Effect of Merger on Company Common Stock Sample Clauses

Effect of Merger on Company Common Stock. At the Effective Time, by virtue of the Merger and without any action on the part of any holder thereof:
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Effect of Merger on Company Common Stock. (a) At the Effective Time (subject to Section 2.7 below), all shares of common stock, $0.01 par value per share, of the Company (the “Company Common Stock”) issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger, automatically without any action on the part of the holder thereof be converted into the right to receive, upon surrender of the certificates representing each such share, if any, an allocable portion of the following (as set forth on Exhibit A attached hereto): (a) a cash payment of $1,000,000 (the “Merger Cash Consideration”), and (b); 571,428 shares of the common stock, $0.08 par value per share, of Parent (“Parent Common Stock”)(the “Merger Stock Consideration,” and together with the Merger Cash Consideration, the “Merger Consideration”).
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Effect of Merger on Company Common Stock. At the Effective Time, by virtue of the Mergers and without any action on the part of Parent, Merger Sub I, Merger Sub II, the Company or holders of any of the following Equity Interests:
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Effect of Merger on Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to exist and shall be canceled.
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Effect of Merger on Company Common Stock. On the terms and subject to the conditions set forth herein, at the Effective Time, by virtue of the Merger and without any further action on the part of any Party or any other Person, the following shall occur:
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Effect of Merger on Company Common Stock 
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Related to Effect of Merger on Company Common Stock

  • Effect of Merger on Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, the Company or the holders of any equity interests of the Company or Merger Sub, as applicable:

  • Effect of Merger, Consolidation, Etc At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i) be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III) or (ii) be treated pursuant to Section 1.6(b) hereof. “Person” shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.

  • Effect of Merger (a) At the effective time of the certificate of merger:

  • Capital Stock of Merger Sub At the Effective Time, each share of common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation. Each stock certificate of Merger Sub evidencing ownership of any such shares shall continue to evidence ownership of such shares of capital stock of the Surviving Corporation.

  • Effect of Common Stock Change Event (A) If there occurs:

  • Conversion of Merger Sub Capital Stock Each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly issued, fully paid and non-assessable share of common stock of the Surviving Corporation.

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