Common use of Effect of the Mergers Clause in Contracts

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, the ULLCA, the DLLCA and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Merger Sub and Company Merger Sub shall vest in SPAC Surviving Subsidiary and Surviving Company, respectively, and (b) all debts, liabilities and duties of SPAC Merger Sub and Company Merger Sub shall become the debt, liabilities and duties of SPAC Surviving Subsidiary and Surviving Company, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, DGCL and the ULLCA, the DLLCA WA LLC Act and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Purchaser Merger Sub and Company Merger Sub shall vest in SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Purchaser Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements Documents from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, the ULLCA, the DLLCA DLLC Act and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Acquiror Merger Sub and Company Merger Sub shall vest in SPAC Acquiror Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Acquiror Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Acquiror Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements ancillary documents from and after the Effective Time. SPAC Acquiror Surviving Subsidiary and Company Surviving Subsidiary shall become a wholly wholly-owned subsidiary subsidiaries of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, DLLCA and the ULLCA, the DLLCA Cayman Companies Act and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Purchaser Merger Sub and Company Merger Sub shall vest in SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Purchaser Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements Documents from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, the ULLCA, the DLLCA DGCL and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Purchaser Merger Sub and Company Merger Sub shall vest in SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Purchaser Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements Documents from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, the ULLCA, the DLLCA Colorado Act and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) all the property, rights, agreements, privileges, powers and franchises of SPAC Purchaser Merger Sub and Company Merger Sub shall vest in SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Purchaser Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements Documents from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.

Effect of the Mergers. At the Effective Time, the effect of the Mergers shall be as provided in this Agreement and the applicable provisions of the DGCL, the ULLCA, the DLLCA and other applicable Law. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time (a) Time, all the property, rights, agreements, privileges, powers and franchises of SPAC Purchaser Merger Sub and Company Merger Sub shall vest in SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, and (b) all debts, liabilities liabilities, obligations and duties of SPAC Purchaser Merger Sub and Company Merger Sub shall become the debtdebts, liabilities liabilities, obligations and duties of SPAC Purchaser Surviving Subsidiary and Company Surviving CompanySubsidiary, respectively, including in each case the rights and obligations of each such Party under this Agreement and the related Ancillary Agreements Documents from and after the Effective Time. SPAC Surviving Subsidiary shall become a wholly owned subsidiary of Holdings.