Common use of PROXY MATERIAL AND MEETING OF SHAREHOLDERS Clause in Contracts

PROXY MATERIAL AND MEETING OF SHAREHOLDERS. As soon as practicable after the date of this Plan, Surety and Surety Bank will cause Newco to submit this Plan and the Holding Company Merger Agreement to its shareholders for approval at a meeting of shareholders called for the purpose of voting thereon. Additionally, as soon as practicable after the date of this Plan, Surety Bank will prepare a proxy statement, notice of meeting and form of proxy to be used in connection with a meeting of its shareholders to consider and vote upon the transactions contemplated in this Plan and the Bank Consolidation Agreement, to use its best efforts to obtain the authorization of the Comptroller for Surety Bank to furnish such proxy material to its shareholders, to thereafter duly call and hold said meeting of its shareholders, to submit and recommend to its shareholders the approval of the transactions contemplated in this Plan and the Bank Consolidation Agreement and to cause to be furnished to each such shareholder a copy of such proxy material.

PROXY MATERIAL AND MEETING OF SHAREHOLDERS. As soon as practicable after the date of this Plan, Surety and Surety Bank will cause Newco to submit this Plan and the Holding Company Merger Agreement to its shareholders for approval at a meeting of shareholders called for the purpose of voting thereon. Additionally, as soon as practicable after the date of this Plan, Surety Bank will prepare a proxy statement, notice of meeting and form of proxy to be used in connection with a meeting of its shareholders to consider and vote upon the transactions contemplated in this Plan and the Bank Consolidation Merger Agreement, to use its best efforts to obtain the authorization of the Comptroller for Surety Bank to furnish such proxy material to its shareholders, to thereafter duly call and hold said meeting of its shareholders, to submit and recommend to its shareholders the approval of the transactions contemplated in this Plan and the Bank Consolidation Merger Agreement and to cause to be furnished to each such shareholder a copy of such proxy material.