Conversion of Limestone Bank Shares. At the Effective Time, each issued and outstanding share of Limestone Bank capital stock shall automatically by virtue of the Limestone Bank Merger be canceled without payment.
Conversion of Limestone Bank Shares Sample Clauses
Related to Conversion of Limestone Bank Shares
Conversion of Merger Sub Stock Each share of common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one fully paid and nonassessable share of common stock of the Surviving Corporation, following which, the Surviving Corporation shall be a wholly owned Subsidiary of Parent. From and after the Effective Time, all certificates representing the common stock of Merger Sub shall be deemed for all purposes to represent the number of shares of common stock of the Surviving Corporation into which they were converted in accordance with the immediately preceding sentence.
Conversion of Company Securities At the Effective Time, by virtue of the Merger and without any action on the part of any Party or the holder of any of the following securities:
