OFED definition
Examples of OFED in a sentence
Such independent valuation expert shall, as of a date no earlier than 20 days and no later than 10 days prior to the First Merger Effective Time, provide to ▇▇▇▇▇▇▇▇ Federal and OFED a letter (the “Valuation Confirmation Letter”) confirming that the Valuation remains in effect and that, to the knowledge of such independent valuation expert, no material event has occurred that would cause such independent valuation expert to conclude that the Valuation should be adjusted.
Prior to performing any Phase II, OFED will provide ▇▇▇▇▇▇▇▇ Federal with a copy of its proposed work plan and OFED will cooperate in good faith with ▇▇▇▇▇▇▇▇ Federal to address any comments or suggestions made by ▇▇▇▇▇▇▇▇ Federal regarding the work plan.
Except for shares of OFED Common Stock (and any equity interests that may be attributed to Oconee MHC due to its ownership of OFED Common Stock), Oconee MHC does not possess, directly or indirectly, any equity interest in any corporation.
OFED will furnish to ▇▇▇▇▇▇▇▇ Federal copies of all documents, statements and reports as it files with any Regulatory Authority with respect to the Mergers.
In the event that OFED determines that a condition to the Oconee Parties’ obligations to complete the Merger cannot be fulfilled and that it will not waive that condition, it will promptly notify ▇▇▇▇▇▇▇▇ Federal.
Subject to the terms and conditions herein provided, OFED agrees to use all best efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions contemplated by this Agreement.
OFED shall use commercially reasonable efforts to minimize any interference with ▇▇▇▇▇▇▇▇ Federal’s regular business operations during any such access to ▇▇▇▇▇▇▇▇ Federal’s property, books and records.
In the event the ▇▇▇▇▇▇▇▇ Federal 401(k) Plan is terminated, OFED shall, or shall cause its Affiliates to, use reasonable best efforts, including the adoption of any necessary amendments to cause the Oconee Federal 401(k) Plan to accept a “direct rollover” of all Continuing Employees’ account balances under the ▇▇▇▇▇▇▇▇ Federal 401(k) Plan, provided, that such rollover is elected in accordance with applicable law and is permitted by the terms and conditions of the Oconee Federal 401(k) Plan.
The Parties shall have obtained the consent or approval of each person (other than the Regulatory Approvals) whose consent or approval shall be required to consummate the transactions contemplated by this Agreement, except for those for which failure to obtain such consent or approval would not, individually or in the aggregate, have a Material Adverse Effect on OFED (after giving effect to the consummation of the transactions contemplated hereby).
OFED will promptly notify ▇▇▇▇▇▇▇▇ Federal, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), which might adversely affect the ability of the parties to obtain the Regulatory Approvals or materially increase the period of time necessary to obtain such approvals; or the institution of material litigation involving any of the Oconee Parties.