MCBI definition
Examples of MCBI in a sentence
MCBI Statutory Trust I has 35,000 preferred securities and 1,083 common securities issued and outstanding as of the date of this Agreement, with a liquidation value of $1,000 per share.
The representations and warranties described below and included in the Merger Agreement were made only for purposes of the Merger Agreement and as of specific dates, are solely for the benefit of MCBI, Acquisition Corp.
The Board met on February 23 to review the revised IOIs of MCBI and COMPANY E.
During the period from the date of this Agreement to the Effective Time as necessary, BMBC will cause one or more of its representatives to confer with representatives of MCBI and report the general status of its financial condition, operations and business and matters relating to the completion of the transactions contemplated hereby, at such times as MCBI may reasonably request.
The United States federal and state income Tax Returns of MCBI and each MCBI Subsidiary subject to such Taxes have been audited by the IRS or relevant state Tax Authorities or are closed by the applicable statute of limitations for all taxable years through December 31, 2006.
Neither MCBI nor any MCBI Subsidiary has been a member of an affiliated group filing a consolidated federal income Tax Return (other than a group the common parent of which was MCBI) and neither MCBI nor any MCBI Subsidiary has any liability for the Taxes of any Person (other than MCBI or any MCBI Subsidiary) under Section 1.1502-6 of the income tax regulations promulgated under the Code (or any similar provision of state, local, or non-U.S. law), as a transferee or successor, by contract, or otherwise.
In rendering the tax opinion described in this Section 9.1.6, the law firms may require and rely upon customary representations contained in certificates of officers of BMBC and MCBI and their respective subsidiaries.
If such holder withdraws or loses (through failure to perfect or otherwise) his right to such payment after the Effective Time, each share of MCBI Common Stock of such holder shall be entitled to receive the Merger Consideration.
Finally, the board noted that the nominal value of the estimated range of the merger consideration of the MCBI proposal was higher than the nominal value of the estimated range of the merger consideration of COMPANY E’s proposal.
Subject to the terms and conditions of this Agreement, at the Effective Time: (a) MCBI shall merge with and into BMBC, with BMBC as the resulting or surviving corporation (the “Surviving Corporation”); and (b) the separate existence of MCBI shall cease and all of the rights, privileges, powers, franchises, properties, assets, liabilities and obligations of MCBI shall be vested in and assumed by BMBC.