Common use of Conversion of Acquisition Sub Common Stock Clause in Contracts

Conversion of Acquisition Sub Common Stock. Each share of ------------------------------------------ common stock, par value $.01 per share, of Acquisition Sub (the "ACQUISITION SUB COMMON STOCK") issued and outstanding at the Effective Time shall, at the Effective Time by virtue of the Merger and without any action on the part of the holder thereof, be converted into and exchangeable for one fully paid and nonassessable share of the common stock of the Surviving Corporation ("SURVIVING CORPORATION COMMON STOCK"). From and after the Effective Time, each outstanding certificate theretofore representing shares of Acquisition Sub Common Stock shall be deemed for all purposes to evidence ownership of, and to represent the number of shares of, Surviving Corporation Common Stock into which such shares of Acquisition Sub Common Stock shall have been converted.

Appears in 3 contracts

Samples: Merger Agreement (Xpedite Systems Inc), Merger Agreement (Premiere Technologies Inc), Merger Agreement (Premiere Technologies Inc)

AutoNDA by SimpleDocs

Conversion of Acquisition Sub Common Stock. Each share of ------------------------------------------ common stock, par value $.01 per share, of Acquisition Sub (the "ACQUISITION SUB COMMON STOCK") issued and outstanding at the Effective Time Date shall, at the Effective Time by virtue of the Merger and without any action on the part of the holder thereof, be converted into and exchangeable for one fully paid and nonassessable share of the common stock stock, par value $.01 per share, of the Surviving Corporation (the "SURVIVING CORPORATION COMMON STOCK"). From and after the Effective TimeDate, each outstanding certificate theretofore representing shares of Acquisition Sub Common Stock shall be deemed for all purposes to evidence ownership of, and to represent the number of shares of, Surviving Corporation Common Stock into which such shares of Acquisition Sub Common Stock shall have been converted.

Appears in 2 contracts

Samples: Merger Agreement (MJD Communications Inc), Merger Agreement (MJD Communications Inc)

AutoNDA by SimpleDocs

Conversion of Acquisition Sub Common Stock. Each share of ------------------------------------------ common stock, par value $.01 10.00 per share, of Acquisition Sub (the "ACQUISITION SUB COMMON STOCK") issued and outstanding at the Effective Time Date shall, at the Effective Time by virtue of the Merger and without any action on the part of the holder thereof, be converted into and exchangeable for one fully paid and nonassessable share of the common stock stock, par value $10.00 per share, of the Surviving Corporation (the "SURVIVING CORPORATION COMMON STOCK"). From and after the Effective TimeDate, each outstanding certificate theretofore representing shares of Acquisition Sub Common Stock shall be deemed for all purposes to evidence ownership of, and to represent the number of shares of, Surviving Corporation Common Stock into which such shares of Acquisition Sub Common Stock shall have been converted.

Appears in 2 contracts

Samples: Merger Agreement (MJD Communications Inc), Merger Agreement (MJD Communications Inc)

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