Common use of No Violation of Other Instruments Clause in Contracts

No Violation of Other Instruments. Subject to the receipt of the authorizations set forth in Section 5.1, the execution and delivery of this Agreement do not, and the consummation of the Merger will not, (i) violate any provision of the Articles of Incorporation or Bylaws of Buyer, (ii) violate any provision of, or result in the acceleration of any obligation under or in the termination, if applicable, of, any mortgage, deed of trust, note, lien, lease, franchise, license, permit, agreement, instrument, order, arbitration award, judgment or decree to which Buyer is a party or by which it is bound except for such as would not have a material adverse effect on the financial condition, business, properties, or results of operations of Buyer or the transactions contemplated hereby, (iii) violate or conflict with any other material restriction of any kind or character to which Buyer is subject, or (iv) enable any person to enjoin the transactions contemplated hereby. After approval of this Agreement by appropriate regulatory authorities, including but not limited to the FRB, the West Virginia Board of Banking and Financial Institutions, and the FDIC, Buyer will have taken all action required by law and its Articles of Incorporation and Bylaws necessary to authorize the execution and delivery of this Agreement and to authorize the consummation of the transactions contemplated hereby.

Appears in 1 contract

Sources: Stock Purchase Agreement (Highlands Bankshares Inc /Wv/)

No Violation of Other Instruments. Subject to the receipt of the authorizations set forth in Section 5.16.2, the execution and delivery of this Agreement do not, and the consummation of the Merger transactions contemplated by this Agreement will not, (i) violate any provision of the Articles of Incorporation or Bylaws of BuyerCentra, (ii) violate any provision of, or result in the acceleration of any obligation under or in the termination, if applicable, of, any mortgage, deed of trust, note, lien, lease, franchise, license, permit, agreement, instrument, order, arbitration award, judgment or decree to which Buyer Centra is a party or by which it is bound except for such as would not have a material adverse effect on the financial condition, business, properties, or results of operations of Buyer Centra or the transactions contemplated hereby, (iii) violate or conflict with any other material restriction of any kind or character to which Buyer Centra is subject, or (iv) enable any person to enjoin the transactions contemplated hereby. After approval of this Agreement by all appropriate regulatory authoritiesagencies, including but not limited to the FRB, the West Virginia Board of Banking and Financial Institutions, and the FDIC, Buyer Centra will have taken all action required by law and its Articles of Incorporation and Bylaws necessary to authorize the execution and delivery of this Agreement and to authorize the consummation of the transactions contemplated hereby.

Appears in 1 contract

Sources: Merger Agreement (Centra Financial Holdings Inc)