Common use of Effectiveness of the Merger Clause in Contracts

Effectiveness of the Merger. 2.1 The parties to this Agreement agree that, on the terms and subject to the conditions of this Agreement and the Agreement and Plan of Merger and in accordance with the Companies Act, at the Effective Time, the Company shall be merged with and into Merger Sub with Merger Sub surviving such Merger and continuing as the surviving Bermuda exempted company and the Company shall cease to exist and shall be struck off the Register of Companies in Bermuda.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Endurance Specialty Holdings LTD), Agreement and Plan of Merger (Montpelier Re Holdings LTD)

AutoNDA by SimpleDocs

Effectiveness of the Merger. 2.1 (1) The parties to this Agreement agree that, on the terms and subject to the conditions of this Agreement and the Agreement and Plan of Merger and in accordance with the Companies Act, at the Effective Time, the Company Merger Sub shall be merged merge with and into Merger Sub with Merger Sub surviving such Merger the Company pursuant to the Companies Act and continuing the Company shall survive as the surviving a Bermuda exempted company and the Company Merger Sub shall cease to exist and shall be struck off the Register of Companies in Bermuda.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Markel Corp), Agreement and Plan of Merger (ALTERRA CAPITAL HOLDINGS LTD)

Effectiveness of the Merger. 2.1 The parties to this Agreement agree that, on the terms and subject to the conditions of this Agreement and the Agreement and Plan of Merger and in accordance with Merger, pursuant to Section 104H of the Companies Act, at the Effective Time, the Company Merger Sub shall be merged with and into Merger Sub the Company with Merger Sub the Company surviving such Merger merger and continuing as the surviving Bermuda exempted company and the Company Merger Sub shall cease to exist and shall be struck off the Register register of Companies companies in Bermuda.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xl Group LTD)

Effectiveness of the Merger. 2.1 The parties to this Agreement agree that, on the terms and subject to the conditions of this Agreement and the Agreement and Plan of Merger and in accordance with the Companies Act, at the Final Effective Time, the Intermediate Company shall be merged with and into Merger Sub with shall merge pursuant to the Companies Act and Merger Sub surviving such Merger and continuing shall survive as the surviving a Bermuda exempted company and the Intermediate Company shall cease to exist and shall be struck off the Register of Companies in Bermuda.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Flagstone Reinsurance Holdings, S.A.)

AutoNDA by SimpleDocs

Effectiveness of the Merger. 2.1 The parties to this Agreement agree that, on the terms and subject to the conditions of this Agreement and the Agreement and Plan of Merger and in accordance with the Companies Act, at the Effective Time, the Company Merger Sub shall be merged with and into Merger Sub the Company with Merger Sub the Company surviving such Merger and continuing as the surviving Bermuda exempted company and the Company Merger Sub shall cease to exist and shall be struck off the Register of Companies in Bermuda.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Endurance Specialty Holdings LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!