Effect on Interests Sample Clauses

Effect on Interests. (a) At the Effective Time, each unit of limited liability company interest of Merger Sub issued and outstanding immediately prior to the Effective Time shall by virtue of the Merger and without any action on the part of the holder thereof be converted into and thereafter evidence one (1) validly issued, fully paid and nonassessable unit of limited liability company interest of the Surviving Entity (collectively, “Surviving Entity Interests”). (b) At the Effective Time, the KRATON Interests issued and outstanding immediately prior to the Effective Time shall by virtue of the Merger and without any action on the part of the holder thereof be converted into and thereafter evidence the right to receive the Merger Consideration as set forth in Section 2.3. Each KRATON Interest issued and outstanding immediately prior to the Effective Time, when converted in accordance with this Section 2.2(b), shall no longer be outstanding and shall automatically be canceled and shall cease to exist. (c) At the Effective Time, each holder of KRATON Interests shall cease to have any rights with respect to the KRATON Interests, except the right to receive cash payable in accordance with Section 2.3. Payment of the Merger Consideration pursuant to Section 2.3 shall be deemed to have been paid in full satisfaction of all rights pertaining to the KRATON Interests converted in the Merger in accordance with Section 2.2(b).

Effect on Interests. At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any Units, the equity interests in Purchaser or the general partner interest in the Partnership:

Effect on Interests. 2.1 All of the capital stock of the Corporation issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into all of the limited liability company interests of the Surviving LLC. 2.2 Each limited liability company interest in the LLC outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and no consideration shall be issued in respect thereof. 2.3 Pursuant to Sections 18-301(b)(3) and 18-101(7) of the DLLCA and simultaneous with the Effective Time, notwithstanding any provision of the limited liability company agreement of the LLC, as in effect immediately prior to the Effective Time, the sole stockholder of the Corporation immediately prior to the Effective Time (such stockholder being CDRSVM Holding, Inc., a Delaware corporation) shall, automatically and without any further action of any person or entity being required, be admitted to the Surviving LLC as the sole member of the Surviving LLC, own all of the limited liability company interests in the Surviving LLC and shall be bound by the terms of the Surviving LLC Agreement (as defined herein), and the Surviving LLC shall continue without dissolution.

Effect on Interests. At the Effective Time, by virtue of the Merger and without any further action all of the membership interests of ACH LLC issued and outstanding immediately prior to the Effective Time shall be deemed cancelled and each issued and outstanding share of capital stock of ACH Inc. shall remain outstanding following the Effective Time.

Effect on Interests