Common use of Merger or Similar Transaction Clause in Contracts

Merger or Similar Transaction. Bancorp or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Bank or Bancorp, or either entity engages in a plan of share exchange or exchange offer, and as a result, more than 50% of the combined voting power of the resulting entity immediately after the merger or consolidation or other transaction is held, directly or indirectly, by persons who were not shareholders of Bancorp or the Bank immediately before the merger, consolidation or other transaction;

Merger or Similar Transaction. Bancorp or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Bank or Bancorp, or either entity engages in a plan of share exchange or exchange offer, and as a result, more less than 50% a majority of the combined voting power of the resulting entity corporation immediately after the merger or consolidation or other transaction is held, directly or indirectly, held by persons who were not shareholders of Bancorp or the Bank immediately before the merger, consolidation or other transaction;