Effect of the Merger on Securities of SPAC and Merger Sub. Upon the terms and subject to the conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any further action on the part of the Parties or any other Person, the following shall occur:
Effect of the Merger on Securities of SPAC and Merger Sub. At the Merger Effective Time, by virtue of the Merger and without any further action on the part of the Parties or any SPAC Shareholder: