Conversion of Capital. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any membership interests of Kino or capital stock of the Surviving Entity:
Conversion of Capital. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof:
(a) Capital Stock of SC. Each issued and outstanding ordinary share, par value $0.01 per share, of SC ("SC Common Stock") shall be converted into and become one fully paid and nonassessable ordinary share, par value $0.01 per share, of the Surviving Corporation ("Surviving Corporation Common Stock"). Each certificate representing outstanding shares of SC Common Stock shall at the Effective Time represent an equal number of shares of Surviving Corporation Common Stock.
Conversion of Capital. STOCK Section 3.1 Conversion of Stock......................................6 Section 3.2 [Intentionally omitted]..................................6 Section 3.3
Conversion of Capital. Stock As of the Effective Time, by virtue of the Merger and without any action on the part of the holders of shares of common stock, no par value, of the Merging Corporation (the "Merging Corporation Common Stock"), or the holders of the shares of the common stock, par value $.001 per share, of the Purchaser (the "Purchaser Common Stock");
(a) Common Stock of Purchaser. Each share of Purchaser Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of common stock, par value $.001 per share, of the Surviving Corporation, which shall be all of the issued and outstanding capital stock of the Surviving Corporation.
Conversion of Capital. Stock Section 2.1
Conversion of Capital
