Common use of Capital Stock of Subsidiary Clause in Contracts

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.

Appears in 2 contracts

Samples: Agreement of Merger and Plan of Reorganization (Billserv Com Inc), Agreement of Merger and Plan of Reorganization (Clearworks Net Inc)

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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 Subsidiary shall continue to be issued and outstanding and shall be converted into ten thousand (10,000) shares of validly issued, fully paid and non-assessable Common Stock of the Surviving Corporation. Each stock certificate representing immediately prior to the Effective Time issued of Subsidiary evidencing ownership of any such shares of capital stock of the Subsidiary shall continue to evidence ownership of the same number of such shares of capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Rocky Mountain Internet Inc)

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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 Subsidiary shall continue to be issued and outstanding and shall be converted into one share of validly issued, fully paid and non-assessable common stock of the Surviving Corporation. Each stock certificate representing immediately prior to the Effective Time issued of Subsidiary evidencing ownership of any such shares of capital stock of the Subsidiary shall continue to evidence ownership of the same number of such shares of capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Rocky Mountain Internet Inc)

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