Exchange Ratio Adjustments. In the event InterWest changes the number of shares of InterWest Common Stock issued and outstanding prior to the Effective Date as a result of a stock split, stock dividend, recapitalization or similar transaction with respect to the outstanding InterWest Common Stock, and the record date therefor shall be prior to the Effective Date, the Exchange Ratio shall be proportionately adjusted. In the event that the transactions contemplated by this Plan have not been consummated on or before June 30, 1998, then the Exchange Ratio shall be equal to 3.95 plus the Adjustment Factor.
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Sources: Agreement and Plan of Reorganization (Interwest Bancorp Inc)
Exchange Ratio Adjustments. In If, before the event Effective Date, InterWest changes the number of shares of InterWest Common Stock issued and outstanding prior to the Effective Date as a result of a stock split, stock dividend, recapitalization or similar transaction with respect to the outstanding InterWest Common Stocktransaction, and the record date therefor shall be prior to the Effective Date, the Exchange Ratio shall be proportionately adjusted. In the event that the transactions contemplated by this Plan have not been consummated on or before June 30, 1998, then the Exchange Ratio shall be equal to 3.95 plus the Adjustment Factor.
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