Common use of Effect of the Merger on Merger Sub Stock Clause in Contracts

Effect of the Merger on Merger Sub Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Acquiror, Merger Sub or the Company, each share of capital stock of Merger Sub that is issued and outstanding immediately prior to the Effective Time shall automatically be converted into an equal number of shares of common stock of the Surviving Corporation, which shares shall constitute the only outstanding shares of capital stock of the Surviving Corporation.

Effect of the Merger on Merger Sub Stock. At As of the Effective Time, by virtue of the Merger and without any action on the part of Acquiror, any holder of common stock of Merger Sub or the CompanySub, each share of capital stock common stock, par value $0.01 per share, of Merger Sub that is issued and outstanding immediately prior to the Effective Time shall automatically be converted into an equal number of shares and exchanged for one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporationstock, which shares shall constitute the only outstanding shares of capital stock par value $0.01 per share, of the Surviving Corporation.

Effect of the Merger on Merger Sub Stock. At As of the Effective Time, by virtue of the Merger and without any action on the part of Acquiror, any holder of common stock of Merger Sub or the CompanySub, each share of capital stock common stock, par value $0.01 per share, of Merger Sub that is issued and outstanding immediately prior to the Effective Time automatically shall automatically be converted into an equal number of shares and shall become one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporationstock, which shares shall constitute the only outstanding shares of capital stock par value $0.01 per share, of the Surviving Corporation.