SSFC definition
Examples of SSFC in a sentence
SSFC shall use reasonable good faith efforts to prepare all necessary filings with any Agencies which may be necessary for approval to consummate the transactions contemplated by this Agreement.
There shall have been furnished to such counsel for Acquired Corporation certified copies of such corporate records of SSFC and copies of such other documents as such counsel may reasonably have requested for such purpose.
On the Effective Date, all employees of Acquired Corporation shall either become employees of SSFC or be entitled to severance benefits in accordance with the severance policy of Acquired Corporation as of the date of this Agreement.
Subject to the matters referred to in section 7.2 hereof, SSFC has full power, authority and legal right to enter into this Agreement and to consummate the transactions contemplated by this Agreement.
At the consummation and Effective Date and time of the Merger contemplated hereunder, the employment agreements shall immediately become the liability of SSFC.
On the Effective Date, Acquired Corporation shall be merged with and into SSFC which shall be the surviving corporation in the merger (the "Merger") and shall continue its corporate existence under the laws of the State of Delaware.
Complete and accurate copies of all contracts, plans and other items so listed have been made or will be made available to SSFC for inspection.
SSFC has the necessary corporate powers to carry on its business as presently conducted and is qualified to do business in every jurisdiction in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification or in which the failure to qualify could, individually or in the aggregate, have a material adverse effect.
Acquired Corporation does not have in its portfolio any loan exceeding its legal lending limit, and, Acquired Corporation has no known significant delinquent, substandard, doubtful, loss, non performing or problem loans which have not been disclosed to SSFC.
SSFC has no knowledge of any fact or circumstance under which the appropriate regulatory approvals required by section 7.2 will not be granted without the imposition of material conditions or material delays.