BFFC definition
Examples of BFFC in a sentence
Notwithstanding anything to the contrary contained herein, nothing contained herein shall be construed as prohibiting Midwest from taking appropriate actions to consummate the acquisition of BFFC in accordance with the terms and conditions of the Reorganization Agreement.
As of June 30, 2002, 20,423 shares of BFFC Common Stock were outstanding under BFFC's Recognition and Retention Plan and Trusts (10,366 shares of which will be cancelled prior to the Effective Time).
No capital stock of the Bank is or may become required to be issued (other than to BFFC) by reason of any options, warrants, scrip, rights to subscribe to, calls, or commitments of any character whatsoever relating to, or securities or rights convertible into or exchangeable for, shares of the capital stock of the Bank.
BFFC has heretofore delivered to Midwest its audited, consolidated financial statements for the years ended June 30, 2001, June 30, 2000 and June 30, 1999, and its unaudited, consolidated financial statements for the nine (9) months ended March 31, 2002 (the "BFFC Financial Statements"), and the Reports of Income and Reports of Condition for the Bank for the years ended December 31, 2001, December 31, 2000, and December 31, 1999, and for the three months ended March 31, 2002 (the "Bank Reports").
Except as disclosed in the SCHEDULE 3.25 OF THE DISCLOSURE SCHEDULE OF BFFC, none of such leases contains a prohibition against assignment by BFFC or the Bank, by operation of law or otherwise, or any other provision which would preclude BFFC or the Bank from possessing and using the leased premises for the same purposes and upon the same rental and other terms upon the consummation of the Merger as are applicable to the possession and use by BFFC or the Bank as of the date of this Agreement.
BFFC and Midwest agree all the Confidential Information prepared in the course of or for the purpose of the discussions between BFFC and Midwest and the consummation of the transactions contemplated herein shall not be used by Midwest or its agents, representatives, persons or entities in any manner whatsoever or for any purpose unless specified herein or agreed to in writing by the parties.
Prior to the Effective Time, BFFC shall be permitted to make such changes to the ESOP as it deems appropriate to carry out the provisions of the ESOP and this SECTION 5.11(c) and shall file a request for determination with the IRS with respect to the termination of the ESOP.
Midwest shall deliver a copy of all regulatory applications to BFFC in advance of filing them (in order to provide BFFC with an opportunity to review and comment) and copies of all responses, written communications from or to regulatory authorities relating to such applications, the Merger or this Agreement (to the extent permitted by law), and Midwest shall deliver a final copy of all regulatory applications to BFFC promptly after they are filed with the appropriate regulatory authority.
Except as set forth in the SCHEDULE 3.15 OF THE DISCLOSURE SCHEDULE OF BFFC, all such loans are, and at the Closing Date will be, free and clear of any security interest, lien, encumbrance or other charge, and BFFC and the Bank have complied, and at the Closing Date will have complied, in all material respects, with all material laws and regulations relating to such loans.
To the best of the knowledge of BFFC, all outstanding loans and other contractual arrangements (including deposit relationships) between BFFC or the Bank and any officer, director or employee of BFFC or the Bank conform to the applicable rules and regulations and requirements of all applicable regulatory agencies which were in effect when such loans and other contractual arrangements were entered into.