Common use of Nature of Transaction; Plan of Merger Clause in Contracts

Nature of Transaction; Plan of Merger. Subject to the provisions of this Plan of Merger, at the "Effective Time" (as defined in Paragraph 1.07 below), CNB will be merged into and with MFC (the "Merger").

Nature of Transaction; Plan of Merger. Subject to the provisions of this Plan of MergerAgreement, at the "Effective Time" (as defined in Paragraph 1.07 below), CNB will be merged into and with MFC (the "Merger")) as provided in the plan of merger (the "Plan of Merger") attached as Exhibit A to this Agreement.