Common use of Survival of Certain Covenants Following Termination Clause in Contracts

Survival of Certain Covenants Following Termination. Notwithstanding anything contained in this Agreement to the contrary, CNB's and MFC's respective obligations and liabilities pursuant to Paragraph 6.04 and Articles VIII and IX of this Agreement shall not be affected by a termination of this Agreement, and, following any such termination, those obligations and liabilities shall survive, remain in full force and effect and be fully enforceable in accordance with their terms.

Appears in 2 contracts

Samples: Agreement and Plan (Mountainbank Financial Corp), Agreement and Plan (CNB Holdings Inc)

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Survival of Certain Covenants Following Termination. Notwithstanding anything contained in this Agreement to the contrary, CNBCardinal's and MFC's respective obligations and liabilities pursuant to Paragraph 6.04 and Articles VIII and IX of this Agreement shall not be affected by a termination of this Agreement, and, following any such termination, those obligations and liabilities shall survive, remain in full force and effect and be fully enforceable in accordance with their terms.

Appears in 1 contract

Samples: Agreement and Plan (Mountainbank Financial Corp)

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Survival of Certain Covenants Following Termination. Notwithstanding anything contained in this Agreement to the contrary, CNB's Xxxxxxxx’x and MFC's BOC’s respective obligations and liabilities pursuant to Paragraph 6.04 and Articles VIII and IX of this Agreement shall not be affected by a termination of this Agreement, and, following any such termination, those obligations and liabilities shall survive, remain in full force and effect and be fully enforceable in accordance with their terms.

Appears in 1 contract

Samples: Agreement and Plan Of (Bank of the Carolinas CORP)

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