Common use of ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK Clause in Contracts

ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. On the effective date of the Initial Consolidation and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt as in effect on the effective date of the Initial Consolidation. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Sunbelt as in effect on the effective date of the Initial Consolidation. The main office of the First Surviving Bank shall be the main office of Sunbelt as of the effective date of the Initial Consolidation, and all corporate acts, plans, policies, contracts, approvals and authorizations of Sunbelt and New Bank and their respective shareholders, boards of directors, committees elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the effective date of the Initial Consolidation, shall be taken for all purposes as the acts, plans, policies, contracts, approvals and authorization of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Sunbelt and New Bank respectively, as of the effective date of the Initial Consolidation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Prime Bancshares Inc /Tx/)

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ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. On the effective date of At the Initial Consolidation Merger Effective Time and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt First Bank as in effect on the effective date of at the Initial ConsolidationMerger Effective Time. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Sunbelt First Bank as in effect on the effective date of at the Initial ConsolidationMerger Effective Time. The main office of the First Surviving Bank shall be the main office of Sunbelt First Bank as of the effective date of the Initial ConsolidationMerger Effective Time, and all corporate acts, plans, policies, contracts, approvals and authorizations of Sunbelt First Bank and New Bank Acquisition and their respective shareholders, boards of directors, committees elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the effective date of the Initial ConsolidationMerger Effective Time, shall be taken for all purposes as the acts, plans, policies, contracts, approvals and authorization of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Sunbelt First Bank and New Bank Acquisition respectively, as of the effective date of the Initial ConsolidationMerger Effective Time.

Appears in 1 contract

Samples: Escrow Agreement (Bay Bancshares Inc)

ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. On At the effective date time of the Initial Consolidation Merger and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt Union as in effect on at the effective date time of the Initial ConsolidationMerger. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Sunbelt Union as in effect on at the effective date time of the Initial ConsolidationMerger. The main office of the First Surviving Bank shall be the main office of Sunbelt Union as of the effective date time of the Initial ConsolidationMerger, and all corporate acts, plans, policies, contracts, approvals and authorizations of Sunbelt Union and New Bank and their respective shareholders, boards of directors, committees elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the effective date time of the Initial ConsolidationMerger, shall be taken for all purposes as the acts, plans, policies, contracts, approvals and authorization of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Sunbelt Union and New Bank respectively, as of the effective date time of the Initial ConsolidationMerger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Prosperity Bancshares Inc)

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ARTICLES OF ASSOCIATION, BYLAWS AND FACILITIES OF FIRST SURVIVING BANK. On the effective date of At the Initial Consolidation Effective Time and until thereafter amended in accordance with applicable law, the Articles of Association of the First Surviving Bank shall be the Articles of Association of Sunbelt Baytown as in effect on the effective date of at the Initial ConsolidationConsolidation Effective Time. Until altered, amended or repealed as provided therein and in the Articles of Association of the First Surviving Bank, the Bylaws of the First Surviving Bank shall be the Bylaws of Sunbelt Baytown as in effect on the effective date of at the Initial ConsolidationConsolidation Effective Time. The main office of the First Surviving Bank shall be the main office of Sunbelt Baytown as of the effective date of the Initial ConsolidationConsolidation Effective Time, and all corporate acts, plans, policies, contracts, approvals approvals, and authorizations of Sunbelt Baytown and New Bank and their respective shareholders, boards of directors, committees committees, elected or appointed thereby, officers and agents, which were valid and effective immediately prior to the effective date of the Initial ConsolidationConsolidation Effective Time, shall be taken for all purposes as the acts, plans, policies, contracts, approvals approvals, and authorization authorizations of the First Surviving Bank and shall be as effective and binding thereon as the same were with respect to Sunbelt Baytown and New Bank Bank, respectively, as of the effective date of the Initial ConsolidationConsolidation Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bay Bancshares Inc)

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