CONVERSION OF MERGER SUB MEMBER INTERESTS. At the Effective Time, by virtue of the Merger and without any action on the part of the REIT, the Operating Partnership or Merger Sub, each member interest in Merger Sub issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become a member interest in the Surviving Entity.
Appears in 4 contracts
Samples: Merger Agreement (Silver Bay Realty Trust Corp.), Merger Agreement (Silver Bay Realty Trust Corp.), Merger Agreement (Silver Bay Realty Trust Corp.)
