Common use of Effect on Securities of Merger Sub Clause in Contracts

Effect on Securities of Merger Sub. As of the Effective Time, each share of capital stock of the Merger Sub issued and outstanding immediately prior to the Effective Time shall, without any action on the part of Merger Sub, be converted on a one-for-one basis into shares of the corresponding class of capital stock of the Surviving Corporation.

Appears in 5 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Mimvi, Inc.), Agreement and Plan of Merger (DARA BioSciences, Inc.)

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