Common use of Time and Place of the Closing and Closing Date Clause in Contracts

Time and Place of the Closing and Closing Date. The transactions contemplated under this Agreement shall be consummated on a date (the “Closing Date”) mutually agreeable to IBG and BOHI ▇▇▇t is within five (5) business days after the receipt of all necessary regulatory, corporate and other approvals, and the expiration of all associated mandatory waiting periods (the “Required Approvals”). On the Closing Date, a meeting (the “Closing”) will take place at which the parties to this Agreement will exchange certificates, letters and other documents in order to determine whether all of the conditions set forth in ARTICLE VII and ARTICLE VIII have been satisfied or waived or whether any condition exists that would permit a party to this Agreement to terminate this Agreement. If no such condition then exists or if no party elects to exercise any right it may have to terminate this Agreement, then and thereupon the appropriate parties shall execute such documents and instruments as may be necessary or appropriate in order to effect the transactions contemplated by this Agreement. The Closing shall take place at 10:00 a.m., local time at the home office of Independent Bank on the Closing Date, or at such other time and place to which IBG and BOHI ▇▇▇ agree. As part of the Closing, the parties shall specify in the Certificate of Merger that the Effective Time will be as of the close of business on the last day of the month in which the Required Approvals were received and the associated waiting periods were satisfied.

Time and Place of the Closing and Closing Date. The transactions contemplated under this Agreement shall be consummated on a date (the “Closing Date”) mutually agreeable to IBG and BOHI ▇▇▇t HCBI that is within forty-five (5) business days after the receipt of all necessary regulatory, corporate and other approvals, and the expiration of all associated mandatory waiting periods (the “Required ApprovalsClosing Date”); provided, however, that the Closing will not occur prior to October 1, 2014. On the Closing Date, a meeting (the “Closing”) will take place at which the parties to this Agreement will exchange certificates, letters and other documents in order to determine whether all of the conditions set forth in ARTICLE VII and ARTICLE VIII have been satisfied or waived or whether any condition exists that would permit a party to this Agreement to terminate this Agreement. If no such condition then exists or if no party elects to exercise any right it may have to terminate this Agreement, then and thereupon the appropriate parties shall execute such documents and instruments as may be necessary or appropriate in order to effect the transactions contemplated by this Agreement. The Closing shall take place at 10:00 a.m., local time at the home office offices of Independent Bank IBG on the Closing Date, or at such other time and place to which IBG and BOHI ▇▇▇ HCBI may agree. As part of the Closing, the parties shall specify in the Certificate of Merger that the Effective Time will be as of the close of business on the last day of the month in which the Required Approvals were received and the associated waiting periods were satisfied.

Time and Place of the Closing and Closing Date. The transactions contemplated under this Agreement shall be consummated on a date (the “Closing Date”) mutually agreeable to IBG and BOHI ▇▇▇t CBI that is within forty-five (545) business days after the receipt of all necessary regulatory, corporate and other approvals, and the expiration of all associated mandatory waiting periods (the “Required Approvals”). On the Closing Date, a meeting (the “Closing”) will take place at which the parties to this Agreement will exchange certificates, letters and other documents in order to determine whether all of the conditions set forth in ARTICLE VII and ARTICLE VIII have been satisfied or waived or whether any condition exists that would permit a party to this Agreement to terminate this Agreement. If no such condition then exists or if no party elects to exercise any right it may have to terminate this Agreement, then and thereupon the appropriate parties shall execute such documents and instruments as may be necessary or appropriate in order to effect the transactions contemplated by this Agreement. The Closing shall take place at 10:00 a.m., local time at the home office executive offices of Independent Bank IBG on the Closing Date, or at such other time and place to which IBG and BOHI ▇▇▇ CBI may agree. As part of the Closing, the parties shall specify in the Certificate of Merger that the Effective Time will be as of the close of business on the last day of the month in which the Required Approvals were received and the associated waiting periods were satisfied.