The Consolidation Sample Clauses

The Consolidation. On the Effective time of the Consolidation (as that term is defined in Paragraph 1.2 hereof), Bank and Interim Bank shall be consolidated under the charter of Bank (the "Consolidation"). The name of the consolidated association (the "Consolidated Bank") shall be "Goleta National Bank." The business of the Consolidated Bank shall be that of a national banking association and shall be conducted by the Consolidated Bank at its main office which shall be located at 5827 Xxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxx 00000.

The Consolidation. (a) Subject to the terms and conditions of this Agreement, at the Effective Time (as hereinafter defined) Interim Bank shall consolidate with the Bank pursuant to Subchapter H of the TSBA and Section 215 of the NBA, with the Bank surviving. Upon consummation of the Consolidation, the separate existence of Interim Bank shall cease. The Bank shall be the surviving bank (the “Consolidated Bank”) in the Consolidation and shall continue its existence as a national banking association under the laws of the United States of America. (b) FBC and the Bank may at any time, by amendment of this Agreement in accordance with Section 13.6 hereof, change the method of effecting the combination of Interim Bank and the Bank (including without limitation the provisions of this Article I) if and to the extent they deem such change to be desirable.

The Consolidation. Subject to the terms and conditions of this ----------------- Agreement, on the Effective Date, Heritage and BCB shall consolidate into the Holding Company in accordance with the provisions of the BCL. The Holding Company shall be the corporation formed as a result of the Consolidation, shall continue its corporate existence under the laws of the Commonwealth of Pennsylvania and shall have its headquarters at 000 Xxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxxx (the "BCB Operations Center") or such other location in Reading, Pennsylvania as the parties may agree. From and after the Effective Date, the Consolidation shall have the effects set forth in Section 1929 of the BCL.

The Consolidation. On the Effective Date (as hereinafter defined), the New Bank shall be consolidated with the Bank under the charter of the Bank, which shall survive the Consolidation ("Resulting Bank") and continue to be governed by the laws of the United States of America. The Consolidation shall be effected pursuant to the provisions of and shall have the effect provided by the National Bank Act, as amended (the "Act").

The Consolidation. Subject to the terms and conditions of this Agreement and the prior consummation of the Organization and the Conversion Merger, at the Effective Time, Parent Sub and the Converted Company shall consolidate in accordance with the requirements of Section 215 of the National Bank Act and the regulations of the OCC thereunder (the "Consolidation"). Upon consummation of the Consolidation, the separate corporate existence of Parent Sub shall cease and the Converted Company shall continue to exist as a national bank incorporated under the laws of the United States (the Converted Company, as the surviving corporation in the Consolidation, sometimes being referred to herein as the "Consolidated Corporation").

The Consolidation. (a) The Consolidation shall be pursuant to the provisions of, and with the effect provided in, 12 U.S.C. 215, and the Consolidation shall become effective on the date and time (the “Effective Time”) specified in the approval to be issued by the Comptroller of the Currency ("OCC"). (b) At the Effective Time, Interim Bank shall be consolidated with SCVE, and SCVE shall be the surviving bank in such consolidation (the “Surviving Bank”) and a wholly-owned subsidiary of Bancorp. SCVE shall thereupon succeed, without other transfer, to all rights and properties of, and shall be subject to all the debts and liabilities of Interim Bank and the separate existence of SCVE as a national banking association, with all its purposes, objects, rights, powers, privileges, liabilities, obligations and franchises, shall continue unaffected and unimpaired by the Consolidation.

The Consolidation. Subject to the terms and conditions set forth in the Consolidation Agreement, on the Effective Date, New Bank shall be consolidated with and into Texas National, with Texas National as the Surviving Bank, under the charter and Articles of Association of Texas National, as determined by the OCC, and each of the outstanding shares of common stock of New Bank shall and without any action on the part of Bancshares be canceled and be converted into shares of common stock of the Surviving Bank. The shares of common stock of the Surviving Bank into which such New Bank Common Stock is converted shall represent ownership of 100% of the issued and outstanding capital stock of the Surviving Bank, all of which shall be owned by Bancshares.

The Consolidation. Subject to the provisions of this Plan and in accordance with the terms of 12 USC Sections 215(a) through 215(g) and 12 CFR Section 5.33, on the Effective Date, New Bank will consolidate with the Bank, under the charter of the Bank (the "Consolidation"), and the resulting consolidated national banking association will operate under the name "Grant National Bank" (the "Consolidated Association"). The Consolidated Association will be a separate direct subsidiary of USBN as a result of the Consolidation. After the Effective Date, the Board of Directors of the

The Consolidation. On the terms and subject to the conditions set forth in this Agreement, at the Effective Time, in accordance with this Agreement and applicable Law, Newco and SBB shall consolidate (the "Consolidation"), with the Resulting Bank having the name "South Bay Bank, National Association."

The Consolidation. At the Effective Time (as defined in Section 9), Eastside, Linden Hills and Wedge shall consolidate with and into one another pursuant to a statutory consolidation (the “Consolidation”) in accordance with the provisions of this Plan, the consolidation agreement dated September 12, 2016, by and between Eastside, Linden Hills and Wedge (the “Consolidation Agreement”) and the applicable provisions of the Minnesota Cooperative Law. As of the Effective Time, the separate existence of Eastside, Linden Hills and Wedge shall thereupon cease, and CAFC, Inc. (“CAFC”) shall be the newly formed entity as a result of the Consolidation and shall begin its corporate existence pursuant to the provisions of the Minnesota Cooperative Law.