THE MERGER
As promptly as practicable following the satisfaction or waiver of the conditions to each Party’s respective obligations hereunder, and immediately following the consummation of the Conversion and the issuance of shares thereunder, and subject to the terms and conditions of this Agreement, at the Effective Time: (a) Regal Bancorp shall merge with and into SR Bancorp, or a to-be-formed subsidiary of SR Bancorp, with SR Bancorp (or the subsidiary) as the resulting or surviving corporation (the “Surviving Corporation”); and (b) the separate existence of Regal Bancorp shall cease and all of the rights, privileges, powers, franchises, properties, assets, liabilities and obligations of Regal Bancorp shall be vested in and assumed by the Surviving Corporation. As part of the Merger, each share of Regal Bancorp Common Stock will be converted into the right to receive the Merger Consideration pursuant to the terms of Article III. Immediately after the Merger and the Charter Conversion, Regal Bank shall merge with and into Somerset Bank, with Somerset Bank as the resulting institution under the name “Somerset Regal Bank” (the “Bank Merger”), which name shall be effective at the time of the consummation of the Bank Merger, pursuant to the terms of the Bank Merger Agreement.
【参考訳】本契約に基づく各当事者の各義務に対する条件が充足または免除された後、実行可能な限り速やかに、本転換が完了し、本契約に基づく株式が発行された直後に、本契約の条件に従い、発効時に、Regal Bancorp は SR Bancorp と合併する： (a) Regal Bancorp は SR Bancorp または SR Bancorp の設立予定の子会社と合併し、SR Bancorp（または子会社）を合併の結果生じる会社または存続する会社（以下「存続会社」）とし、(b) Regal Bancorp の別個の存在は消滅し、Regal Bancorp のすべての権利、特権、権限、フランチャイズ、財産、資産、負債および義務は存続会社に帰属し、存続会社が引き受けるものとする。本合併の一環として、Regal Bancorp 普通株式の各株式は、第 III 条の条項に従い、合併対価を受け取る権利に転換される。この名称は銀行合併契約の条項に従い、銀行合併が完了した時点で有効となります。
