Common use of No Control of Acquired Corporation by Buyer Clause in Contracts

No Control of Acquired Corporation by Buyer. Notwithstanding any other provision hereof, until the Effective Date, the authority to establish and implement the business policies of Acquired Corporation shall continue to reside solely in Acquired Corporation’s officers and board of directors.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Community Bancshares Inc /De/), Agreement and Plan of Merger (Superior Bancorp), Agreement and Plan of Merger (Banc Corp)

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No Control of Acquired Corporation by Buyer. Notwithstanding any other provision hereof, until the Effective Date, the authority to establish and implement the business policies of Acquired Corporation shall continue to reside solely in Acquired Corporation’s 's officers and board of directors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Banc Corp)

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