Common use of Satisfaction of Liabilities Clause in Contracts

Satisfaction of Liabilities. Pay any obligation or liability, absolute or contingent, in excess of $50,000 except liabilities shown on the 1996 Financial Statements or except in the usual and ordinary course of business or in connection with the transactions contemplated by this Agreement;

Appears in 2 contracts

Sources: Merger Agreement (SJS Bancorp Inc), Merger Agreement (Shoreline Financial Corp)

Satisfaction of Liabilities. Pay any obligation or liability, absolute or contingent, in excess of $50,000 except liabilities shown on the 1996 Company Financial Statements or except in the usual and ordinary course of business or in connection with the transactions contemplated by this Agreement;.

Appears in 1 contract

Sources: Merger Agreement (Chemical Financial Corp)

Satisfaction of Liabilities. Pay any obligation or liability, absolute or contingent, in excess of $50,000 except liabilities shown on the 1996 Keystone Financial Statements or except in the usual and ordinary course of business or in connection with the transactions contemplated by this Agreement;Plan of Merger.

Appears in 1 contract

Sources: Merger Agreement (Firstbank Corp)