Effect of Share Exchange. At the Effective Date, the Share Exchange shall have the effect as provided in Section 13.1-721 of the Virginia Stock Corporation Act.
Effect of Share Exchange. From and after the Effective Time, Kodiak shall possess all the rights, privileges, powers and franchises and be subject to all of the restrictions, disabilities and duties of Sportsprize, all as provided under Nevada and other applicable law.
Effect of Share Exchange. At the Effective Time and as a result of the exchange of Bank Common Stock for Holding Company Common Stock set forth in Section 2.1(a), all of the outstanding shares of Bank Common Stock shall be owned by Holding Company and such ownership shall be evidenced by a stock certificate issued by the Bank to Holding Company.
Effect of Share Exchange. All shares of CRTZ Stock for which shares of common stock of ITI are exchanged shall be deemed to have been issued in full satisfaction of all rights pertaining to the exchanged shares of common stock of ITI.
Effect of Share Exchange. Upon consummation of the Share Exchange as of the Effective Time, all of the issued and outstanding shares of FTC shall be owned by BancPlus, but the separate corporate existence of FTC shall not cease until after the completion of the Corporate Merger, which is more fully described below. Until completion of the Corporate Merger, all of the assets and property of every kind and character, real, personal and mixed, tangible and intangible, choses in action, rights, and credits owned by FTC, or which would inure to it, shall remain owned by FTC, even though FTC at that time, and until the completion of the Corporate Merger, will be a wholly owned subsidiary of BancPlus.
Effect of Share Exchange. Upon the Effective Date, Mystic shall become a wholly owned subsidiary of the Qualcan.
Effect of Share Exchange. Upon the Effective Date, CRI shall become a wholly owned subsidiary of Earny.
Effect of Share Exchange. At Closing, all of the following shall occur:
(a) The Articles of Incorporation of INTERLOK and the Articles of Incorporation of BUTTE, as in effect on the Closing Date, shall continue in effect without change or amendment.
(b) The Bylaws of INTERLOK and the Bylaws of BUTTE, as in effect on the Closing Date, shall continue in effect without change or amendment.
(c) The current officers of Butte shall resign and the following individuals shall be appointed as officers Xxxxx X. XxXxxx, President; Xxxx X. Xxxxxxx, Vice President of Planning; Xxxxxx Xxxxxx, Chief Technology Officer; Xxxxxx Xxxxx, Vice President of Sales, Latin America; Xxx Xxxxxxxx, Vice President of Operations, and Xxx Xxxxxx, Vice President of Legal.. Xxxx Xxxxxxxx, Xxxxx Xxx Xxxxxxxx-Xxxxxxx and Xxxxx Xxxxx Xxxxxx shall resign as directors of the Company, with such resignations effective upon the Company’s compliance with the provisions of Section 14(f) and Rule 14f-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Upon compliance with the provisions of Section 14(f) and Rule 14f-1 of the Exchange Act, Xxxxx X. XxXxxx, Xxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx shall be appointed to, and shall comprise, our Board of Directors.
Effect of Share Exchange. (a) The Seller will continue to conduct its business as a wholly owned subsidiary of the Company.
(b) The Organizational Documents of the Seller in effect at the Effective Time shall continue as the Organizational Documents of the Seller.
(c) From and after the Effective Time, the directors and the executive officers of the Seller immediately prior to the Effective Time shall continue to serve as the directors and the executive officers of the Seller until their successors are duly appointed or elected.
Effect of Share Exchange. Upon consummation of the Share Exchange, the Shares will be exchanged as provided in this Agreement, and the Eligible Shareholders shall be entitled only to the Per Share Amount relating to their Shares or their rights under Sections 180.1301 to 180.1331 of the WBCL.
