DEFERRAL OF EFFECTIVE DATE. Consummation of the Merger herein provided may be deferred by the board of directors of the Bank for a reasonable period of time if the Bank's board of directors determines, in its sole discretion, that such deferral would be in the best interest of the Bank and the stockholders of the Bank.
Appears in 2 contracts
Samples: Plan of Merger and Reorganization (W Holding Co Inc), Merger Agreement (W Holding Co Inc)
DEFERRAL OF EFFECTIVE DATE. Consummation of the Merger herein provided may be deferred by the board Board of directors Directors of the Bank for a reasonable period of time if the Bank's board Board of directors Directors of the Bank determines, in its sole discretion, that such deferral would be in the best interest of the Bank and the stockholders shareholder of the Bank.
Appears in 1 contract
Samples: Merger Agreement (Santander Bancorp)
DEFERRAL OF EFFECTIVE DATE. Consummation of the Merger herein provided may be deferred by the board Board of directors Directors of the Bank for a reasonable period of time if the Bank's board Board of directors Directors determines, in its sole discretion, that such deferral would be in the best interest of the Bank and the stockholders shareholders of the Bank.
Appears in 1 contract
Samples: Merger Agreement (Santander Bancorp)
