Common use of SUCCESSOR TO THE Clause in Contracts

SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.

Appears in 4 contracts

Samples: Severance Agreement (Fidelity Bankshares Inc), Severance Agreement (Fidelity Bankshares Inc), Severance Agreement (Fidelity Bankshares Inc)

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SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the BankBank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.

Appears in 3 contracts

Samples: First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc), First Federal Savings (First Federal Bankshares Inc)

SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, to expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, Agreement in the same manner and to the same extent that the Bank would be required to perform such obligations if no such succession or assignment had taken place.

Appears in 2 contracts

Samples: Control Agreement (First Sentinel Bancorp Inc), Control Agreement (First Sentinel Bancorp Inc)

SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the BankBank or the Company, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.. SIGNATURES

Appears in 1 contract

Samples: Employment Agreement (Fidelity Bankshares Inc)

SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.. SIGNATURES

Appears in 1 contract

Samples: Control Agreement (Patriot Bank Corp)

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SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the BankBank or the Company, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession successor or assignment had taken place.

Appears in 1 contract

Samples: Employment Agreement (Alliance Bancorp)

SUCCESSOR TO THE. BANK The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the BankBank or the Company, expressly and unconditionally to assume and agree to perform the Bank's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.

Appears in 1 contract

Samples: Employment Agreement (Leeds Federal Bankshares)

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