Common use of Termination by Seller Clause in Contracts

Termination by Seller. This Agreement may be terminated and the transactions contemplated hereby abandoned by a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of SELLER:

Appears in 7 contracts

Samples: Office Purchase and Assumption Agreement (Ohio Legacy Corp), Purchase and Assumption Agreement (Home Bancshares Inc), Office Purchase and Assumption Agreement (CSB Bancorp Inc /Oh)

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Termination by Seller. This Agreement may be terminated by Seller and the transactions contemplated hereby abandoned by Seller upon a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of SELLER:Seller;

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Nb&t Financial Group Inc)

Termination by Seller. This Agreement may be terminated and the transactions contemplated hereby abandoned by a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of SELLERSeller:

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Banc Corp)

Termination by Seller. This Agreement may be terminated and the ---------------------- transactions contemplated hereby abandoned by a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of SELLER:

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Blackhawk Bancorp Inc)

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Termination by Seller. This Agreement may be terminated and the transactions contemplated hereby abandoned by a vote of a majority of the Board of Directors (or by the vote of the Executive Committee of such Board, if so empowered) of SELLER:Seller;

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Ameriana Bancorp)

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