Common use of Acquisition Subsidiary’s Certificate of Organization and Operating Agreement Clause in Contracts

Acquisition Subsidiary’s Certificate of Organization and Operating Agreement. On and after the Effective Time, the Certificate of Organization and Operating Agreement of Acquisition Subsidiary, as in effect immediately prior to the Effective Time shall automatically be and remain the Certificate of Organization and Operating Agreement of Acquisition Subsidiary, as the surviving limited liability company in the Merger, until thereafter altered, amended, or replaced in accordance with law and the Operating Agreement.

Appears in 4 contracts

Samples: Merger Agreement (Acnb Corp), Merger Agreement (Acnb Corp), Merger Agreement (Fidelity D & D Bancorp Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!