Common use of Conversion of Merger Sub Shares Clause in Contracts

Conversion of Merger Sub Shares. Each Merger Sub Share issued and outstanding immediately prior to the Effective Time shall be converted into one (1) fully paid and nonassessable ordinary share, par value $0.01 per share, of the Surviving Company with the same rights, powers and privileges as the shares so converted. From and after the Effective Time, any certificates evidencing Merger Sub Shares shall be deemed for all purposes to represent the number of shares of the Surviving Company into which they were converted in accordance with the immediately preceding sentence.

Conversion of Merger Sub Shares. Each common share, par value $0.0001 per share, of Merger Sub Share (each, a “Merger Sub Share”) issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become one (1) authorized, validly issued, fully paid and nonassessable ordinary shareshare of common stock, par value $0.01 0.0001 per share, of the Surviving Company with the same rights, powers and privileges as the shares so converted. From and after the Effective Time, any certificates evidencing Merger Sub Shares shall be deemed for all purposes to represent the number of shares of the Surviving Company into which they were converted in accordance with the immediately preceding sentenceCompany.

Conversion of Merger Sub Shares. Each At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the Stockholders, each Merger Sub Common Share that is issued and outstanding immediately prior to the Effective Time shall be automatically converted into one (1) fully paid and nonassessable ordinary shareshare of common stock, par value $0.01 per share, 0.0001 of the Surviving Company with the same rightsCorporation. Each certificate evidencing ownership of shares of capital stock of Merger Sub shall, powers and privileges as the shares so converted. From and after of the Effective Time, any certificates evidencing Merger Sub Shares shall be deemed for all purposes to represent the number evidence ownership of shares of common stock of the Surviving Company into which they were converted in accordance with the immediately preceding sentenceCorporation.