Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of Buyer, as sole shareholder of Buyer Bank, and Seller, as sole shareholder of the Bank.
Appears in 3 contracts
Samples: Merger Agreement (United Community Banks Inc), Merger Agreement (Four Oaks Fincorp Inc), Merger Agreement (HCSB Financial Corp)
Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of Buyer, as sole shareholder of Buyer Bank, and SellerASBB, as sole shareholder of the Bank.
Appears in 2 contracts
Samples: Merger Agreement (ASB Bancorp Inc), Merger Agreement (First Bancorp /Nc/)
Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Parent Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of BuyerParent, as sole shareholder of Buyer BankParent Banksub, and SellerPLMT, as sole shareholder of the Bank.
Appears in 2 contracts
Samples: Merger Agreement (Palmetto Bancshares Inc), Merger Agreement (United Community Banks Inc)
Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of Buyer, as sole shareholder of Buyer Bank, and SellerSB, as sole shareholder of the Bank.
Appears in 2 contracts
Samples: Merger Agreement (Select Bancorp, Inc.), Merger Agreement (First Bancorp /Nc/)
Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of Buyer, as sole shareholder of Buyer Bank, and SellerGSB, as sole shareholder of the Bank.
Appears in 2 contracts
Samples: Merger Agreement (Grandsouth Bancorporation), Merger Agreement (First Bancorp /Nc/)
Condition Precedent to Consummation of the Merger. This Agreement is subject to, and consummation of the Bank Merger is conditioned upon, the consummation of the Buyer Parent Merger and the fulfillment as of the Effective Time of approval of this Agreement by the affirmative vote of BuyerFidelity, as sole shareholder of Buyer Fidelity Bank, and SellerAEB, as sole shareholder of the Bank.
Appears in 1 contract
