Common use of Effect of the Bank Merger Clause in Contracts

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.

Appears in 1 contract

Samples: Merger Agreement (Partners Bancorp)

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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 VA Code. Without limiting the generality of the foregoing, at the Effective Time, all the property, rights, privileges, powers and franchises of TBOD VPB and LINKBANK shall vest in the Resulting Institution, and all debts, liabilities and duties of TBOD VPB and LINKBANK shall become the debts, liabilities and duties of the Resulting Institution. The home office of the Resulting Institution shall be 3000 0000 Xxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxxxx 00000.

Appears in 1 contract

Samples: Merger Agreement (LINKBANCORP, Inc.)

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 0000 Xxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxxxx 00000.

Appears in 1 contract

Samples: Merger Agreement (LINKBANCORP, Inc.)

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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 VA Code. Without limiting the generality of the foregoing, at the Effective Time, all the property, rights, privileges, powers and franchises of TBOD VPB and LINKBANK shall vest in the Resulting Institution, and all debts, liabilities and duties of TBOD VPB 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.

Appears in 1 contract

Samples: Merger Agreement (Partners Bancorp)

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