Effect of First Merger. At the First Merger Effective Time, by virtue of the First Merger and without any action on the part of Parent, Merger Sub 1, the Company or the holders of any of the following securities:
Effect of First Merger. Upon the terms and subject to the conditions set forth in this Agreement and in accordance with the NRS, at the First Merger Effective Time, Merger Sub 1 shall be merged with and into JR. Following the First Merger, the separate corporate existence of Merger Sub 1 shall cease, and JR shall continue as the First Surviving Corporation in the First Merger and a wholly-owned Subsidiary of New Holdco. From and after the First Merger Effective Time, all the property, rights, powers, privileges and franchises of JR and Merger Sub 1 shall be vested in the First Surviving Corporation and all of the debts, obligations, liabilities, restrictions and duties of JR and Merger Sub 1 shall become the debts, obligations, liabilities and duties of the First Surviving Corporation, all as provided under the NRS.
Effect of First Merger. At the Effective Time:
Effect of First Merger. At the First Effective Time, the First Merger shall have the effects set forth in this Agreement and the DGCL. Without limiting the generality of the foregoing and subject thereto, by virtue of the First Merger and without further act or deed, at the First Effective Time, all of the property, rights, privileges, powers and franchises of the Company and First Merger Sub shall vest in the Surviving Company and all of the debts, liabilities and duties of the Company and First Merger Sub shall become the debts, liabilities and duties of the Surviving Company.
Effect of First Merger. On the terms and subject to the conditions set forth herein, at the First Effective Time, by virtue of the First Merger and without any further action on the part of any Party or the holders of any securities of Buyer, the following shall occur:
Effect of First Merger
