Common use of Merger Subsidiary Common Stock Clause in Contracts

Merger Subsidiary Common Stock. Each share of Common Stock of the Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into one issued and outstanding share of Common Stock of the Surviving Bank.

Merger Subsidiary Common Stock. Each share of Common Stock common stock of the Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into and become one issued and outstanding (1) share of Common Stock common stock of the Intermediate Surviving BankCorporation with the same rights, powers and privileges as the shares so converted and shall constitute the only outstanding shares of capital stock of the Intermediate Surviving Corporation.

Merger Subsidiary Common Stock. Each share of Common Stock common stock of the Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into and become one issued and outstanding (1) share of Common Stock common stock of the Surviving BankCorporation with the same rights, powers and privileges as the shares so converted and shall constitute the only outstanding shares of capital stock of the Surviving Corporation.

Merger Subsidiary Common Stock. Each share of Merger Subsidiary Common Stock of the Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into and become one issued and outstanding share of Common Stock common stock of the Surviving Bank.