Common use of Standard of Materiality Clause in Contracts

Standard of Materiality. No representation or warranty shall be deemed untrue or incorrect, and no Party shall be deemed to have breached a representation or warranty, as a consequence of the existence of any fact, event or circumstance unless such fact, event or circumstance, individually or taken together with all other facts, events or circumstances inconsistent with any representation or warranty has had or is reasonably likely to have a Material Adverse Effect on the Party making such representation or warranty.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Fidelity Bancorp Inc), Agreement and Plan of Merger (United Community Financial Corp), Agreement and Plan of Merger (Pennwood Bancorp Inc)

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Standard of Materiality. No representation or warranty shall be deemed untrue or incorrect, and no Party shall be deemed to have breached a representation or warranty, as a consequence of the existence of any fact, event or circumstance unless such fact, event or circumstance, individually or taken together with all other facts, events or circumstances inconsistent with any representation or warranty has had or is reasonably likely to have a Material Adverse Effect on the Party making such representation or warrantybenefits intended, under the terms of this Agreement, for the non-breaching Party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citizens First Bancorp Inc)

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Standard of Materiality. No representation or warranty shall be deemed untrue or incorrect, and no Party shall be deemed to have breached a representation or warranty, as a consequence of the existence of any fact, event or circumstance unless such fact, event or circumstance, individually or taken together with all other facts, events or circumstances inconsistent with any representation or warranty has had or is reasonably likely to have a Material Adverse Effect on the Party making such representation or warranty.together

Appears in 1 contract

Samples: Agreement and Plan of Merger (Industrial Bancorp Inc)

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