Bank Acquisition: Banking-Related Interim Operating Covenants

Summary

This template Bank Acquisition: Banking-Related Interim Operating Covenants clause provides several common interim covenants used in banking-related acquisition agreements. These covenants can be added alongside other more general interim covenants included in the underlying acquisition agreement. This clause includes practical guidance and drafting notes. For discussion of other acquisition agreement considerations specific to a bank acquisition, see U.S. Bank M&A Practice Guide.