Common use of Directors of the Surviving Entity Clause in Contracts

Directors of the Surviving Entity. The managers of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Entity immediately following the Effective Time, each to serve until such time as his or her resignation or removal or such time as his or her successor shall be duly elected and qualified, in each case in accordance with the charter and bylaws of the Surviving Entity, as amended in accordance with Section 2.4.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Industrial Property Trust Inc.), Agreement and Plan of Merger (Prologis, L.P.)

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Directors of the Surviving Entity. The managers individuals who are the directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Entity immediately following as of the Effective Time, each to serve until such time as his their respective successors are duly elected or her appointed and qualified or their earlier death, resignation or removal or such time as his or her successor shall be duly elected and qualified, in each case in accordance with the charter and bylaws Amended Operating Agreement of the Surviving Entity, as amended in accordance with Section 2.4.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Atlas Resources Public #18-2008 Program), Agreement and Plan of Merger (Atlas Energy Resources, LLC)

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