NCBC definition
Examples of NCBC in a sentence
By negotiating and executing the Merger Agreement and by taking actions necessary or appropriate to effect the transactions contemplated by the Merger Agreement, NCBC has incurred and will incur substantial direct and indirect costs (including, without limitation, the costs and management and employee time) and will forgo the pursuit of certain alternative investments and transactions.
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated by it will violate or result in any violation of or be in conflict with or constitute a default under any term of the charter or bylaws of NCBC or any agreement, instrument, judgment, decree, law, rule or order applicable to NCBC or any subsidiary of NCBC or to which NCBC or any such subsidiary is a party.
When NCBC wishes to exercise the Option, NCBC will give written notice of its intention to exercise the Option and the place and date for the closing of the exercise (which date may not be later than ten business days from the date such notice is mailed).
Without limiting the generality of the foregoing, if the right of NCBC to exercise the Option in full for the total number of shares of FFC Common Stock or other securities or property issuable upon the exercise of the Option is limited by applicable law, or otherwise, NCBC may, nevertheless, exercise the Option to the fullest extent permissible.
This Agreement has been duly authorized by all necessary corporate action on the part of NCBC, has been duly executed by a duly authorized officer of NCBC and constitutes a valid and binding obligation of NCBC.
FFC and NCBC have executed an Agreement and Plan of Merger ("Merger Agreement"), of even date with this Agreement, under which FFC will be merged into NCBC upon completion of the merger ("Merger") contemplated in the Merger Agreement.
Without limiting the foregoing, in any case in which approval by the Surviving Corporation is required to effectuate any indemnification, the Surviving Corporation shall direct, at the election of the Indemnified Party, that the determination of any such approval shall be made by independent counsel mutually agreed upon between NCBC and the Indemnified Party.
The duration and other terms of the new option shall be the same as the original option except that all references to CCB shall be deemed to be references to NCBC.
From and after the Effective Time and until the second anniversary thereof, all vacancies on the Board of Directors of the Surviving Corporation created by (i) the cessation of service of a CCB Director shall be filled by a nominee selected by the continuing CCB Directors and (ii) the cessation of service of a NCBC Director shall be filled by a nominee selected by the continuing NCBC Directors.
However, upon surrender of such FFC Common Stock certificate, both the NCBC Common Stock certificate and any undelivered dividends and cash payments payable hereunder (without interest) shall be delivered and paid with respect to each share represented by such certificate.