Conversion Generally. (i) each Company Share issued and outstanding immediately prior to the Effective Time shall be converted into and shall become exchangeable for the right to receive Acquiror Common Stock as provided in Section 2.1(b); and (ii) all of the Company Shares that were outstanding immediately prior to the Effective Time shall no longer be outstanding and shall cease to exist, and each certificate previously representing any such Company Shares shall thereafter represent the right to receive the Merger Consideration into which such Company Shares were converted in the Holding Company Merger.
Appears in 2 contracts
Samples: Merger Agreement (Foothill Independent Bancorp), Merger Agreement (Foothill Independent Bancorp)
Conversion Generally. (i) each Each Company Share issued and outstanding immediately prior to the Company Merger Effective Time shall be converted into and shall become exchangeable for the right to receive Acquiror Common Stock Shares as provided in Section 2.1(b3.1(b); and
(ii) all All of the Company Shares that were outstanding immediately prior to the Company Merger Effective Time shall no longer be outstanding and shall cease to exist, and each certificate previously representing any such Company Shares shall thereafter represent the right to receive the Merger Consideration into which such Company Shares were converted in the Holding Company Merger.. PALOALTO 66463 v1 (2K) -13-
Appears in 2 contracts
Samples: Merger Agreement (BWC Financial Corp), Merger Agreement (BWC Financial Corp)
