Common use of The Bank Merger Clause in Contracts

The Bank Merger. Subject to the terms and conditions of the Agreement and Plan of Merger attached hereto as Exhibit C (the “Bank Merger Agreement”) and in accordance with Title 3, Subtitle 7 of the Financial Institutions Article of the Annotated Code of Maryland and applicable federal Law, immediately after the Merger, Bay Bank shall be merged with and into Old Line and the separate existence of Bay Bank shall cease (the “Bank Merger”). Old Line shall be the surviving Entity in the Bank Merger and shall continue its existence as a trust company with commercial banking powers under the laws of the State of Maryland, and as a wholly-owned operating Subsidiary of OLB, subject to the provisions of this Section 1.4.

The Bank Merger. Subject to the terms and conditions of the Agreement and Plan of Merger attached hereto as Exhibit C (the “Bank Merger Agreement”) and in accordance with Title 3, Subtitle 7 of the Financial Institutions Article of the Annotated Code of Maryland and applicable federal Lawlaw, immediately after the Merger, Bay Bank PBank shall be merged with and into Old Line HBank and the separate existence of Bay Bank PBank shall cease (the “Bank Merger”). Old Line HBank shall be the surviving Entity in the Bank Merger and shall continue its existence as a trust company with commercial banking powers under the laws of the State of Maryland, and as a wholly-owned operating Subsidiary subsidiary of OLBHBI, subject to the provisions of this Section 1.41.6.

The Bank Merger. Subject to the terms and conditions of the Agreement and Plan of Merger attached hereto as Exhibit C (the “Bank Merger Agreement”) and in accordance with Title 3, Subtitle 7 of the Financial Institutions Article of the Annotated Code of Maryland and applicable federal LawMaryland, immediately after the effective time of the Roll-Up Merger, Bay Xxxxxxx Bank shall be merged with and into Old Line FM Bank and the separate existence of Bay Xxxxxxx Bank shall cease (the “Bank Merger”). Old Line FM Bank shall be the surviving Entity corporation in the Bank Merger and shall continue its existence as a trust company with commercial banking powers bank under the laws of the State of Maryland, and as a wholly-owned operating Subsidiary of OLBPurchaser, subject to the provisions of this Section 1.41.5.

The Bank Merger. Subject to the terms and conditions of the Agreement and Plan of Merger attached hereto as Exhibit C (the “Bank Merger Agreement”) and in accordance with Title 3, Subtitle 7 of the Financial Institutions Article of the Annotated Code of Maryland and applicable federal Lawlaw, immediately after the Merger, Bay Bank Damascus shall be merged with and into Old Line and the separate existence of Bay Bank Damascus shall cease (the “Bank Merger”). Old Line shall be the surviving Entity in the Bank Merger and shall continue its existence as a trust company with commercial banking powers under the laws of the State of Maryland, and as a wholly-owned operating Subsidiary subsidiary of OLB, subject to the provisions of this Section 1.41.6.

The Bank Merger. Subject to the terms and conditions of the Agreement and Plan of Merger attached hereto as Exhibit C D (the “Bank Merger Agreement”) and in accordance with Title 3, Subtitle 7 of the Financial Institutions Article of the Annotated Code of Maryland and applicable federal Lawlaw, immediately after the Merger, Bay Bank Regal shall be merged with and into Old Line and the separate existence of Bay Bank Regal shall cease (the “Bank Merger”). Old Line shall be the surviving Entity in the Bank Merger and shall continue its existence as a trust company with commercial banking powers under the laws of the State of Maryland, and as a wholly-owned operating Subsidiary subsidiary of OLB, subject to the provisions of this Section 1.41.6.