Common use of Effect on Capital Stock of MergerCo Clause in Contracts

Effect on Capital Stock of MergerCo. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each share of MergerCo Common Stock issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become one validly issued, fully paid and non-assessable share of Common Stock of the Surviving Corporation.

Appears in 4 contracts

Samples: Merger Agreement (Gold Hill Resources, Inc.), Merger Agreement (Fluoropharma Medical, Inc.), Merger Agreement (Fluoropharma Medical, Inc.)

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Effect on Capital Stock of MergerCo. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each share of MergerCo Common Stock issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become one validly issued, fully paid and non-assessable nonassessable share of Common Stock of the Surviving Corporation.

Appears in 4 contracts

Samples: Merger Agreement (Trist Holdings, Inc.), Merger Agreement (Strativation, Inc.), Merger Agreement (Ironclad Performance Wear Corp)

Effect on Capital Stock of MergerCo. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each share of MergerCo Common Stock issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become one validly issued, fully paid and non-assessable share of Common Stock common stock of the Surviving Corporation.

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (Phototron Holdings, Inc.)

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Effect on Capital Stock of MergerCo. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each share of MergerCo Common Stock issued and outstanding immediately prior to the Effective Time shall automatically be converted into and become one validly issued, fully paid and non-assessable share of Common Stock common stock of the Surviving Corporation. As a result, The Surviving Corporation (Travel Center Partners) shall become a wholly-owned subsidiary of Sharewell.

Appears in 2 contracts

Samples: Merger Agreement (Artemis Acquisition Corp.), Merger Agreement (Artemis Acquisition Corp.)

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