Common use of Effective Time of Merger Clause in Contracts

Effective Time of Merger. The Merger shall become effective at such time and on the date specified in the certificate to be issued by the Office of the Comptroller of the Currency in connection with the consummation of the Merger, which shall be a time and date agreed to by NAFH Bank and Capital Bank, subject to the approval of the Office of the Comptroller of the Currency, or such other time and date as shall be provided by law and agreed to by the parties hereto. The date and time of such effectiveness is herein referred to as the “Effective Time.”

Appears in 4 contracts

Samples: Merger Agreement (North American Financial Holdings, Inc.), Merger Agreement (North American Financial Holdings, Inc.), Merger Agreement (Capital Bank Corp)

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Effective Time of Merger. The Merger shall become effective at such time and on the date specified in the certificate to be issued by the Office of the Comptroller of the Currency in connection with the consummation of the Merger, which shall be a time and date agreed to by NAFH Bank and Capital TIB Bank, subject to the approval of the Office of the Comptroller of the Currency, or such other time and date as shall be provided by law and agreed to by the parties hereto. The date and time of such effectiveness is herein referred to as the “Effective Time.”

Appears in 3 contracts

Samples: Merger Agreement (North American Financial Holdings, Inc.), Merger Agreement (North American Financial Holdings, Inc.), Merger Agreement (Tib Financial Corp.)

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