good faith efforts to obtain any required permission approval of such regulatory authorities authority to cease operating transfer the Officesoperations of the Branches.
Appears in 1 contract
Samples: Branch Purchase and Deposit Assumption Agreement (Nittany Financial Corp)