MS Bank definition
Examples of MS Bank in a sentence
Prior to the Effective Time, (a) ▇▇▇▇▇▇▇ and MECH each shall execute and deliver the Certificate of Merger substantially in the form at Exhibit C, and (b) ▇▇▇▇▇▇▇ and MECH each shall cause ▇▇▇▇▇▇▇ Bank and MS Bank, respectively, to execute and deliver the Bank Merger Agreement, in substantially the form at Exhibit A.
True, correct and complete copies of loan delinquency reports as of each of October 31 and November 30, 1999 prepared by MECH, MS Bank and MMC which reports include all loans delinquent or otherwise in default, have been furnished to ▇▇▇▇▇▇▇.
MECH agrees to update such list no less frequently than monthly after the date of this Agreement until the earlier of the Closing Date or the date that this Agreement is terminated in accordance with Section 8.1. All OREO held by MECH or MS Bank is being carried net of reserves at the lower of cost or net realizable value.
The deposit accounts of MS Bank are insured by the Federal Deposit Insurance Corporation (the "FDIC") through the Bank Insurance Fund (the "BIF") to the fullest extent permitted by law, and all premiums and assessments required in connection therewith have been paid by MS Bank.
No other corporate proceedings on the part of MS Bank will be necessary to consummate the transactions contemplated thereby.
The execution and delivery of the Bank Merger Agreement and the consummation of the transactions contemplated thereby have been duly and validly approved by the Board of Directors of MS Bank and by MECH as the sole shareholder of MS Bank.
Neither MECH, MS Bank, any of their Subsidiaries nor any of their respective officers or directors has employed any broker or finder or incurred any liability for any broker's fees, commissions or finder's fees in connection with any of the transactions contemplated by this Agreement, the Bank Merger Agreement or the Option Agreement, except that MECH has engaged, and will pay a financial advisor's fee to ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇, Inc..
MIS is a wholly owned subsidiary of MS Bank, and is a corporation duly organized and validly existing under the laws of the State of Connecticut.
Employees of MECH or MS Bank as of the Effective Time who are not retained by ▇▇▇▇▇▇▇ or ▇▇▇▇▇▇▇ Bank for a period of one year after the Effective Time, and who are not otherwise covered by employment or change in control agreements, will be eligible to receive severance benefits provided by MECH, MS Bank, ▇▇▇▇▇▇▇ or ▇▇▇▇▇▇▇ Bank before the date hereof whichever provides greater benefits to the employee.
Upon the written request of ▇▇▇▇▇▇▇, MECH shall, within 5 business days of the date of such written request, demand payment of, or cause MS Bank to demand payment of, any and all loans (to the extent identified by ▇▇▇▇▇▇▇) of MECH or MS Bank, as the case may be, which loans are (or should have been) set forth at Sections 3.5(a) or 3.21(e) of the MECH Disclosure Schedule, and which loans are secured or collateralized in any way by MECH Common Stock.