Common use of Effective Date and Effective Time Clause in Contracts

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIII, the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective Date") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VIII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of United, on the last business day of the month in which such fifth business day occurs or, if such fifth business day occurs within the last five business days of such month, on the last business day of the succeeding month) or (ii) such other date to which the parties may agree in writing. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective Time."

Appears in 2 contracts

Samples: Stock Option Agreement (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Century Bancshares Inc)

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Effective Date and Effective Time. (a) Subject to the satisfaction or waiver of the conditions set forth in Article VIII, the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective Date") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VIII VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of United, on the last business day of the month in which such fifth business day occurs or, if such fifth business day occurs within the last five business days of such month, on the last business day of the succeeding month) or (ii) such other date to which the parties may agree in writing. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective Time."

Appears in 2 contracts

Samples: Stock Option Agreement (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Century Bancshares Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIIVII, the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective DateEFFECTIVE DATE") to occur on (ia) the fifth business day to occur after the last of the conditions set forth in Article VIII VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of UnitedWachovia, on the last business day of the month in which such fifth business day occurs or, if such fifth last business day occurs within on one of the last five business days of such month, on the last business day of the succeeding month) or (iib) such other date to which the parties may agree in writing. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective TimeEFFECTIVE TIME."

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interstate Johnson Lane Inc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIIVII (other than the delivery of certificates, opinions and other instruments and documents to be delivered at the Closing), the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective DateEFFECTIVE DATE") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VIII VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of United, on the last business day of the month in which such fifth business day occurs or, if such fifth business day occurs within the last five business days of such month, on the last business day of the succeeding month) or (ii) such other date to which the parties may agree in writing. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective TimeEFFECTIVE TIME."

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fed One Bancorp Inc)

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Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIIVII, the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective DateEFFECTIVE DATE") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VIII VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of UnitedWachovia, on the last business day of the month in which such fifth business day occurs or, if such fifth last business day occurs within on one of the last five business days of such month, on the last business day of the succeeding month) or (ii) such other date to which the parties may agree in writing. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective TimeEFFECTIVE TIME."" 2.03

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wachovia Corp/ Nc)

Effective Date and Effective Time. Subject to the satisfaction or waiver of the conditions set forth in Article VIIIVII, the parties shall cause the effective date of the Bank Merger (the "Bank Merger Effective DateEFFECTIVE DATE") to occur on (i) the fifth business day to occur after the last of the conditions set forth in Article VIII VII shall have been satisfied or waived in accordance with the terms of this Agreement (or, at the election of United, on the last business day of the month in which such fifth business day occurs or, if such fifth business day occurs within the last five business days of such month, on the last business day of the succeeding month) or (ii) such other date to which the parties may agree in writing; PROVIDED, HOWEVER, that in no event shall the Effective Date occur on or prior to January 1, 1998. The time on the Bank Merger Effective Date when the Merger shall become effective is referred to as the "Bank Merger Effective TimeEFFECTIVE TIME."" 2.04

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Bankshares Inc/Wv)

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