Common use of Effect on Surviving Bank Capital Stock Clause in Contracts

Effect on Surviving Bank Capital Stock. Each share of Surviving Bank capital stock issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding and unaffected by the Bank Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 3 contracts

Samples: Merger Agreement (Old National Bancorp /In/), Merger Agreement (Old National Bancorp /In/), Merger Agreement (First Midwest Bancorp Inc)

AutoNDA by SimpleDocs

Effect on Surviving Bank Capital Stock. Each share of Surviving Bank capital stock issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding and unaffected by the Bank Second Step Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 1 contract

Samples: Merger Agreement (Community Bank System, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!