PB Board definition
Examples of PB Board in a sentence
Subject to Section 10.1(k) of this Agreement, the PB Board shall unanimously recommend that the holders of PB Common Stock vote for and adopt the Merger provided for in the Proxy Statement/Prospectus and this Agreement.
No action or proceeding shall have been instituted by any Person, and the Parties shall not have Knowledge of any threatened action or proceeding by any Person, that seeks to restrain the consummation of the Merger or any other transaction provided for in this Agreement that, in the opinion of the NCC Board or the PB Board, renders it impossible or inadvisable to consummate the transactions provided for in this Agreement.
If the PB Board elects to exercise its termination right pursuant to the immediately preceding sentence, it shall give prompt written notice thereof to NCC at any time during the two (2) Business Day period commencing on the Business Day following the Determination Date; provided that such notice of election to terminate may be withdrawn at any time within the aforementioned two (2) Business Day period.
Concurrently with the execution and delivery of this Agreement and as a material condition hereto, each member of the PB Board and certain executive officers of PB are entering into Voting Agreements with NCC whereby, among other things, such Persons have agreed, upon the terms and subject to the conditions set forth therein, to vote all of the shares of PB Common Stock owned by them in favor of this Agreement and the Merger and to support actions necessary to consummate the Merger.