Common use of Effect on Company Capital Stock Clause in Contracts

Effect on Company Capital Stock. All shares of Company Capital Stock converted pursuant to Section 3.2(b) shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Company Capital Stock shall thereafter cease to have any rights with respect to such securities, except the right to receive a portion of the Closing Merger Consideration and, if applicable, the Incentive Merger Consideration subject to the contingencies of Section 3.7.

Appears in 2 contracts

Samples: Merger Agreement (IX Acquisition Corp.), Merger Agreement (Aerkomm Inc.)

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Effect on Company Capital Stock. All shares of Company Capital Stock converted pursuant to Section 3.2(b3.1(b) or Section 3.1(c) shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Company Capital Stock shall thereafter cease to have any rights with respect to such securities, except the right to receive a portion of the Closing Aggregate Merger Consideration and, if applicable, the Incentive Merger Consideration subject to the contingencies of Section 3.7Consideration.

Appears in 1 contract

Samples: Registration Rights Agreement (CSLM Acquisition Corp.)

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Effect on Company Capital Stock. All shares of Company Capital Stock converted pursuant to Section 3.2(b3.1(b), Section 3.1(c) or Section 3.1(d) shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Company Capital Stock shall thereafter cease to have any rights with respect to such securities, except the right to receive a portion of the Closing Aggregate Merger Consideration andplus, if applicablein the cases of Section 3.1(c) and Section 3.1(d), the Incentive Merger Consideration subject contingent right to receive a number of Earnout Shares into which such shares of Company Capital Stock shall have been converted in the Merger, in each case, in accordance with and to the contingencies of Section 3.7extent provided herein.

Appears in 1 contract

Samples: Merger Agreement (Swiftmerge Acquisition Corp.)

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