Common use of Shareholder Litigation Clause in Contracts

Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense and/or settlement of any such litigation. In addition, no settlement of any such shareholder litigation shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 8 contracts

Sources: Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Middlefield Banc Corp), Merger Agreement (Farmers National Banc Corp /Oh/)

Shareholder Litigation. The Company shall give Purchaser prompt notice of any shareholder litigation against Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its Purchaser’s own expense in the defense and/or or settlement of any such litigation. In addition, no settlement of any such shareholder litigation against the Company and/or its directors relating to the transactions contemplated by this Agreement, and no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld withheld, conditioned or delayed).

Appears in 4 contracts

Sources: Merger Agreement (First Community Bankshares Inc /Va/), Merger Agreement (First Community Bankshares Inc /Va/), Merger Agreement (First Community Bankshares Inc /Va/)

Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense and/or or settlement of any such litigation. In addition, no such settlement of any such shareholder litigation shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 4 contracts

Sources: Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Huntington Bancshares Inc/Md)

Shareholder Litigation. The Company shall give Purchaser prompt notice of any shareholder litigation against Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense and/or or settlement of any such litigation. In addition, no settlement of any such shareholder litigation against the Company and/or its directors relating to the Transactions, and no such settlement shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed)consent.

Appears in 2 contracts

Sources: Share Exchange Agreement (Res Care Inc /Ky/), Share Exchange Agreement (Res Care Inc /Ky/)

Shareholder Litigation. The Company shall give Purchaser prompt notice Buyer the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Agreement, and shall give Purchaser the opportunity to participate at its own expense in the defense and/or no such settlement of any such litigation. In addition, no settlement of any such shareholder litigation shall be agreed to without PurchaserBuyer’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Sources: Merger Agreement (People's United Financial, Inc.), Merger Agreement (LSB Corp)

Shareholder Litigation. Company shall give Purchaser prompt notice of any shareholder litigation against Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement and shall give Purchaser the opportunity to participate at its own expense in the defense and/or or settlement of any such litigation. In addition, no such settlement of any such shareholder litigation shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Sources: Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/)

Shareholder Litigation. Company shall give Purchaser prompt notice the opportunity to participate in the defense or settlement of any shareholder litigation against Company and/or its directors or affiliates relating to the transactions contemplated by this Agreement Agreement, and shall give Purchaser the opportunity to participate at its own expense in the defense and/or no such settlement of any such litigation. In addition, no settlement of any such shareholder litigation shall be agreed to without Purchaser’s prior written consent (such consent not to be unreasonably withheld or delayed).

Appears in 2 contracts

Sources: Merger Agreement (Hancock Holding Co), Merger Agreement (Whitney Holding Corp)