Common use of Effect on Shares Clause in Contracts

Effect on Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Sovereign, Seacoast or the holders of any of the following securities, the following shall occur:

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Sovereign Bancorp Inc), Merger Agreement (Sovereign Bancorp Inc)

Effect on Shares. At the Effective Time, by virtue of the Merger and without any action on the part of SovereignFidelity, Seacoast MNB or the holders of any of the following securities, the following shall occur:

Appears in 2 contracts

Sources: Merger Agreement (Fidelity D & D Bancorp Inc), Merger Agreement (Fidelity D & D Bancorp Inc)

Effect on Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Sovereign, Seacoast Merger Sub, First Essex or the holders of any of the following securities, the following shall occur:

Appears in 2 contracts

Sources: Merger Agreement (Sovereign Bancorp Inc), Merger Agreement (First Essex Bancorp Inc)

Effect on Shares. At the Effective Time, by virtue of the Merger and without any action on the part of SovereignFidelity, Seacoast Landmark or the holders of any of the following securities, the following shall occur:

Appears in 1 contract

Sources: Merger Agreement (Fidelity D & D Bancorp Inc)

Effect on Shares. At the Effective Time, by virtue of the Merger and without any action on the part of SovereignC&N, Seacoast Citizens or the holders of any of the following securities, the following shall occur:

Appears in 1 contract

Sources: Merger Agreement (Citizens & Northern Corp)