Common use of Binding Effect/Merger or Reorganization Clause in Contracts

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, or person, unless and until such succeeding or continuing corporation, firm, or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the Holding Company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the Holding Company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporationcorporation or entity, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firmentity, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the The term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or holding company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or holding company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, a holding company which is a party to any such transaction may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the holding company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the Holding Company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the Holding Company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the holding company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the holding company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, in the event that a holding company is formed to own the Bank, it may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the holding company. as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Executive and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the Holding Company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the Holding Company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director Consultant and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the Holding Company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the Holding Company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations obligation of the Bank under this Agreement. Upon the occurrence of such event, event the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure insure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, . as applicable, their respective heirs, legal representatives, agents, successors, and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, or person, unless and until such succeeding or continuing corporation, firm, or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, or person, unless and until such succeeding or continuing corporation, firm, or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to such surviving or successor firmfpm, person, entity or corporation.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, legal representatives, agents, successors, and assignsBank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. In the alternative, the Holding Company may agree to assume and discharge the obligation of the Bank under this Agreement. Upon the occurrence of such event, the term “"Bank” " as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation, or the Holding Company, as the case may be.

Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of the Director and the Bank and, as applicable, their respective heirs, beneficiaries, legal representatives, agents, successors, successors and assigns. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm, firm or person, unless and until such succeeding or continuing corporation, firm, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such event, the term “Bank” Bank as used in this Agreement shall be deemed to refer to such surviving or successor firm, person, entity or corporation.