REGULATORY DIVESTITURES. No later than the Effective Date, the Company shall cease engaging in such activities as InterWest shall advise the Company in writing are not permitted to be engaged in by InterWest under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Plan, the Company shall divest any Subsidiary engaged in activities or holding assets that are impermissible for InterWest or its Subsidiaries, on terms and conditions agreed to by InterWest; PROVIDED, HOWEVER, that prior to taking such action, InterWest shall certify that the conditions to the obligations of InterWest under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Plan, other than the condition set forth in Section 6.1(G), have been satisfied or waived.
REGULATORY DIVESTITURES. 26 5.18 CURRENT INFORMATION...............................................26 5.19 INDEMNIFICATION...................................................26 5.20
REGULATORY DIVESTITURES. In the case of the Company: No later than the Effective Date, the Company shall cease engaging in such activities as Heritage shall advise the Company in writing are not permitted to be engaged in by Heritage under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Plan, the Company shall divest any Subsidiary engaged in activities or holding assets that are impermissible for Heritage or its Subsidiaries, on terms and conditions agreed to by Heritage; provided, however, that prior to taking such action, Heritage shall certify that the conditions to the obligations of Heritage under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Plan, other than the conditions set forth in Section 6.1(G), have been satisfied or waived.
REGULATORY DIVESTITURES. No later than the Effective Date, MBI shall cease engaging in such activities as HBI shall advise MBI in writing are not permitted to be engaged in by HBI under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Plan, MBI shall divest any Subsidiary engaged in activities or holding assets that are impermissible for HBI, on terms and conditions agreed to by HBI; provided, however, that prior to MBI taking such action, HBI shall certify that the conditions to its obligations under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Plan have been satisfied or waived.
REGULATORY DIVESTITURES. In the case of NorthStar: No later than the Effective Date, NorthStar shall cease engaging in such activities as Frontier shall advise NorthStar in writing are not permitted to be engaged in by Frontier under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Agreement, NorthStar shall divest any Subsidiary engaged in activities or holding assets that are impermissible for Frontier or Frontier Bank, on terms and conditions agreed to by Frontier; PROVIDED, HOWEVER, that prior to taking such action, Frontier shall certify that the conditions to the obligations of Frontier under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Agreement.
REGULATORY DIVESTITURES. 24 5.18 CURRENT INFORMATION...................................................25 5.19 401(k) PLANS..........................................................25 5.20 INDEMNIFICATION.......................................................25
REGULATORY DIVESTITURES. Effective on or before the Effective Date, the Bank shall cease engaging in such activities as InterWest shall advise the Bank in writing are not permitted to be engaged in by InterWest under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Plan, the Bank shall divest any Subsidiary engaged in activities or holding assets that are impermissible for InterWest or InterWest Bank, on terms and conditions agreed to by InterWest; provided, however, that prior to taking such action, InterWest shall certify that the conditions to the obligations of InterWest under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Plan, other than the condition set forth in Section 6.1(G), have been satisfied or waived.
REGULATORY DIVESTITURES. No later than the Effective Date, TCB shall cease engaging in such activities as HBI shall advise TCB in writing is not permitted to be engaged in by HBI under applicable law following the Effective Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Plan, TCB shall divest any Subsidiary engaged in activities or holding assets that are impermissible for HBI, on terms and conditions agreed to by HBI, as applicable; provided, however, that prior to TCB taking such action, HBI shall certify that the conditions to its obligations under Sections 6.1 and 6.2 to consummate the transactions contemplated by this Plan have been satisfied or waived.
REGULATORY DIVESTITURES. No later than the Closing Date, MVBI shall cease engaging in such activities as HBI shall advise MVBI in writing are not permitted to be engaged in by HBI under applicable law following the Closing Date and, to the extent required by any Regulatory Authority as a condition of approval of the transactions contemplated by this Agreement, MVBI shall divest any Subsidiary engaged in activities or holding assets that are impermissible for HBI, on terms and conditions agreed to by HBI; provided, however, that prior to MVBI taking such action, HBI shall certify that the conditions of Sections 6.1 and 6.2 to HBI's obligations to consummate the transactions contemplated by this Agreement have been satisfied or waived.
REGULATORY DIVESTITURES. 24 5.18 CURRENT INFORMATION............................................... 24 5.19 INDEMNIFICATION................................................... 24 5.20 DIRECTOR AGREEMENTS REGARDING REAL ESTATE......................... 25
