Common use of Directors’ Resignations Clause in Contracts

Directors’ Resignations. Acquiror shall have received the written resignation of each director of the Company and its Subsidiaries (in such director’s capacity as a director of the Company or such Subsidiary), effective as of the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Foothill Independent Bancorp), Merger Agreement (Foothill Independent Bancorp)

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Directors’ Resignations. Acquiror shall have received the written resignation of each director of the Company Company, the Bank and its Subsidiaries (in such director’s capacity as a director of the Company or such SubsidiaryCompany, the Bank and its Subsidiaries), effective as of the Effective Time.;

Appears in 2 contracts

Samples: Merger Agreement (BWC Financial Corp), Merger Agreement (BWC Financial Corp)

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