Effect of the Bank Merger. At and after the Effective Time, the Bank Merger shall have the effects provided in this Agreement and the applicable provisions of the PA Code and DE Code. Without limiting the generality of the foregoing, at the Effective Time, all the property, rights, privileges, powers and franchises of TBOD and LINKBANK shall vest in the Resulting Institution, and all debts, liabilities and duties of TBOD and LINKBANK shall become the debts, liabilities and duties of the Resulting Institution. The home office of the Resulting Institution shall be 3000 Xxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxxxx 00000.
Effect of the Bank Merger. The effect of the Bank Merger upon consummation thereof shall be as set forth under The National Bank Act, as amended.
Effect of the Bank Merger. As of the Bank Merger Effective Time, and by virtue of the Bank Merger, the separate corporate existence of Xxxxxx Bank shall terminate and the Resulting Bank shall continue its corporate existence under the laws of the United States of America. All rights, franchises,
Effect of the Bank Merger. On the Effective Date, the separate existence of Merchants Bank shall cease, and all of the property (real, personal and mixed) assets, rights, and powers of Merchants Bank shall transfer to and be vested in, and all liabilities, debts, duties, and obligations of Merchants Bank shall transfer to and be assumed by the Continuing Bank, all without further act or deed, as provided by operation of law under applicable laws and regulations.
Effect of the Bank Merger. The Bank Merger shall have all ------------ ------------------------- of the effects provided by the National Bank Act and the IFIA.
Effect of the Bank Merger. At and after the Effective Time, the Bank Merger shall have the effects provided in this Agreement and the applicable provisions of the NJ Act. Without limiting the generality of the foregoing, at the Effective Time, all the property, rights, privileges, powers and franchises of Company Bank and Parent Bank shall vest in the Resulting Institution, and all debts, liabilities and duties of Company Bank and Parent Bank shall become the debts, liabilities and duties of the Resulting Institution. The home office of the Resulting Institution shall be 000 Xxxxxx Xxxx, Princeton, New Jersey 08540. The location of the principal office and branch offices of the of the Resulting Institution, the Company Bank and Parent Bank shall be as provided in Appendix 1 to this Agreement.
Effect of the Bank Merger. The Bank Merger, upon the Effective Time of the Bank Merger, shall have the effect provided by Sections 13.1-721 and 6.1-44 of the Code of Virginia.
Effect of the Bank Merger. On the Effective Date, BOM shall be merged with and into First Bank in the manner and with the effect provided by the laws of the United States of America and the State of Tennessee, if applicable, and the separate legal, existence of BOM shall cease except to the extent provided by the laws of the United States of America or Tennessee in the case of a bank after its merger into another bank, and thereupon BOM and First Bank (sometimes referred to as the "Merging Banks") shall be a single bank. First Bank as the surviving bank, shall thereupon and thereafter possess all the rights, privileges, powers and franchises, of a public as well as a private nature, and shall be subject to all of the restrictions, disabilities and duties of the Merging Banks; and all of the rights, privileges, powers, liabilities and franchises of the Merging Banks on whatever account, subscriptions for shares and all other things in action or belonging to the Merging Banks shall be taken and deemed to be vested in First Bank without further act or deed. The outstanding shares of capital stock of BOM shall be converted on the basis, terms and conditions described below.
Effect of the Bank Merger. At and after the Effective Time, the Bank Merger shall have the effects set forth in the applicable provisions of the Pennsylvania Banking Code of 1965, as amended, and Title 5, Chapter 7 of the Delaware Code, as amended.
Effect of the Bank Merger. At and after the Effective Time, the Bank Merger shall have the effects provided in this Agreement and the applicable provisions of the PA Code. Without limiting the generality of the foregoing, at the Effective Time, all the property, rights, privileges, powers and franchises of FNCB Bank and Peoples Bank shall vest in the Resulting Institution, and all debts, liabilities and duties of FNCB Bank and Peoples Bank shall become the debts, liabilities and duties of the Resulting Institution. The home office of the Resulting Institution shall be 000 Xxxxx Xxxxxxx Xxxxxx, Dunmore, Pennsylvania 18512.
