Common use of CREDITORS' RIGHTS AND LIENS Clause in Contracts

CREDITORS' RIGHTS AND LIENS. All rights of creditors of Bank or Subsidiary, and all liens upon the property of Bank or Subsidiary, shall be preserved unimpaired, limited in lien to the property affected by the liens immediately prior to the time of the merger.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (CU Bancorp), Agreement and Plan of Merger (CU Bancorp), Merge and Plan (CU Bancorp)

AutoNDA by SimpleDocs

CREDITORS' RIGHTS AND LIENS. All rights of creditors of Bank or SubsidiaryInterim Bank, and all liens upon the property of Bank or SubsidiaryInterim Bank, shall be preserved unimpaired, limited in lien to the property affected by the liens immediately prior to the time Effective Time of the mergerConsolidation.

Appears in 2 contracts

Samples: Plan of Reorganization and Consolidation Agreement (Community West Bancshares /), Plan of Reorganization and Consolidation Agreement (Community West Bancshares /)

AutoNDA by SimpleDocs

CREDITORS' RIGHTS AND LIENS. All rights of creditors of Bank or Subsidiary, and all liens upon the property of Bank or Subsidiary, shall be preserved unimpaired, limited in lien to the property affected by the liens immediately prior to the time of the mergerMerger.

Appears in 1 contract

Samples: Merger Agreement (First Choice Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!