Common use of Charter Conversion Clause in Contracts

Charter Conversion. Lincoln will use its best efforts to cause Lincoln Bank to convert from a federal savings bank to an Indiana commercial state bank no later than one year after the Effective Time, including using its best efforts to obtain any and all necessary regulatory approvals for such conversion.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (First Shares Bancorp Inc), Merger Agreement (Lincoln Bancorp /In/)