Common use of Material Condition Clause in Contracts

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANB, any material adverse requirement upon ANB or any ANB Subsidiary, including without limitation any requirement that ANB sell or dispose of any significant amount of the assets of FCB, FCB Bank and their respective subsidiaries, or any other ANB Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB or any ANB Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANB, any material adverse requirement upon ANB or any ANB Subsidiary, including without limitation any requirement that ANB sell or dispose of any significant amount of the assets of FCBPBF, FCB PBF Bank and their respective subsidiaries, or any other ANB Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB PBF or any ANB Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANB, any material adverse requirement upon ANB or any ANB Subsidiary, including without limitation any requirement that ANB sell or dispose of any significant amount of the assets of FCBIRBC, FCB IRBC Bank and their respective subsidiaries, or any other ANB Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB IRBC or any ANB Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger or the Subsidiary Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANBUnited, any material adverse requirement upon ANB NCC or any ANB NCC Subsidiary, including without limitation any requirement that ANB NCC sell or dispose of any significant amount of the assets of FCB, FCB Bank NCC and their respective subsidiariesits Subsidiaries, or any other ANB NCC Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB NCC or any ANB NCC Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANBCapitalSouth, any material adverse requirement upon ANB CapitalSouth or any ANB CapitalSouth Subsidiary, including including, without limitation limitation, any requirement that ANB CapitalSouth sell or dispose of any significant amount of the assets of FCBMonticello, FCB Monticello Bank and their respective subsidiaries, or any other ANB CapitalSouth Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB Monticello or any ANB CapitalSouth Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the reasonable judgment of ANBJBI, any material adverse requirement upon ANB JBI or any ANB JBI Subsidiary, including without limitation any requirement that ANB JBI sell or dispose of any significant amount of the assets of FCBHBI, FCB HBI Bank and their respective subsidiaries, or any other ANB JBI Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB HBI or any ANB JBI Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANBTIB, any material adverse requirement upon ANB TIB or any ANB TIB Subsidiary, including without limitation any requirement that ANB TIB sell or dispose of any significant amount of the assets of FCB, FCB Bank BANK and their respective subsidiariesits Subsidiaries, or any other ANB TIB Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB BANK or any ANB TIB Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger or the Subsidiary Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANBNCC, any material adverse requirement upon ANB NCC or any ANB NCC Subsidiary, including without limitation any requirement that ANB NCC sell or dispose of any significant amount of the assets of FCB, FCB Bank United and their respective subsidiariesits Subsidiaries, or any other ANB NCC Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB United or any ANB NCC Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the reasonable judgment of ANBCBF, any material adverse requirement upon ANB CBF or any ANB CBF Subsidiary, including without limitation any requirement that ANB CBF sell or dispose of any significant amount of the assets of FCBVBI, FCB VBI Bank and their respective subsidiaries, or any other ANB CBF Subsidiary, provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB VBI or any ANB CBF Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.

Material Condition. There shall not be any action taken, or any statute, rule, regulation or order enacted, entered, enforced or deemed applicable to the Merger Transactions by any Regulatory Authority which, in connection with the grant of any Consent by any Regulatory Authority, imposes, in the judgment of ANBProtective, any material adverse requirement upon ANB Protective or any ANB Protective Subsidiary, including without limitation any requirement that ANB Protective sell or dispose of any significant amount of the assets of FCBBHC, FCB Bank and or their respective subsidiariesSubsidiaries, or any other ANB Protective Subsidiary, ; provided that, except for any such requirement relating to the above-described sale or disposition of any significant assets of FCB BHC or any ANB Protective Subsidiary, no such term or condition imposed by any Regulatory Authority in connection with the grant of any Consent by any Regulatory Authority shall be deemed to be a material adverse requirement unless it materially differs from terms and conditions customarily imposed by any such entity in connection with the acquisition of banks, savings associations and bank and savings association holding companies under similar circumstances.