Common use of Conversion of Newco Stock Clause in Contracts

Conversion of Newco Stock. On the Effective Date, each share of the total of 20,000 shares of common stock of Newco, par value $.001 per share, issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into and become one share of common stock, par value $.001 per share, of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent shall own all of the issued and outstanding capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inc Ubator Capital Inc)

AutoNDA by SimpleDocs

Conversion of Newco Stock. On the Effective Date, each share of the total of 20,000 100 shares of common stock of Newcostock, par value $.001 10.00 per share, of Newco issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into and become one share of common stock, $10.00 par value $.001 per share, of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent Parentco shall own all of the issued and outstanding capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mediq Inc)

Conversion of Newco Stock. On the Effective Date, each Each share of the total of 20,000 shares of common stock of Newco, par value $.001 per share, Newco issued and outstanding immediately before prior to the Effective Date Time shall, by virtue of the Merger and without any action on the part of MCE, Newco, Metelics or the holder thereofShareholder, shall automatically be automatically converted into one fully paid and become one non-assessable share of common stock, par value $.001 per share, stock of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent which shall own constitute all of the issued and outstanding capital shares of common stock of the Surviving CorporationCorporation immediately after the Effective Time of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mce Companies Inc)

Conversion of Newco Stock. On the Effective Date, each share of the total of 20,000 1,000 shares of common stock of Newco, Newco,$1.00 par value $.001 per share, issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into and become one share of common stock, $0.01 par value $.001 per share, of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent Acquiror shall own all of the issued and outstanding capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sungard Data Systems Inc)

AutoNDA by SimpleDocs

Conversion of Newco Stock. On the Effective Date, each share of the total of 20,000 1,000 shares of common stock of Newco, $1.00 par value $.001 per share, issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into and become one share of voting common stock, $0.002 par value $.001 per share, of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent SunGard shall own all of the issued and outstanding capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sungard Data Systems Inc)

Conversion of Newco Stock. On the Effective Date, each share of the total of 20,000 1,000 shares of common stock of Newco, $0.01 par value $.001 per share, issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be automatically converted into and become one share of common stock, $0.01 par value $.001 per share, of the Surviving Corporation. It is the intention of the parties that, immediately after the Merger, Emergent GSI shall own all of the issued and outstanding capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gsi Commerce Inc)

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