Common use of Effective Date of the Merger Clause in Contracts

Effective Date of the Merger. Upon satisfaction or waiver (in accordance with the provisions of this Agreement) of each of the conditions set forth in Article III, the parties hereto shall execute and cause to be filed Articles of Combination, and such certificates or further documents as shall be required by the OTS, with the Secretary of the OTS and shall cause to be filed with such other federal or state regulatory agencies all such certificates and other documents as may be required in the opinion of special counsel to the Bank and the Holding Company. Upon approval by the OTS and endorsement of such Articles of Combination by the Secretary of the OTS, the Merger and other transactions contemplated by this Agreement shall become effective. The “Effective Date” for all purposes hereunder shall be the date of such endorsement by the Secretary of the OTS.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Virginia Savings Bancorp, Inc.), Agreement and Plan of Reorganization (Virginia Savings Bancorp), Agreement and Plan of Reorganization (Virginia Savings Bancorp)

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