Effect of the Mergers. At the Effective Time, the separate existence of each of the Merging Corporations shall cease in accordance with the provisions of the DGCL. From and after the Effective Time, except as may be limited by applicable law, the Surviving Corporation shall succeed to all of the leases, licenses, property, rights, privileges and powers of whatever nature and description and shall be subject to all of the debts, liabilities and obligations of each of the Merging Corporations without further action by any of the parties hereto, and will continue to be governed by the laws of the State of Delaware, including the DGCL.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/)
Effect of the Mergers. At the Effective Time, the separate existence of each of the Merging Corporations shall cease in accordance with the provisions of the DGCLDGCL and the TBCA. From and after the Effective Time, except as may be limited by applicable law, the Surviving Corporation shall succeed to all of the leases, licenses, property, rights, privileges and powers of whatever nature and description and shall be subject to all of the debts, liabilities and obligations of each of the Merging Corporations without further action by any of the parties hereto, and will continue to be governed by the laws of the State of Delaware, including the DGCL.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/)
Effect of the Mergers. At the Effective Time, the separate existence of each of the Merging Corporations shall cease in accordance with the provisions of the DGCLDGCL and the Nevada Act. From and after the Effective Time, except as may be limited by applicable law, the Surviving Corporation shall succeed to all of the leases, licenses, property, rights, privileges and powers of whatever nature and description and shall be subject to all of the debts, liabilities and obligations of each of the Merging Corporations without further action by any of the parties hereto, and will continue to be governed by the laws of the State of Delaware, including the DGCL.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/), Agreement and Plan of Merger (Security Capital Group Inc/)