PSBK definition
Examples of PSBK in a sentence
Notwithstanding anything to the contrary set forth in this Section, FCB makes no representation or warranty with respect to any information supplied by PSBK.
FCAL or the Exchange Agent shall be entitled to deduct and withhold from the consideration paid in accordance with this Section on account of PSBK Options such amounts as FCAL or the Exchange Agent is required to deduct and withhold from such payment under the Code or any provision of state, local or foreign Tax law.
PSBK shall use its reasonable best efforts to obtain the written acknowledgement of each holder of a then outstanding PSBK Option with regard to the cancellation of such PSBK Option and the payment therefor in accordance with the terms of this Agreement.
The PSBK Closing Shareholders’ Equity shall not be less than the PSBK Minimum Capital.
University shall, on the date of closing, execute and deliver to Buyer a good and sufficient Quit Claim deed conveying the Property to the Buyer, free of all liens and encumbrances except as noted thereon.
This Agreement may be terminated and abandoned at any time before the Effective Time, whether before or after action thereon by the shareholders of PSBK, pursuant to the terms of the Reorganization Agreement.
FCAL shall use its commercially reasonable efforts to list, if required, prior to the Effective Time, on the NASDAQ the shares of FCAL Common Stock to be issued to the holders of PSBK Common Stock in the Merger.
As part of the Merger, each share of PSBK Common Stock other than Dissenting Shares will be converted into the right to receive the Per Share Stock Consideration pursuant to the terms of Article III hereof.
PSBK has duly performed in all material respects all of their material obligations thereunder to the extent that such obligations to perform have accrued; and, to its Knowledge, there are no breaches, violations or defaults or allegations or assertions of such by any party thereunder.
For purposes of this Section 11.2.2(A), FCAL and FCB are treated as one party and PSBK is treated as one party.