Common use of Updated Fairness Opinion Clause in Contracts

Updated Fairness Opinion. CIB shall use its reasonable best efforts to obtain an updated written opinion from JMS to the effect that the consideration to be received by shareholders of CIB pursuant to this Agreement is fair, from a financial point of view, to such shareholders, dated not more than ten days prior to the date of mailing of the Prospectus/Proxy Statement to the shareholders of CIB, for inclusion in such Prospectus/Proxy Statement.

Appears in 1 contract

Sources: Merger Agreement (National Penn Bancshares Inc)

Updated Fairness Opinion. CIB shall use its reasonable best ------------------------ efforts to obtain an updated written opinion from JMS to the effect that the consideration to be received by shareholders of CIB pursuant to this Agreement is fair, from a financial point of view, to such shareholders, dated not more than ten days prior to the date of mailing of the Prospectus/Proxy Statement to the shareholders of CIB, for inclusion in such Prospectus/Proxy Statement.

Appears in 1 contract

Sources: Merger Agreement (Community Independent Bank Inc)