Common use of Validity of Transactions Clause in Contracts

Validity of Transactions. The validity of all transactions herein contemplated, as well as the form and substance of all opinions, certificates, instruments of transfer and other documents to be delivered to the Company hereunder, shall be subject to the approval, to be reasonably exercised, of counsel for the Company.

Appears in 3 contracts

Sources: Agreement and Plan of Reorganization (Pacific Community Banking Group), Agreement and Plan of Reorganization (Pacific Community Banking Group), Merger Agreement (Monarch Bancorp)

Validity of Transactions. The validity of all transactions herein contemplated, as well as the form and substance of all opinions, certificates, instruments of transfer and other documents to be delivered to the Company Bank hereunder, shall be subject to the approval, to be reasonably exercised, of counsel for the CompanyBank.

Appears in 3 contracts

Sources: Agreement and Plan of Reorganization (Pacific Community Banking Group), Agreement and Plan of Reorganization (Pacific Community Banking Group), Merger Agreement (Monarch Bancorp)