Organization of Merger Sub. Buyer Bank shall cause Merger Sub to be organized under the OGCL as soon as practicable hereafter. Following the organization, the Board of Directors of Merger Sub shall approve this Agreement and the Plan of Corporate Merger and the transactions contemplated hereby, whereupon Merger Sub shall become a party to, and be bound by, this Agreement, and Buyer Bank shall approve this Agreement in its capacity as the sole shareholder of Merger Sub.
Appears in 2 contracts
Sources: Merger Agreement (Potters Financial Corp), Merger Agreement (United Community Financial Corp)
Organization of Merger Sub. Buyer Bank shall cause Merger Sub to be organized under the OGCL as soon as practicable hereafter. Following the organization, the Board of Directors of Merger Sub shall approve this Agreement and the Plan of Corporate Merger and the transactions contemplated hereby, whereupon Merger Sub shall become a party to, and be bound by, this Agreement, and Buyer Bank shall approve this Agreement in its capacity as the sole shareholder stockholder of Merger Sub.
Appears in 2 contracts
Sources: Merger Agreement (Ohio State Financial Services Inc), Merger Agreement (Advance Financial Bancorp)
Organization of Merger Sub. Buyer Bank shall cause Merger Sub to be organized under the OGCL as soon as practicable hereafter. Following the organization, the Board of Directors of Merger Sub shall approve this Agreement and the Plan of Corporate Merger and the transactions contemplated hereby, whereupon Merger Sub shall become a party to, and be bound by, this Agreement, and Buyer Bank shall approve this Agreement in its capacity as the sole shareholder stockholder of Merger Sub.
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