Common use of Amendments; Additional Agreements Clause in Contracts

Amendments; Additional Agreements. At any time before or after approval and adoption by the shareholder of the Bank, this Agreement may, by written instrument executed by the Constituent Banks, be modified, amended or supplemented by additional agreements, articles or certificates as may be determined in the judgment of the respective board of directors of the Constituent Banks to be necessary, desirable or expedient to further the purposes of this Agreement, to clarify the intention of the Parties, to add to or modify the covenants, terms or conditions contained herein or to effectuate or facilitate any governmental approval of the Bank Merger or this Agreement, or otherwise to effectuate or facilitate the consummation of the transactions contemplated hereby.

Appears in 5 contracts

Sources: Merger Agreement (Select Bancorp, Inc.), Merger Agreement (ASB Bancorp Inc), Merger Agreement (First Bancorp /Nc/)

Amendments; Additional Agreements. At any time before or after approval and adoption by the shareholder of the Bank, this Agreement may, by written instrument executed by the Constituent Banks, be modified, amended or supplemented by additional agreements, articles or certificates as may be determined in the judgment of the respective board of directors of the Constituent Banks to be necessary, desirable or expedient to further the purposes of this Agreement, to clarify the intention of the PartiesConstituent Banks, to add to or modify the covenants, terms or conditions contained herein or to effectuate or facilitate any governmental approval of the Bank Merger or this Agreement, or otherwise to effectuate or facilitate the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Sources: Merger Agreement (Grandsouth Bancorporation), Merger Agreement (First Bancorp /Nc/)

Amendments; Additional Agreements. At any time before or after the approval and adoption by the shareholder respective shareholders of the Bank, this Agreement may, by written instrument executed by the Constituent Banks, this Agreement (other than Sections 5 and 6) may be modified, amended or supplemented by additional agreements, articles or certificates as may be determined in the judgment of the respective board boards of directors Directors of the Constituent constituent Banks to be necessary, desirable or expedient to further the purposes of this Agreement, to clarify the intention of the Partiesparties, to add to or modify the covenants, terms or conditions contained herein or to effectuate or facilitate any an governmental approval of the Bank Merger or of this Agreement, or otherwise to effectuate or facilitate the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (FNB Banking Co), Merger Agreement (FNB Banking Co)

Amendments; Additional Agreements. At any time before or after approval and adoption by the shareholder of the Bank, this Agreement may, by written instrument executed by the Constituent Banks, be modified, amended or supplemented by additional agreements, articles or certificates as may be determined in the judgment of the respective board of directors of the Constituent Banks to be necessary, desirable or expedient to further the purposes of this Agreement, to clarify the intention of the Parties, to add to or modify the covenants, terms or conditions contained herein or to effectuate or facilitate any governmental approval of the Bank Merger or this Agreement, or otherwise to effectuate or facilitate the consummation of the transactions contemplated hereby.. [signatures appear on next page]

Appears in 1 contract

Sources: Merger Agreement (First Bancorp /Nc/)

Amendments; Additional Agreements. At any time before or after approval and adoption by the shareholder of the Bank, this Agreement may, by written instrument executed by the Constituent Banks, may be modified, amended or supplemented by additional agreements, articles or certificates as may be determined in the judgment of the respective board Boards of directors Directors of the Constituent Banks to be necessary, desirable or expedient to further the purposes of this Agreement, to clarify the intention of the Partiesparties, to add to or modify the covenants, terms or conditions contained herein or to effectuate or facilitate any governmental approval of the Bank Merger or this Agreement, or otherwise to effectuate or facilitate the consummation of the transactions contemplated hereby.

Appears in 1 contract

Sources: Merger Agreement (HCSB Financial Corp)