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

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one newly issued, fully paid, and non-assessable share of common stock, par value $5.00 per share, of JCB as the surviving corporation in the Merger and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the Merger. From and after the Effective Time, all certificates representing shares of Merger Sub common stock 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Skyline Bankshares, Inc.)

AutoNDA by SimpleDocs

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value $0.001 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly issued, fully paid, and non-assessable share of common stockstock of the Surviving Corporation with the same rights, par value $5.00 per sharepowers, of JCB and privileges as the surviving corporation in the Merger shares so converted and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Corporation. From and after the Effective Time, all certificates representing shares of Merger Sub common stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Corporation into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Midwest Holding Inc.)

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly issued, fully paid, and non-assessable share of common stock, par value $5.00 0.01 per share, of JCB as the surviving corporation in Surviving Corporation and, after the Merger and Effective Time, shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Corporation. From and after the Effective Time, all certificates representing shares of Merger Sub common stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Corporation into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Iec Electronics Corp)

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value $0.0001 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly issued, fully paid, paid and non-assessable share of common stockstock of the Surviving Company with the same rights, par value $5.00 per share, of JCB powers and privileges as the surviving corporation in the Merger shares so converted and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Company. From and after the Effective Time, all certificates representing shares of common stock of Merger Sub common stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Company into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Globalstar, Inc.)

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value per share, stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly issued, fully paid, and non-assessable share of common stock, par value $5.00 0.001 per share, of JCB the Surviving Corporation with the same rights, powers, and privileges as the surviving corporation in the Merger shares so converted and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Corporation. From and after the Effective Time, all certificates representing shares of Merger Sub common stock Common Stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Corporation into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tenax Therapeutics, Inc.)

AutoNDA by SimpleDocs

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time (the “Merger Sub Common Stock”) shall be converted into one newly issued, fully paid, and non-assessable share of common stock, par value $5.00 0.01 per share, of JCB as the surviving corporation in the Merger Surviving Corporation and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Corporation. From and after the Effective Time, all certificates representing shares of Merger Sub common stock Common Stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Corporation into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Stockholders Agreement (Tuscan Holdings Corp.)

Conversion of Merger Sub Capital Stock. Each share of common stock, no par value per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one newly issued, fully paid, and non-assessable share of common stock, par value $5.00 per share, of JCB as the surviving corporation in the Merger Surviving Entity and shall constitute the only outstanding shares of capital stock of JCB, as the surviving corporation in the MergerSurviving Entity. From and after the Effective Time, all certificates representing shares of Merger Sub common stock shall be deemed for all purposes to represent the number of shares of common stock of the surviving corporation Surviving Entity into which they were converted in accordance with the immediately preceding sentence.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Skyline Bankshares, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.