Effect on Merging Bank Capital Stock. At the Effective Time, by virtue of the Bank Merger and without any action on the part of the holder of any capital stock of Merging Bank, all shares of Merging Bank capital stock issued and outstanding shall be automatically cancelled and retired and shall cease to exist, and no cash, new shares of common stock, or other property shall be delivered in exchange therefor.
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Samples: Merger Agreement (Old National Bancorp /In/), Merger Agreement (Old National Bancorp /In/), Merger Agreement (First Midwest Bancorp Inc)
Effect on Merging Bank Capital Stock. At the Effective Time, by virtue of the Bank Second Step Merger and without any action on the part of the holder of any capital stock of Merging Bank, all shares of Merging Bank capital stock issued and outstanding shall be automatically cancelled and retired and shall cease to exist, and no cash, new shares of common stock, or other property shall be delivered in exchange therefor.
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