Examples of Boardwalk Bancorp in a sentence
P.O. Box 279 201 Shore Road Linwood, New Jersey 08221 Re: Certain Federal Income Tax Consequences Relating to Conversion of Cape Savings Bank from a New Jersey-Chartered Mutual Savings Bank to a New Jersey-Chartered Stock Savings Bank Certain Federal Income Tax Consequences of the Merger of Boardwalk Bancorp, Inc.
Acquiree Corporation: Boardwalk Bancorp, Inc., Linwood, New Jersey.
The total number of shares of Boardwalk Bancorp Common Stock to be converted into the right to receive Cash Consideration as well as the total number of shares to be converted into the right to receive Stock Consideration for such shares shall each be 50% of the number of shares of Boardwalk Bancorp Common Stock outstanding immediately prior to the Effective Time.
Immediately after consummation of the Stock Offering, the Merger will be effected, pursuant to the Merger Agreement, as follows: Boardwalk Bancorp shall merge with and into Cape Bancorp, with Cape Bancorp as the surviving entity.
As a result of the Merger and Bank Merger, the existence of Boardwalk Bancorp and Boardwalk Bank shall cease, and Cape Bancorp and Cape Savings Bank shall continue to exist as a holding company and a savings bank under the laws of the states of Maryland and New Jersey, respectively.
Cape Bancorp or Cape Savings shall have delivered the Exchange Fund to the Exchange Agent on or before the Closing and the Exchange Agent shall provide Boardwalk Bancorp with a certificate evidencing such delivery.
Cape Savings will promptly notify Boardwalk Bancorp of any material change in the normal course of its business or in the operation of its properties and, to the extent permitted by applicable law, of any governmental complaints, investigations or hearings (or communications indicating that the same may be contemplated), or the institution or the threat of material litigation involving Cape Savings and any Cape Savings Subsidiary.
The Boardwalk Bancorp Stockholders Meeting shall not be held until the Conversion Registration Statement has been declared effective by the SEC.
Neither Boardwalk Bancorp, its Subsidiaries, nor any ERISA Affiliate has contributed to any “multiemployer plan,” as defined in Section 3(37) of ERISA, on or after September 26, 1986.
Boardwalk Bancorp shall give written notice to the each holder of a then-outstanding Boardwalk Bancorp Option that such holder will receive the payment described herein in exchange for such holders outstanding Options and Boardwalk Bancorp shall use its reasonable best efforts to obtain the written acknowledgment of each such holder of the receipt of such notice.