Common use of Conversion of Capital Stock of Merger Sub Clause in Contracts

Conversion of Capital Stock of Merger Sub. At the Effective Time, without any action on the part of Parent, the Company, Holdco or Merger Sub, each share of capital stock of Merger Sub issued and outstanding immediately prior to the Effective Time will be converted into and become one validly issued, fully paid and nonassessable share of common stock, par value $0.001 per share, of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Citadel Broadcasting Corp), Agreement and Plan of Merger (Cumulus Media Inc)

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Conversion of Capital Stock of Merger Sub. At the Effective Time, without any action on the part of Parent, the Company, Holdco or Merger Sub, each Each share of capital stock of Merger Sub issued and outstanding immediately prior to the Effective Time will shall remain outstanding and shall be converted into and become shall represent one validly issued, fully paid and nonassessable share of common stock, par value $0.001 0.01 per share, of the Surviving CorporationEntity, so that, after the Effective Time, Parent shall be the holder of all of the issued and outstanding shares of the Surviving Entity’s capital stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Collegiate Pacific Inc)

Conversion of Capital Stock of Merger Sub. At and as of the Effective Time, without any action on the part of Parent, the Company, Holdco or Merger Sub, each share of capital stock of Merger Sub issued and outstanding immediately prior to the Effective Time will shall be converted into and become exchanged for one validly issued, fully paid and nonassessable share of common stock, without par value $0.001 per sharevalue, of the Surviving CorporationCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Theater Systems Inc)

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Conversion of Capital Stock of Merger Sub. At the Effective Time, without any action on the part of Parent, the Company, Holdco Parent or Merger Sub, each share of capital stock of Merger Sub issued and outstanding immediately prior to the Effective Time will be converted into and become one validly issued, fully paid and nonassessable share of common stock, par value $0.001 per share, of the Surviving CorporationEntity.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Flowers Foods Inc)

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