Conversion of Merger Sub Units. Each issued and outstanding Merger Sub Unit immediately prior to the Effective Time shall be converted into and become one (1) duly authorized, validly issued, fully paid and nonassessable common unit of the Surviving Entity (the “Surviving Entity Units”).
Appears in 3 contracts
Samples: Merger Agreement (New Fortress Energy Inc.), Merger Agreement (Golar LNG Partners LP), Merger Agreement (Golar LNG LTD)
Conversion of Merger Sub Units. Each unit of Merger Sub issued and outstanding Merger Sub Unit immediately prior to the Effective Time shall be converted into and become one (1) duly authorized, validly newly issued, fully paid paid, and nonassessable common non-assessable unit of the Surviving Entity (Company following the “Merger with the same rights, powers, and privileges as the units so converted and shall constitute the only outstanding equity interests of the Surviving Entity Units”)Company.
Appears in 1 contract
Samples: Merger Agreement
