Authorized and Effective Agreement. (a) CBSI has all requisite corporate power and authority to enter into and perform all of its obligations under this Agreement and each of the Transaction Documents to which it is a party. The execution and delivery of this Agreement and each such Transaction Document and the consummation of the Transactions have been duly and validly authorized by all necessary corporate action in respect thereof on the part of CBSI. The Board of Directors of CBSI has approved and adopted this Agreement and the Merger.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Oneida Financial Corp.), Agreement and Plan of Merger (Community Bank System, Inc.), Agreement and Plan of Merger (Wilber CORP)
Authorized and Effective Agreement. (a) CBSI has all requisite corporate power and authority to enter into and perform all of its obligations under this Agreement and each of the Transaction Documents to which it is a party. The execution and delivery of this Agreement and each such Transaction Document Agreement and the consummation of the Transactions transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action in respect thereof on the part of CBSI. The Board of Directors of CBSI has approved and adopted this Agreement and the Merger.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Grange National Banc Corp), Agreement and Plan of Merger (Community Bank System Inc)
