Common use of Effect of the Amalgamation Clause in Contracts

Effect of the Amalgamation. At the Effective Time, subject to the Act: a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; c) Amalco shall become capable immediately of exercising the functions of an incorporated company; d) the shareholders of Amalco have the powers and the liability provided in the Act; e) each shareholder of the Amalgamated Parties is bound this Agreement; f) Amalco will be a wholly-owned Subsidiary of DroneCorp; g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the ActBCBCA: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; (c) Amalco shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco have the powers and the liability provided in the ActBCBCA; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco will be a wholly-owned Subsidiary subsidiary of DroneCorpI3; (g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the Act: a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; b) all of the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; c) Amalco shall become capable immediately of exercising the functions of an incorporated company; d) the shareholders of Amalco have the powers and the liability provided in the Act; e) each shareholder of the Amalgamated Parties is bound by this Agreement; f) Amalco will be a wholly-owned Subsidiary subsidiary of DroneCorpCHCI; g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the ActBCBCA: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; (c) Amalco shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco have the powers and the liability provided in the ActBCBCA; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco will be a wholly-owned Subsidiary subsidiary of DroneCorpOrganic Flower; (g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the Act: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; (c) Amalco shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco have the powers and the liability provided in the Act; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco will be a wholly-owned Subsidiary subsidiary of DroneCorpJerico; (g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against AmalcoXxxxxx; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the Act: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, AmalcoAmalco 2, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of AmalcoAmalco 2; (c) Amalco 2 shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco 2 have the powers and the liability provided in the Act; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco 2 will be a wholly-owned Subsidiary subsidiary of DroneCorpParent; (g) Amalco 2 shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against AmalcoAmalco 2; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against AmalcoAmalco 2.

Effect of the Amalgamation. At the Effective Time, subject to the Act: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, AmalcoAmalco 1, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of AmalcoAmalco 1; (c) Amalco 1 shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco 1 have the powers and the liability provided in the Act; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco 1 will be a wholly-owned Subsidiary subsidiary of DroneCorpParent; (g) Amalco 1 shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against AmalcoAmalco 1; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against AmalcoAmalco 1.

Effect of the Amalgamation. At the Effective Time, subject to the Act: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; (c) Amalco shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco have the powers and the liability provided in the Act; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco will be a wholly-owned Subsidiary of DroneCorpNavasota; (g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against AmalcoXxxxxx; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the Act: a) the amalgamation of the Amalgamating Parties and their continuance as one company, Amalco, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of Amalco; c) Amalco shall become capable immediately of exercising the functions of an incorporated company; d) the shareholders of Amalco have the powers and the liability provided in the Act; e) each shareholder of the Amalgamated Parties is bound this Agreement; f) Amalco will be a wholly-owned Subsidiary of DroneCorpScythian; g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.

Effect of the Amalgamation. At the Effective Time, subject to the ActBCBCA: (a) the amalgamation of the Amalgamating Parties and their continuance as one company, AmalcoAmalco 2, under the terms and conditions prescribed in this Agreement shall be effective and irrevocable; (b) the property, rights and interests of each of the Amalgamating Parties shall continue to be the property, rights and interests of AmalcoAmalco 2; (c) Amalco 2 shall become capable immediately of exercising the functions of an incorporated company; (d) the shareholders of Amalco 2 have the powers and the liability provided in the ActBCBCA; (e) each shareholder of the Amalgamated Parties is bound by this Agreement; (f) Amalco will be a wholly-owned Subsidiary subsidiary of DroneCorpI3; (g) Amalco shall continue to be liable for the liabilities and obligations of each of the Amalgamating Parties; (h) any existing cause of action, claim or liability to prosecution with respect to either or both of the Amalgamating Parties shall be unaffected; (i) any legal proceeding being prosecuted or pending by or against any of the Amalgamating Parties may be continued to be prosecuted, or its prosecution may be continued, as the case may be, by or against Amalco; and (j) any conviction against, or ruling, order or judgment in favour of or against, any of the Amalgamating Parties may be enforced by or against Amalco.