Common use of Obstacles to Regulatory Approval Clause in Contracts

Obstacles to Regulatory Approval. To the Best Knowledge of FCB, no fact or condition (including without limitation FCB’s record of compliance with the Community Reinvestment Act) exists that may reasonably be expected to prevent or materially impede or delay FCB, Bancorp or the SFC Companies from obtaining all approvals of Regulatory Authorities required in order to consummate the transactions described in this Agreement; and, if any such fact or condition becomes known to FCB or Bancorp, it shall promptly (and in any event within three days after obtaining such Knowledge) give notice of such fact or condition to SFC in the manner provided herein.

Obstacles to Regulatory Approval. To the Best Knowledge of FCB, no fact or condition (including without limitation FCB’s record of compliance with the Community Reinvestment Act) exists that may reasonably be expected to prevent or materially impede or delay FCB, Bancorp PCCC, PCB or the SFC Companies PFS from obtaining all the regulatory approvals of Regulatory Authorities required in order to consummate the transactions described in this Agreement; and, if any such fact or condition becomes known to FCB or BancorpFCB, it shall promptly (and in any event within three days after obtaining such Knowledge) give notice of such fact or condition to SFC PCCC in the manner provided herein.