Stock of the Merging Bank. At the Effective Time, each share of the common stock of the Merging Bank issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action by the holder thereof, be cancelled, and no consideration shall be delivered in exchange therefor.
Appears in 6 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Ameris Bancorp), Agreement and Plan of Merger (Fidelity Southern Corp)