Common use of Litigation; Regulatory Action Clause in Contracts

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any court or governmental agency is pending against Sky or any of its Subsidiaries and, to Sky’s knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither Sky nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has Sky or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 4 contracts

Sources: Merger Agreement (Sky Financial Group Inc), Merger Agreement (Sky Financial Group Inc), Merger Agreement (Belmont Bancorp)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any court or governmental agency Governmental Authority is pending against Sky United or any of its Subsidiaries and, to Sky’s the best of United's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither Sky United nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has Sky United or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 4 contracts

Sources: Merger Agreement (United Bankshares Inc/Wv), Agreement and Plan of Merger (Fed One Bancorp Inc), Agreement and Plan of Merger (United Bankshares Inc/Wv)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any court or governmental agency Governmental Authority is pending against Sky COFI or any of its Subsidiaries and, to Sky’s COFI's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither Sky COFI nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has Sky COFI or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 1 contract

Sources: Merger Agreement (Charter One Financial Inc)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any court or governmental agency Governmental Authority is pending against Sky COFI or any of its Subsidiaries and, to Sky’s COFI's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither Sky COFI nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has Sky COFI or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letterletter or extraordinary, supervisory letter or similar submissionletter.

Appears in 1 contract

Sources: Merger Agreement (Charter One Financial Inc)

Litigation; Regulatory Action. (i) No material litigation, claim or other proceeding before any court or governmental agency is pending against Sky Parent or any of its Subsidiaries and, to Sky’s Parent's knowledge, no such litigation, claim or other proceeding has been threatened. (ii) Neither Sky Parent nor any of its Subsidiaries or properties is a party to or is subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a commitment letter or similar submission to, or extraordinary supervisory letter from a Regulatory Authority, nor has Sky Parent or any of its Subsidiaries been advised by a Regulatory Authority that such agency is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting) any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.

Appears in 1 contract

Sources: Merger Agreement (LNB Bancorp Inc)