Conversion of the Capital Stock of Acquisition Sub. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each issued and outstanding share of capital stock of Acquisition Sub shall be converted into and become one validly issued, fully paid and nonassessable share of common stock, par value $.01 per share, of the Surviving Corporation.
Appears in 4 contracts
Samples: Merger Agreement (JLM Industries Inc), Merger Agreement (Bway Corp), Merger Agreement (Great American Financial Resources Inc)
Conversion of the Capital Stock of Acquisition Sub. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each issued and outstanding share of capital stock of Acquisition Sub shall be converted into and become one validly issued, fully paid and nonassessable (to the extent such concepts are applicable, and except, if applicable, as otherwise provided in Section 180.0622(2)(b) of the WBCL) share of common stock, par value $.01 per share, of the Surviving CorporationCorporation Common Stock.
Appears in 1 contract
Samples: Merger Agreement (Shopko Stores Inc)