Common use of Restructuring Efforts Clause in Contracts

Restructuring Efforts. If either the Company or Parent shall have failed to obtain the Requisite Company Vote or the Requisite Parent Vote at the duly convened Company Meeting or Parent Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transaction contemplated by this Agreement (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio, the amount or kind of the consideration to be issued to holders of the capital stock of the Company as provided for in this Agreement, in a manner adverse to such party or its stockholders) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.15) to its respective stockholders for adoption or approval, as applicable.

Appears in 2 contracts

Sources: Merger Agreement (Sterling Bancorp), Merger Agreement (Astoria Financial Corp)

Restructuring Efforts. If either the Company or Parent shall have failed to obtain the Requisite Company Vote or the Requisite Parent Vote at the duly convened Company Meeting or Parent Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transaction contemplated by this Agreement (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange RatioRatio or the Cash Consideration, the amount or kind of the consideration to be issued to holders of the capital stock of the Company as provided for in this Agreement, in a manner adverse to such party or its stockholders) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.15) to its respective stockholders for adoption or approval, as applicable.

Appears in 2 contracts

Sources: Merger Agreement (New York Community Bancorp Inc), Merger Agreement (Astoria Financial Corp)

Restructuring Efforts. If either the Company or Parent shall have failed to obtain the Requisite Company Vote or the Requisite Parent Vote at the duly convened Company Meeting or Parent Meeting, as applicable, or any adjournment or postponement thereof, each of the parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transaction contemplated by this Agreement (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio, the amount or kind of the consideration to be issued to holders of the capital stock of the Company as provided for in this Agreement, in a manner adverse to such party or its stockholdersshareholders or stockholders (as applicable)) and/or resubmit this Agreement and/or the transactions contemplated hereby (or as restructured pursuant to this Section 6.156.13) to its respective shareholders or stockholders for adoption or approval, (as applicable) for approval or adoption (as applicable).

Appears in 2 contracts

Sources: Merger Agreement (FCB Financial Holdings, Inc.), Merger Agreement (Synovus Financial Corp)

Restructuring Efforts. If either the Company or Parent shall have failed to obtain the Requisite Company Vote or shareholder approval of this Agreement and the Requisite Parent Vote transactions contemplated hereby, including without limitation the Amendment, at the duly convened Company Shareholders Meeting or Parent Meeting, as applicable, or any adjournment or postponement thereof, then, unless this Agreement has been terminated in accordance with its terms, each of the parties Parties shall in good faith use its reasonable best efforts to negotiate a restructuring of the transaction contemplated by this Agreement provided for herein (it being understood that neither party shall have any obligation to alter or change any material terms, including the Exchange Ratio, the amount or kind of the consideration to be issued to holders of the capital stock of the Company Capital Stock as provided for in this Agreement, in a manner adverse to such party or its stockholders) and/or resubmit this Agreement and/or or the transactions contemplated hereby (or as restructured pursuant to this Section 6.156.9) to its respective stockholders the Company’s shareholders for adoption or approval, as applicable.

Appears in 1 contract

Sources: Merger Agreement (Princeton Bancorp, Inc.)