Common use of Effective Time of the Subsidiary Merger Clause in Contracts

Effective Time of the Subsidiary Merger. Subject to the provisions of this Agreement, the Subsidiary Merger shall become effective in accordance with the terms of the Certificate of Merger pursuant to N.J.S.A. 17:9A-137 (the "Certificate of Merger") which shall be filed with the New Jersey Department of Banking and Insurance (the "Banking Department") and the written notice regarding the consummation of the Subsidiary Merger (the "Notice") which shall be filed with the Office of the Comptroller of the Currency (the "OCC") immediately following the Effective Time (as defined in Section 1.6 of the Parent Merger Agreement). The term "Subsidiary Merger Effective Time" shall be the date and time when the Subsidiary Merger becomes effective, as set forth in the Certificate of Merger and the Notice.