Common use of Effective Time; Effects of the Merger Clause in Contracts

Effective Time; Effects of the Merger. a. The Merger shall become effective at the latest of (i) the issuance by the Virginia State Corporation Commission (the “SCC”) of a certificate of merger relating to the Merger; and (ii) the time set forth in articles of merger relating to the Merger filed with the SCC; such time referred to herein as the “Effective Time.”

Effective Time; Effects of the Merger. a. The Merger shall become effective at the latest of of: (i) the issuance by the West Virginia Secretary of State (“WVSOS”) of a certificate of merger relating to the Merger; (ii) the issuance by the Virginia State Corporation Commission (the “SCC”) of a certificate of merger relating to the Merger; and (iiiii) the time set forth in articles of merger relating to the Merger to be filed with the WVSOS and the SCC; such time referred to herein as the “Effective Time.”

Effective Time; Effects of the Merger. a. The Merger shall become effective at the latest of of: (i) the issuance by the Virginia State Corporation Commission (the “SCC”) of a certificate of merger relating to the Merger; and (ii) the time set forth in articles of merger relating to the Merger to be filed with the SCC; such time referred to herein as the “Effective Time.”

Effective Time; Effects of the Merger. a. The Merger shall shall, in accordance with and subject to the provisions of the Merger Agreement become effective at the latest later of (i) the issuance by filing of Articles of Merger with the Virginia State Corporation Commission (the “SCC”) in accordance with the provisions of a certificate Section 13.1-720 of the Virginia Stock Corporation Act; (ii) the filing of the appropriate articles of merger relating to with the MergerMaryland State Department of Assessments and Taxation (“SDAT”); and (iiiii) the time set forth in articles such Articles of merger relating to the Merger filed with the SCCMerger; such time referred to herein as the “Effective Time.”

Effective Time; Effects of the Merger. a. The Bank Merger shall become effective at the latest later of (i) the issuance by the Virginia State Corporation Commission (the “SCC”) of a certificate of merger relating to the Bank Merger; (ii) the date and time of the filing of the articles of merger with the Mayor of the District of Columbia relating to the Bank Merger; and (iiiii) the time set forth in articles of merger relating to the Bank Merger filed with the SCCSCC and the Mayor of the District of Columbia; such time referred to herein as the “Effective Time.”