Common use of Manner of Merger Clause in Contracts

Manner of Merger. Subject to the provisions of this Agreement, at the Effective Time, automatically by virtue of the Merger and without any action on the part of any Person, the Bank Stock shall be converted into the right to receive the Merger Consideration.

Manner of Merger. Subject to the provisions of this Agreement, at the Effective Time, automatically by virtue of the Merger and without any action on the part of any Person, the each Outstanding Bank Stock Share shall be converted into the right to receive the Per Share Merger Consideration.