Common use of Rights and Privileges Clause in Contracts

Rights and Privileges. On and after the Effective Date, all the rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Bank shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and Subsidiary.

Appears in 4 contracts

Samples: Plan of Reorganization and Agreement of Merger (Coast Bancorp/Ca), Plan of Reorganization and Agreement of Merger (Community Bancorp Inc), Plan of Reorganization and Agreement of Merger (Mission Community Bancorp)

AutoNDA by SimpleDocs

Rights and Privileges. On and after the Effective Date, all the rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Bank shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and SubsidiaryReorganization.

Appears in 3 contracts

Samples: Plan of Reorganization (Calwest Bancorp), Plan of Reorganization (Chino Commercial Bancorp), Plan of Reorganization (Canyon Bancorp)

Rights and Privileges. On and after the Effective Date, all the rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Bank shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and Subsidiary.

Appears in 2 contracts

Samples: Plan of Reorganization and Agreement of Merger (Bank of Marin Bancorp), Plan of Reorganization and Agreement of Merger (Santa Lucia Bancorp)

Rights and Privileges. On and after the Effective Date, all the rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Continuing Bank shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and Subsidiary.

Appears in 1 contract

Samples: Reorganization Agreement (BankGuam Holding Co)

AutoNDA by SimpleDocs

Rights and Privileges. On and after the Effective Date, all the rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Bank shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and SubsidiaryShare Exchange.

Appears in 1 contract

Samples: Plan of Reorganization (Temecula Valley Bancorp Inc)

Rights and Privileges. On and after the Effective Date, all the --------------------- rights, privileges, powers, franchises, facilities and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of the Bank shall continue unaffected and unimpaired by the Merger. On and after the Effective Date, the Surviving National Bank Corporation shall without further transfer, possess all of the rights, privileges, powers, franchises, facilities, and immunities, as well as all the properties, real, personal and mixed, tangible and intangible, of Bank and the Subsidiary.

Appears in 1 contract

Samples: Plan of Reorganization and Agreement of Merger (Sierra Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!