Common use of Effect of Acquisition Clause in Contracts

Effect of Acquisition. The articles of incorporation and bylaws of Interim immediately prior to the Closing Date shall be the articles of incorporation and bylaws of the surviving corporation until duly amended or repealed; provided that, the name of the surviving corporation shall be changed as NetBank and Interim shall determine. The directors of the surviving corporation shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, T. ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, together with such additional persons as may thereafter be elected. The executive officers of the surviving corporation shall be the executive officers of the Company immediately prior to the Closing Date, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, T. ▇▇▇▇▇▇▇ ▇▇▇▇▇, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, who shall be elected as President, EVP and EVP, respectively, and such additional persons as may thereafter be elected.