Common use of Treatment of Shares Clause in Contracts

Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof (a) each share of MainSource Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and (b) the shares of First Financial Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 2 contracts

Samples: Voting Agreement (First Financial Bancorp /Oh/), Voting Agreement (Mainsource Financial Group)

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Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof (a) each share of MainSource Xxxxxx Valley Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and (b) the shares of First Financial Sterling National Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving BankAssociation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hudson Valley Holding Corp), Agreement and Plan of Merger (Sterling Bancorp)

Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders holder thereof (a) each share of MainSource United Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and (b) the shares of First Financial Rockville Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rockville Financial, Inc. /CT/), Agreement and Plan of Merger (United Financial Bancorp, Inc.)

Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders holder thereof (a) each share of MainSource Sterling National Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and (b) the shares of First Financial Provident Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving BankAssociation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Provident New York Bancorp)

Treatment of Shares. At the Effective Time, by virtue of the Bank Merger and without any action on the part of the holders holder thereof (a) each share of MainSource Investors Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and (b) the shares of First Financial Citizens Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Bank Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Investors Bancorp, Inc.)

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Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders holder thereof (a) each share of MainSource Premier Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled without any additional consideration issued therefor and (b) the shares of First Financial Select Bank common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 1 contract

Samples: Option Cancellation Agreement (Select Bancorp, Inc.)

Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders holder thereof (a) each share of MainSource Independence Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and cancelled, (b) the shares of First Financial Bank Reliance common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independence Bancshares, Inc.)

Treatment of Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the holders holder thereof (a) each share of MainSource Seller Bank common stock issued and outstanding immediately prior to the Effective Time shall cease to be outstanding and shall be cancelled and cancelled, (b) the shares of First Financial Buyer Bank Class A common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, shall be unchanged after the Merger and shall immediately after the Effective Time constitute all of the issued and outstanding capital stock of the Surviving Bank.

Appears in 1 contract

Samples: Support Agreement (Amalgamated Financial Corp.)

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