ACQUISITION ACTIVITY Sample Clauses

ACQUISITION ACTIVITY. The Tattnall Bank On December 4, 2009, the Company participated in a federally-assisted acquisition of substantially all of the assets and substantially all of the liabilities of the Tattnall Bank (“Tattnall”) from the FDIC. Tattnall operated two branch offices in the Southeast Georgia markets of Reidsville and Xxxxxxx. The Company’s bid included a discount payment from the FDIC totaling $15.0 million. The Company did not enter into a loss- sharing agreement with the FDIC. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of the acquisition: (dollars in thousands) Assets Acquired from the FDIC Fair Value and Other Adjustments As Recorded by Heritage Financial Group Cash and cash equivalents $ 19,204 $ 12,700 (a) $ 31,904 Investment securities 1,036 – 1,036 Loans 32,472 (7,598)(b) 24,874 Foreclosed assets 5,470 (4,869)(c) 601 Core deposit intangibles – 159 (d) 159 Due from the FDIC – 1,108 (e) 1,108 Other assets 600 – 600 Total Assets $ 58,782 1,500 $ 60,282 Liabilities Noninterest-bearing deposits $ 4,661 $ – $ 4,661 Interest-bearing deposits 51,507 369 (f ) 51,876 Borrowings Accrual for expenses associated with the disposition of problem assets 1,294 – – 2,315 (g) 1,294 2,315 Other liabilities 136 – 136 Total Liabilities $ 57,598 $ 2,684 $ 60,282 Explanations
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Related to ACQUISITION ACTIVITY

  • Information Acquisition Connecting Transmission Owner and Developer shall each submit specific information regarding the electrical characteristics of their respective facilities to the other, and to NYISO, as described below and in accordance with Applicable Reliability Standards.

  • Acquisition For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of the assets of the Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization (or, if such Company stockholders beneficially own a majority of the outstanding voting power of the surviving or successor entity as of immediately after such merger, consolidation or reorganization, such surviving or successor entity is not the Company); or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power.

  • Acquisitions Acquire or agree to acquire by merging with, or by purchasing a substantial portion of the stock or assets of, or by any other manner, any business or any corporation, partnership, association or other business organization or division thereof or otherwise acquire or agree to acquire any assets that are material individually or in the aggregate, to its business, taken as a whole;

  • Community Engagement Integration Activities The SP will support the HSP to engage the community of diverse persons and entities in the area where it provides health services when setting priorities for the delivery of health services and when developing plans for submission to the LHIN including but not limited to CAPS and integration proposals.

  • Time Off for Union Activities A. Conventions and Conferences Union-designated employees may be allowed time off without pay to attend union-sponsored conventions or conferences. Approval for the time off must be granted in advance of the absence and in accordance with the Employer’s leave policies. Approval will not be granted if the absence interferes with the Employer’s ability to provide coverage during the requested time off or the operating needs of the agency cannot be met.

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Permitted Activities The Executive shall devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from:

  • PERMITTED TRANSACTIONS The Member is free to engage in any activity on its own or by the means of any entity. The Member’s fiduciary duty of loyalty, as it applies to outside business activities and opportunities, and the “corporate opportunity doctrine,” as such doctrine may be described under general corporation law, is hereby eliminated to the maximum extent allowed by the Act.

  • Scholarly Activity The parties recognize that research and scholarly activity have always been an integral component of faculty work at Kwantlen Polytechnic University. Research and scholarship inform teaching, curriculum and teaching practices, enhance the knowledge of faculty and students, and enable faculty members to remain intellectually stimulated and current in their fields. Scholarly activity is a dynamic process consisting of the following interrelated components: discovery, application, integration, teaching and learning, and creative artistry. Nothing in this provision shall be construed as increasing a faculty member’s assigned workload.

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