FIBS definition
Examples of FIBS in a sentence
As provided in the Plan, if FIBS is Dissolved or if FIBS is a party to a merger, reorganization, or consolidation in which FIBS is not the surviving corporation (a “Change in Control”), 100% of the Restricted Stock Benefit shall vest and become exercisable (unless previously forfeited).
First Western shall retain all liability and responsibility, whether imposed by state or federal law, for providing continuation coverage of health insurance to all employees and former employees of First Western or the Target Subsidiaries whose “qualifying events” occur on or before the Closing Date, and FIBS shall not be considered a “successor employer” or to maintain a “successor plan” to First Western’s group medical plan for purposes of such continuation health coverage.
Regulatory Approval shall not contain any conditions or restrictions which, in FIBS’ sole judgment, shall restrict or limit the business or activities of FIBS and its subsidiaries or the Target Subsidiaries, or have a Material Adverse Effect.
FIBS shall furnish First Western and the holder of the Preferred Stock with a copy of the escrow agreement for review and comments before it is executed and with a signed copy of the escrow agreement when it is executed.
The execution, delivery and performance of this Agreement by FIBS, and the consummation by it of the contemplated transactions, has been duly authorized by such corporate actions as deemed appropriate, and no other corporate proceedings are necessary to authorize this Agreement and such transactions.
As of the Effective Date, FIBS has not been advised by the SEC that any of the FIBS SEC Filings is the subject of ongoing SEC review.
FIBS shall complete its inspection of the Premises and notify First Western in writing of any Premises Defects as soon as reasonably practical but not later than sixty (60) days following the Effective Date.
Neither FIBS or FIBS Affiliates nor First Western or First Western Affiliates shall make any public announcement or statement with respect to this Agreement or any transaction contemplated by this Agreement or any related transactions without the approval of FIBS and First Western; provided, however, that FIBS and First Western may, upon reasonable notice to the other party, make any public announcement or statement that it reasonably believes is required by Law.
First Western grants to FIBS, for and on behalf of itself and any legal successor and future holders of the Preferred Stock, a right of setoff against all dividends, distributions or other payment FIBS may make on or with respect to the Preferred Stock, whether in redemption or otherwise, for any obligation of First Western to indemnify FIBS or an FIBS Affiliate under this Agreement.
All notices and other communications hereunder shall be in writing and shall be sufficiently given if made by hand delivery, by facsimile, or by registered or certified mail (postage prepaid and return receipt requested) to the parties at the following addresses (or at such other address for a party as shall be specified by it by like notice): if to FIBS, for all purposes other than under Section 5.1: T▇▇▇▇▇▇ ▇.