Examples of Affiliate Merger in a sentence
All such amounts of surplus and retained earnings shall be adjusted for normal earnings and expenses and any accounting adjustments related to the Affiliate Merger.
At the Effective Time, the separate corporate existence of TPB shall cease, and FUSB shall be the surviving bank resulting from the Affiliate Merger (the “Surviving Bank”) and shall continue to be (a) governed by the Laws of the State of Alabama and (b) a wholly owned Subsidiary of Parent.
The name of the Surviving Bank shall be “First US Bank,” and the business of the Surviving Bank shall be that of an Alabama banking corporation conducted at its main office located at 0000 X.X. Xxxxxxx 000, Xxxxxxxxxx, Xxxxxxx 00000, and at its legally established branches, and at the banking offices of TPB that are acquired in the Affiliate Merger (with such banking offices to continue to conduct operations after the Effective Time as branches of the Surviving Bank).
None of the Transaction Shareholders knows of any reason why all requisite regulatory approvals regarding the Stock Purchase and the Affiliate Merger should not or cannot be obtained.
At the Effective Time, all rights, franchises and interests of TPB and FUSB in and to every type of property (real, personal and mixed) and choses in action shall be transferred to and vested in the Surviving Bank by virtue of the Affiliate Merger without any deed or other transfer.
Immediately following the Closing, and upon the terms and subject to the conditions set forth in this Agreement, Parent shall cause the Affiliate Merger to be consummated by filing (i) duly executed Articles of Merger with the Secretary of State of the State of Alabama pursuant to the Laws of the State of Alabama (the “Alabama Merger Certificate”) and (ii) duly executed Articles of Merger with the VSCC pursuant to the Laws of the State of Virginia (the “Virginia Merger Certificate”).