Common use of Effective Time of the Subsidiary Merger Clause in Contracts

Effective Time of the Subsidiary Merger. Subject to the provisions of this Agreement, the Subsidiary Merger shall become effective in accordance with the terms of the Certificate of Merger (the “Certificate of Merger”) to be issued by the Director of the New Mexico Financial Institution Division. The term “Subsidiary Merger Effective Time” shall mean the date and time when the Subsidiary Merger becomes effective, as specified on the Certificate of Merger, which shall be immediately following the effective time of the Parent Merger.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Access Anytime Bancorp Inc), Agreement and Plan of Merger (First State Bancorporation), Subsidiary Agreement and Plan of Merger (First State Bancorporation)

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