Active Change in Control Proposal Period
Active Change in Control Proposal Period. Means any period: (i) during which the Board of Directors of the Corporation has authorized solicitation by the Corporation of offers or expressions of interest for a transaction which, if consummated, would constitute a Change in Control; or (ii) during which the Corporation has received a proposal for a transaction which, if consummated, would constitute a Change in Control, and the Board of Directors has not determined to reject such proposal without any counter- offer or further...
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MACATAWA BANK CORP contract