REGULATORY IMPEDIMENT. Either the Partnership or the Bank may unilaterally terminate this Agreement at any time prior to the Closing if (a) a Bank Regulator shall have made a final determination denying an application of any Party the granting of which is essential to the consummation of the Merger, or (b) the occurrence of the Closing would violate any final order, decree or judgment of any court having competent jurisdiction.
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Sources: Merger Agreement (SDN Bancorp)
REGULATORY IMPEDIMENT. Either the Partnership Company (on behalf of itself and Merger Sub) or the Bank SUBJECT BANK may unilaterally terminate this Agreement at any time prior to the Closing if (a) a Bank Regulator shall have made a final determination denying an application of any either Party the granting of which is essential to the consummation of the Merger, or (b) the occurrence of the Closing would violate any final order, decree or judgment of any court having competent jurisdiction.
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