Common use of Conversion of Merger Sub Shares Clause in Contracts

Conversion of Merger Sub Shares. Each common share of Merger Sub, par value $1.00 per share, issued and outstanding immediately prior to the Effective Time shall automatically be cancelled and converted into one validly issued, fully paid and non-assessable common share of the Surviving Company, par value $1.00 per share.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Exor S.p.A.), Agreement and Plan of Merger (Partnerre LTD), Agreement and Plan of Merger (Exor S.p.A.)

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Conversion of Merger Sub Shares. Each common share of Merger Subshare, par value $1.00 0.0001 per share, of Merger Sub (each, a “Merger Sub Share”) issued and outstanding immediately prior to the Effective Time shall automatically be cancelled and converted into and become one authorized, validly issued, fully paid and non-assessable nonassessable share of common share stock, par value $0.0001 per share, of the Surviving Company, par value $1.00 per share.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (SherpaVentures Fund II, LP), Agreement and Plan of Merger (Astra Space, Inc.), Agreement and Plan of Merger (London Adam)

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Conversion of Merger Sub Shares. Each common ordinary share of Merger Sub, par value $1.00 per share, Sub issued and outstanding immediately prior to the SPAC Merger Effective Time shall automatically be cancelled and converted into and exchanged for one validly issued, fully paid and non-assessable common share nonassessable ordinary share, par value $0.0001 per share, of the Surviving Company, par value $1.00 per share.

Appears in 1 contract

Samples: Business Combination Agreement (Twin Ridge Capital Acquisition Corp.)

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