Common use of Board and Officers of the Surviving Corporation Clause in Contracts

Board and Officers of the Surviving Corporation. (a) The directors of Merger Sub immediately prior to the Effective Time shall be the initial directors of the Surviving Corporation following the Merger, each to hold office until the earlier of such person's resignation or removal or until a successor is duly elected and qualified, as the case may be.

Appears in 2 contracts

Samples: Merger Agreement (Imperial Credit Industries Inc), Merger Agreement (Imperial Credit Commercial Mortgage Investment Corp)

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Board and Officers of the Surviving Corporation. (a) The directors of Merger Sub immediately prior to the Effective Time shall be the initial directors of the Surviving Corporation following the Merger, each to hold office until the earlier of such person's resignation or removal or until a successor is duly elected and qualified, as the case may be. The officers of the Company immediately prior to the Effective Time shall be the initial officers of the Surviving Corporation following the Merger, each to hold office until the earlier of such person's resignation or removal or until a successor is duly elected and qualified, as the case may be.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Annaly Mortgage Management Inc)

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Board and Officers of the Surviving Corporation. (a) The directors of Merger Sub immediately prior to the Effective Time shall be the initial directors of the Surviving Corporation following the Merger, each to hold office until the earlier of such personindividual's resignation or removal or until a successor is duly elected and qualified, as the case may be.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Blue Bird Body Co)

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