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Bank Common Stock Sample Clauses

Bank Common Stock. Neither Seller Parent nor any of its Subsidiaries (including Seller and Bank) have outstanding any bonds, debentures, notes or other obligations, the holders of which have the right to vote (or convert into or exercise for securities having the right to vote) with holders of Bank Common Stock on any matter.
Bank Common StockOn the Effective Date, each share of Bank Common Stock issued and outstanding immediately prior to the Effective Date shall automatically by operation of law be converted into and shall become one share of Holding Company Common Stock. Such conversion shall not in any way preclude or prevent any holder of shares of Bank Common Stock from exercising his or her statutory right to dissent from the Merger and to receive from the Bank payment of the value of his or her shares of Bank Common Stock and such other rights and benefits as are provided by law.
Bank Common Stock. Each share of Bank Common Stock outstanding immediately prior to the Effective Time shall remain outstanding and shall be unaffected by the Merger.
Bank Common StockAt the Effective Time, each share of Bank Common Stock issued and outstanding immediately prior to the Effective Time, other than any such shares held by the Bank as treasury shares and any such shares held by a subsidiary of the Bank, shall automatically, by operation of law, be converted into and shall become one share of fully paid non-assessable Holding Company Common Stock. Any shares of Bank Common Stock held by the Bank as treasury shares shall be canceled and shall no longer be deemed to be issued or outstanding for any purpose, and all shares of Bank Common Stock held by any subsidiary of the Bank shall remain outstanding as Bank Common Stock without any change in the number of such shares or in the rights of the holder thereof.
Bank Common Stock. On the effective date of these Articles of Share Exchange, the holders of the then issued and outstanding shares of Bank Common Stock shall, without any further action on their part or on the part of the Holding Company, automatically and by operation of law, cease to own such shares, and instead each such holder of shares of Bank Common Stock shall become the owner of one share (or fraction thereof) of the Holding Company’s common stock, par value $0.01 per share (the “Holding Company Common Stock”), for each share (or fraction thereof) of Bank Common Stock theretofore held by such holder.
Bank Common Stock. As of the Effective Time, each issued and outstanding share of Bank Common Stock and all rights in respect thereof shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no FSB Common Stock or FSC Common Stock shall be delivered in exchange therefore.
Bank Common StockExcept as otherwise provided in this Agreement, each share of the Bank Common Stock issued and outstanding immediately prior to the Effective Time (other than shares held by shareholders of the Bank who exercise their dissenters' rights of appraisal) shall, as of the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive one (1) share of Company Common Stock (the "Exchange Ratio").
Bank Common Stock. The shares of common stock, $.01 par value, of the Bank issued and outstanding immediately prior to the Effective Time shall remain outstanding and unchanged.
Bank Common StockOn the Effective Date, the holders of the then issued and outstanding shares of Bank Common Stock shall, without any further action on their part or on the part of the Holding Company, automatically and by operation of law, cease to own such shares, and instead each such holder of shares of Bank Common Stock shall become an owner of one share (or fraction thereof) of Holding Company Common Stock for each share (or fraction thereof) of Bank Common Stock theretofore held by such holder. Thereafter, such persons shall have full and exclusive power to vote such shares of Holding Company Common Stock, to receive dividends thereon, and to exercise all rights of an owner thereof.
Bank Common Stock. The shares of common stock of Bank outstanding immediately prior to the Effective Time shall not be affected by the Merger but shall be the same number of shares of the Surviving Bank.