Common use of Purchase Transaction Clause in Contracts

Purchase Transaction. Subject to the terms and conditions hereof, the parties hereto agree that Ebank shall purchase all of the Company's stock from the Shareholders and the Company shall become a wholly-owned subsidiary of Ebank. In the period following the purchase, the Company shall also be known for the purposes of this Agreement as the "Surviving Corporation." Subject to the terms and conditions hereof, the parties hereto shall take all actions necessary in accordance with applicable law and their respective Articles of Incorporation and Bylaws to cause the Purchase to be consummated.

Purchase Transaction. Subject to the terms and conditions -------------------- hereof, the parties hereto agree that Ebank the Purchasers shall purchase all of the Company's stock from the Shareholders and the Company shall become a wholly-owned subsidiary of Ebank. In the period following the purchase, the Company shall also be known for the purposes of this Agreement as the "Surviving Corporation." Subject to the terms and conditions hereof, the parties hereto shall take all actions necessary in accordance with applicable law and their respective Articles of Incorporation and Bylaws to cause the Purchase to be consummated.