Common use of Restructure of Transactions Clause in Contracts

Restructure of Transactions. Buyer shall have the right to request a revision to the structure of the Merger contemplated by this Agreement by merging GSB directly with and into a subsidiary of Buyer, provided, that no such revision to the structure of the Merger (i) shall result in any changes in the amount or type of consideration which the holders of shares of GSB Stock or GSB Options are entitled to receive under this Agreement, (ii) would unreasonably impede or delay consummation of the Merger, (iii) shall impose any less favorable terms or conditions on GSB, or (iv) affect the Tax Treatment of the Merger. Buyer may request such revision by giving written notice to GSB in the manner provided in Section 10.8, which notice shall be in the form of a proposed amendment to this Agreement or in the form of an Amended and Restated Agreement and Plan of Merger and Reorganization, and the addition of such other exhibits hereto as are reasonably necessary or appropriate to effect such change.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Grandsouth Bancorporation), Agreement and Plan of Merger (First Bancorp /Nc/)

AutoNDA by SimpleDocs

Restructure of Transactions. Buyer shall have the right to request a revision to the structure of the Merger contemplated by this Agreement by merging GSB SB directly with and into a subsidiary of Buyer, provided, that no such revision to the structure of the Merger (i) shall result in any changes in the amount or type of consideration which the holders of shares of GSB SB Common Stock or GSB SB Options are entitled to receive under this Agreement, (ii) would unreasonably impede or delay consummation of the Merger, (iii) shall impose any less favorable terms or conditions on GSBSB, or (iv) affect the Tax Treatment of the Merger. Buyer may request such revision by giving written notice to GSB SB in the manner provided in Section 10.8, which notice shall be in the form of a proposed amendment to this Agreement or in the form of an Amended and Restated Agreement and Plan of Merger and Reorganization, and the addition of such other exhibits hereto as are reasonably necessary or appropriate to effect such change.. 1.5

Appears in 1 contract

Samples: V8 Agreement and Plan of Merger (First Bancorp /Nc/)

AutoNDA by SimpleDocs

Restructure of Transactions. Buyer shall have the right to request a revision to the structure of the Merger contemplated by this Agreement by merging GSB SB directly with and into a subsidiary of Buyer, provided, that no such revision to the structure of the Merger (i) shall result in any changes in the amount or type of consideration which the holders of shares of GSB SB Common Stock or GSB SB Options are entitled to receive under this Agreement, (ii) would unreasonably impede or delay consummation of the Merger, (iii) shall impose any less favorable terms or conditions on GSBSB, or (iv) affect the Tax Treatment of the Merger. Buyer may request such revision by giving written notice to GSB SB in the manner provided in Section 10.8, which notice shall be in the form of a proposed amendment to this Agreement or in the form of an Amended and Restated Agreement and Plan of Merger and Reorganization, and the addition of such other exhibits hereto as are reasonably necessary or appropriate to effect such change.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Select Bancorp, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.