Common use of Condition Precedent to Closing Clause in Contracts

Condition Precedent to Closing. The following conditions must be satisfied prior to the closing of the Merger: (a) appropriate approvals must be obtained from or notices filed with the Office of the Comptroller of the Currency; and (b) the merger of First Merchants and Citizens contemplated by the Merger Agreement must occur.

Appears in 2 contracts

Sources: Merger Agreement (First Merchants Corp), Agreement of Reorganization and Merger (CFS Bancorp Inc)

Condition Precedent to Closing. The following conditions must be satisfied prior to the closing of the Merger: (a) appropriate approvals must be obtained from or notices filed with the Office of the Comptroller of the CurrencyCurrency (the “OCC”) and the Ohio Division of Financial Institutions (the “Division”); and (b) the merger of First Merchants and Citizens contemplated by the Holding Company Merger Agreement must occur.

Appears in 1 contract

Sources: Merger Agreement (First Merchants Corp)