Termination of Memorandum of Understanding. FNB shall have received written confirmation from the Office of the Comptroller of the Currency (the “OCC”) that the Memorandum of Understanding dated October 16, 2009 by and between the OCC and the board of directors of FNB, and all obligations and restrictions imposed upon FNB pursuant thereto, has been or will be terminated effective on or prior to the Effective Time.
Appears in 2 contracts
Sources: Merger Agreement (First Chester County Corp), Merger Agreement (First Chester County Corp)