Regulatory Approvals; No Burdensome Condition. All regulatory approvals required to consummate the transactions contemplated hereby, including the Bank Merger, shall have been obtained and shall remain in full force and effect and all statutory waiting periods in respect thereof shall have expired. None of such regulatory approvals shall impose any term, condition or restriction upon Buyer or any of its Subsidiaries that Buyer reasonably determines is a Burdensome Condition, it being understood that in the event that a regulatory approval requires the divestiture of one of the Company Bank’s branch offices as a condition to the approval, such divestitute shall not be considered a Burdensome Condition.
Appears in 2 contracts
Sources: Merger Agreement (Union Bankshares Co/Me), Merger Agreement (Camden National Corp)