Common use of Execution and Authorization of Bank Merger Agreement Clause in Contracts

Execution and Authorization of Bank Merger Agreement. As soon as ----------------------------------- ---------------- reasonably practicable after the date of this Agreement, (a) First Place shall (i) cause the Board of Directors of the Association to approve the Bank Merger Agreement, (ii) cause the Association to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of the Association, and (b) FFY shall (i) cause the Board of Directors of FFY Bank to approve the Bank Merger Agreement, (ii) cause FFY Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of FFY Bank. The Bank Merger Agreement shall contain terms that are normal and customary in light of the transactions contemplated hereby and such additional terms as are necessary to carry out the purposes of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Place Financial Corp /De/), 00 Agreement and Plan of Merger (Ffy Financial Corp)

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Execution and Authorization of Bank Merger Agreement. As soon as ----------------------------------- ---------------- ----------------------------------------------------- reasonably practicable after the date of this Agreement, (a) Buyer shall (i) cause the Board of Directors of First Place Savings Bank to approve the Bank Merger Agreement, (ii) cause First Savings Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of First Savings Bank, and (b) the Company shall (i) cause the Board of Directors of the Association Company Bank to approve the Bank Merger Agreement, (ii) cause the Association Company Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of the Association, and (b) FFY shall (i) cause the Board of Directors of FFY Bank to approve the Bank Merger Agreement, (ii) cause FFY Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of FFY Company Bank. The Bank Merger Agreement shall contain terms that are normal and customary in light of the transactions contemplated hereby and such additional terms as are necessary to carry out the purposes of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pulse Bancorp Inc)

Execution and Authorization of Bank Merger Agreement. As soon as ----------------------------------- ---------------- reasonably practicable after the date of this Agreement, (a) Buyer shall (i) cause the Board of Directors of First Place Savings Bank to approve the Bank Merger Agreement, (ii) cause First Savings Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of First Savings Bank, and (b) the Company shall (i) cause the Board of Directors of the Association Company Bank to approve the Bank Merger Agreement, (ii) cause the Association Company Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of the Association, and (b) FFY shall (i) cause the Board of Directors of FFY Bank to approve the Bank Merger Agreement, (ii) cause FFY Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of FFY Company Bank. The Bank Merger Agreement shall contain terms that are normal and customary in light of the transactions contemplated hereby and such additional terms as are necessary to carry out the purposes of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Source Bancorp Inc)

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Execution and Authorization of Bank Merger Agreement. As ---------------------------------------------------- soon as ----------------------------------- ---------------- reasonably practicable 113 after the date of this Agreement, (a) First Place Buyer shall (i) cause the Board of Directors of Buyer Bank to approve the Bank Merger Agreement, (ii) cause Buyer Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of Buyer Bank, and (b) the Company shall (i) cause the Board of Directors of the Association Company Bank to approve the Bank Merger Agreement, (ii) cause the Association Company Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of the Association, and (b) FFY shall (i) cause the Board of Directors of FFY Bank to approve the Bank Merger Agreement, (ii) cause FFY Bank to execute and deliver the Bank Merger Agreement, and (iii) approve the Bank Merger Agreement as the sole stockholder of FFY Company Bank. The Bank Merger Agreement shall contain terms that are normal and customary in light of the transactions contemplated hereby and such additional terms as are necessary to carry out the purposes of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New York Bancorp Inc)

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