Common use of Capital of Surviving Bank Clause in Contracts

Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 5,000,000 shares of common stock, par value $0.01 per share, and 1,000,000 shares of preferred stock, no par value per share, of which 1,000 shares of common stock are issued and outstanding as of the date hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Charter Financial Corp), Agreement and Plan of Merger (Charter Financial Corp)

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Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 5,000,000 $ , divided into shares of common stock, par value $0.01 2.00 per share, and 1,000,000 shares of preferred stockimmediately following the Effective Time, no par value per share, of which 1,000 shares of common stock are issued and outstanding as of the date hereofSurviving Bank shall have a surplus or $ .

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Sentinel Bancorp Inc), Agreement and Plan of Merger (Provident Financial Services Inc)

Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 5,000,000 shares of common stock, par value $0.01 per share, and 1,000,000 shares immediately following the Effective Time, the Surviving Bank shall maintain a surplus of preferred stock, no par value per share, of which 1,000 shares of common stock are issued and outstanding as of the date hereofat least [ ] ($[ ]).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hudson City Bancorp Inc)

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Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 5,000,000 shares of common stock, par value $0.01 $ per share, and 1,000,000 shares immediately following the Effective Time, the Surviving Bank shall maintain a surplus of preferred stock, no par value per share, of which 1,000 shares of common stock are issued and outstanding as of the date hereofat least Dollars ($ ).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Boardwalk Bancorp Inc)

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