MCAC definition

MCAC means the Medical Care Advisory Committee.

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MCAC means Magic Circle Acquisition Corporation, an Oklahoma corporation.

MCAC means the Maryland Corporations and Associations Code.

Examples of MCAC in a sentence

• MCAA/MSCA, MCAC, PFI, MCPWB, PCA, UAC and NFSA and their signatory contractors have the responsibility to manage their jobs effectively, and such have the following responsibilities under the UA Standard for Excellence.

• A Dispute which is not able to be settled by amicable agreement within thirty (30) days from when a Party first requested such Dispute to be settled shall referred to and finally resolved by arbitration administered by the The Middle Commercial Arbitration Center (MCAC) under the MCAC Arbitration Rules in force when the notice of arbitration is submitted.

• MCSC and MCAC shall provide such counsel reasonable and customary representations in connection with such counsel's opinion.

• Except as set forth herein, the directors and officers of MCAC immediately prior to the Effective Time shall be the directors and officers of the Surviving Corporation, each of whom shall hold office in accordance with the Articles of Incorporation and Bylaws of the Surviving Corporation.

• The Articles of Incorporation and Bylaws of MCAC, as in effect immediately prior to the Effective Time, shall be the Articles of Incorporation and Bylaws of the Surviving Corporation, respectively, until altered, amended or repealed in accordance with their terms and applicable law.

• A certified copy of the resolutions of the Boards of Directors of MCSC and MCAC approving this Agreement and the transactions contemplated hereby will be delivered to MW, and such copies will be complete and correct and such resolutions will be in full force and effect on the dates of their respective adoption.

• Borrower shall not permit, and shall not allow any of its Subsidiaries to permit, (a) MCAC or CDC to own any assets or owe any Indebtedness or other liabilities, (b) MCAC, CDC or Great Plains to conduct any business or (c) Great Plains to own more than $50,000 of assets.

• MCSC and MCAC shall have performed and complied with all agreements, obligations and conditions required by this Agreement to be so performed or complied with by it at or prior to the Closing.

• The authorized capital stock of the Surviving Corporation shall be as stated in the Articles of Incorporation of MCAC immediately prior to the Effective Time.

• Immediately prior to the Closing Date (as defined in Section 2.2 hereof), MCSC shall have organized, as a wholly owned subsidiary, MCAC as a California corporation pursuant to Section 202, ET SEQ.

More Definitions of MCAC

MCAC shall have the meaning given in the Recitals hereto.

MCAC means the Maryland Corporation and Association Code, as amended. "Merger" shall mean the merger of Acquisition with and into Seller as defined in Section 2(a) of this Agreement. "OCC" shall mean the Office of the Comptroller of the Currency. "Parties" or "Party" shall mean Purchaser, Purchaser Bank, Seller, Seller Bank and Acquisition. "Plan of Merger" shall have the meaning assigned to it in Section 2(a) of this Agreement. "Plans" shall have the meaning assigned to it in Section 5(r) of this Agreement. "Purchaser" shall mean Bastrop Bancshares, Inc. "Purchaser Balance Sheet" has the meaning assigned to it in Section 6(d) of this Agreement. "Purchaser Bank" shall mean First National Bank of Bastrop. "Purchaser Parties" shall mean Purchaser, Acquisition and Purchaser Bank. "Regulatory Filings" shall have the meaning assigned to it in Section 5(t) of this Agreement. "Seller" shall mean CBCT Bancshares, Inc. "Seller Balance Sheet" shall have the meaning assigned to it in Section 5(f)(ii) of this Agreement. "Seller Financial Statements" shall have the meaning assigned to it in Section 5(f) of this Agreement. "Seller Parties" shall mean Seller and Seller Bank. "Seller Stock" shall have the meaning assigned to it in Section 5(e) of this Agreement. "Seller Bank" shall mean Community Bank of Central Texas, ssb, Smithville, Texas. "Seller Bank Stock" shall have the meaning assigned to it in Section 5(e) of this Agreement. "Subsidiary Merger" shall have the meaning assigned to it in Section 2(c) of this Agreement. "Subsidiary Plan of Merger" shall have the meaning assigned to it in Section 2(c) of this Agreement. "Superior Proposal" shall have the meaning assigned to it in Section10(a) of this Agreement. "Surviving Corporation" shall have the meaning assigned to it in Section 1 of this Agreement. "TBCA" refers to the Texas Business Corporation Act, as amended. --3-- "TSLD" shall mean the Texas Savings and Loan Department.

MCAC has the meaning set forth in the Statement of Purpose.