Effective Time of the Bank Merger definition

Effective Time of the Bank Merger means the date and time the OTS specifies for the Bank Merger pursuant to the OTS Regulations.

Effective Time of the Bank Merger means the date upon which the Bank Merger is consummated and the Agreement of Bank Merger, bearing the certification of the California Secretary of State, is filed with the Commissioner of Financial Institutions.

Effective Time of the Bank Merger means the date and time specified pursuant to Section 2.2 hereof.

Examples of Effective Time of the Bank Merger in a sentence

• The Surviving Bank shall be responsible for all of the liabilities of every kind and description, including liabilities arising from the operation of any trust department, of each of the merging banks existing as of the Effective Time of the Bank Merger.

• The Surviving Bank shall be responsible for all of the liabilities of every kind and description of each of the merging banks existing as of the Effective Time of the Bank Merger.

• All assets of Company Bank as they exist at the Effective Time of the Bank Merger shall pass to and vest in the Surviving Bank without any conveyance or other transfer.

• The directors and officers of The First immediately prior to the Effective Time of the Bank Merger shall, from and after the Effective Time, continue as the directors and officers of the Surviving Bank until their successors shall have been duly elected, appointed, or qualified or until their earlier death, resignation, or removal in accordance with the charter and bylaws of the Surviving Bank.

• All assets of Boston Private Bank as they exist at the Effective Time of the Bank Merger shall pass to and vest in the Surviving Bank without any conveyance or other transfer.

• At the Effective Time of the Bank Merger, the outstanding shares of common stock of Company Bank shall be cancelled, and Buyer Bank shall continue to conduct its business and operations as a wholly-owned, first-tier subsidiary of Buyer.

• Immediately after the Effective Time of the Bank Merger, the executive officers of the Surviving Bank shall be comprised of the persons serving as executive officers of CBB immediately prior to the Effective Time of the Bank Merger.

• Subject to SECTION 7.2(D) and SECTION 7.2(E), from and after the Effective Time of the Bank Merger, until successors are duly elected or appointed in accordance with applicable law, (i) the directors of the Buyer Bank at such Effective Time shall be the directors of the Surviving Bank, and (ii) the officers of the Buyer Bank at such Effective Time shall be the officers of the Surviving Bank.

• Each share of CU Bank Stock issued and outstanding immediately prior to the Effective Time of the Bank Merger, except for Perfected Dissenting Shares, shall, on and after the Effective Time of the Bank Merger, remain outstanding and shall for all purposes be deemed to represent, one share of common stock of the Surviving Bank.

• All assets of Columbia Bank as they exist at the Effective Time of the Bank Merger shall pass to and vest in the Surviving Bank without any conveyance or other transfer.

More Definitions of Effective Time of the Bank Merger

Effective Time of the Bank Merger means the date and time the Commissioner specifies for the Bank Merger.

Effective Time of the Bank Merger means the date upon which the Bank Merger is consummated and the Agreement of Bank Merger, bearing the

Effective Time of the Bank Merger means the date and time at which the Bank Merger contemplated by this Bank Merger Agreement becomes effective as provided in Section 2.2 hereof.