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

Nature of Transaction; Plan of Merger. Subject to the provisions of this Agreement, 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.

Nature of Transaction; Plan of Merger. Subject to the provisions of this AgreementPlan of Merger, 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).