Conditions to the Share Exchange. Consummation of the Share Exchange is conditioned upon (i) the approval of this Agreement by the affirmative vote of the shareholders owning more than two-thirds of the outstanding shares of common stock of the Bank at a meeting to be held on the call of its board of directors, (ii) the receipt of all required regulatory approvals, and (iii) the receipt of an opinion of counsel as to the tax-free nature of the share exchange transaction.
Conditions to the Share Exchange. The Share Exchange shall not be consummated unless the following conditions have been satisfied:
Conditions to the Share Exchange. The consummation of the Share Exchange is subject to satisfaction of the following conditions:
Conditions to the Share Exchange. 7.1 Conditions to Obligations of Each Party to Effect the Share Exchange. The respective obligations of each party to this Agreement to effect the Share Exchange shall be subject to the satisfaction at or prior to the Closing of the following conditions:
Conditions to the Share Exchange. SECTION 7.01. Conditions to the Obligations of Each Party................................. 71 SECTION 7.02. Conditions to the Obligations of the Issuer................................. 73 SECTION 7.03. Conditions to the Obligations of the Principal Company Shareholders......... 73 ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER
Conditions to the Share Exchange. The consummation and effectuation of the Share Exchange are conditioned upon:
Conditions to the Share Exchange. 30 -ii- 4 TABLE OF CONTENTS (CONTINUED)
Conditions to the Share Exchange. 6.1 Conditions Precedent to Obligations of Each Party 6.2 Conditions Precedent to Obligations of Parent 6.3 Conditions Precedent to Obligation of the Company
Conditions to the Share Exchange. Consummation of the Share Exchange is conditioned upon (i) the approval of this Agreement by the affirmative vote of the shareholders owning more than two-thirds of the outstanding shares of common stock of the Bank at a meeting to be held on the call of its board of directors, (ii) the receipt of the required regulatory approvals, and (iii) the receipt of an opinion of counsel as to the tax-free nature of the transaction. Upon the satisfaction of the foregoing conditions, the Share Exchange shall become effective at the time specified in a Certificate of Share Exchange to be issued by the Virginia State Corporation Commission approving the Share Exchange.
Conditions to the Share Exchange. Consummation of the Share Exchange is conditioned upon:
