Split Up. If any order, judgment, or decree is entered in any proceedings against the Borrower decreeing a split-up of the Borrower which requires the divestiture of a substantial part of the assets of the Borrower or which requires the divestiture of assets or stock of a Subsidiary and such order, judgment, or decree remains unstayed and in effect for more than thirty (30) Days.
Appears in 2 contracts
Sources: Revolving and Term Loan Agreement (Seacoast Banking Corp of Florida), Loan Agreement (Southern Community Bancorp)