Capital Stock of Subsidiary. Each share of Subsidiary's capital stock issued and outstanding immediately prior to the Effective Time shall be converted into and become one fully paid and nonassessable share of Common Stock, par value $5.00 per share, of the Surviving Corporation. (b)
Capital Stock of Subsidiary. Each issued and outstanding share of the capital stock of the Subsidiary shall continue to be an issued and outstanding share of capital stock of the Surviving Corporation. Each certificate representing immediately prior to the Effective Time issued shares of capital stock of the Subsidiary shall continue to evidence ownership of the same number of shares of capital stock of the Surviving Corporation.
Capital Stock of Subsidiary. The Company is directly or indirectly the record and beneficial owner (including all such qualifying shares) of all of the outstanding shares of capital stock of its Subsidiary. There are no proxies with respect to such shares, and there are not any existing options, warrants, calls, subscriptions, or other rights or other agreements or commitments obligating the Company or its Subsidiary to issue, transfer or sell any shares of capital stock of the Subsidiary or any other securities convertible into or evidencing the right to subscribe for any such shares. All of such shares so owned by the Company are duly authorized and validly issued, fully paid, nonassessable and free of preemptive rights with respect thereto and are owned by the Company free and clear of any claim, lien or encumbrance of any kind with respect thereto. The Company does not, directly or indirectly, own any interest in any corporation, partnership, joint venture or other business association or entity.
Capital Stock of Subsidiary. At the Effective Time, by virtue of the Merger and without any action on the part of Company, Buyer, Subsidiary, or any of the Shareholders, each share of Common Stock of Subsidiary issued and outstanding immediately prior to the Effective Time shall be cancelled and extinguished, and automatically converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation. Each stock certificate evidencing ownership of any such shares of common stock of Subsidiary shall thereafter evidence ownership of an equivalent number of shares of common stock of the Surviving Corporation.
Capital Stock of Subsidiary. All outstanding shares of capital stock of Subsidiary are held beneficially and of record by Parent. There are not outstanding any options or other rights to purchase or otherwise acquire from Subsidiary, or any commitment of any character by Subsidiary to issue, any shares of capital stock or any securities or obligations convertible into or exchangeable for, or otherwise entitling any Person to acquire from Subsidiary, any shares of its capital stock.
Capital Stock of Subsidiary. The Merger will effect no change in any of the shares of capital stock of Subsidiary which will continue to be issued and outstanding and will not be converted as a result of the Merger. Each stock certificate of Subsidiary evidencing ownership of such certificates will continue to evidence ownership of such shares of capital stock of the Surviving Corporation.
Capital Stock of Subsidiary. Each issued and outstanding share of capital stock of Subsidiary shall continue to be issued and outstanding.
Capital Stock of Subsidiary. All capital stock of Ultimit Solutions, Inc. owned by HSI (the "HSI Subsidiary").
