Common use of Effects of Merger Clause in Contracts

Effects of Merger. At the Effective Time, the effect of the Merger shall be as provided in the applicable provisions of DGCL and TBCA. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time all the property, rights, privileges, powers and franchises of the Company and Purchaser shall vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and Purchaser shall become the debts, liabilities and duties of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Level 3 Communications Inc), Agreement and Plan of Merger (Software Spectrum Inc)

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Effects of Merger. At the Effective Time, the effect of the Merger shall be as provided in the applicable provisions of DGCL and TBCADGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time all the property, rights, privileges, powers and franchises of the Company DTN and Purchaser Merger Sub shall vest be vested in the Surviving Corporation, and all debts, liabilities and duties of the Company DTN and Purchaser Merger Sub shall become the debts, liabilities and duties of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Vs&a Communications Partners Iii Lp)

Effects of Merger. At the Effective Time, the effect of the Merger shall will be as provided in this Plan of Merger, the Certificate of Ownership and Merger, the Articles of Merger and the applicable provisions of the DGCL and the TBCA. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time all the propertyproperties, rights, privileges, privileges and powers of Parent and franchises of the Company and Purchaser shall Subsidiary will vest in the Surviving Corporationsurviving corporation, and all debts, liabilities and duties obligations of Parent and Subsidiary will become the liabilities and obligations of the Company and Purchaser shall become surviving corporation, all as specified in the debts, liabilities and duties of the Surviving CorporationPlan.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pillowtex Corp)

Effects of Merger. At the Effective Time, the effect of the Merger shall be as provided in this Agreement and the applicable provisions of DGCL and TBCAthe DGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time Time, except as otherwise provided herein, all of the property, rights, privileges, powers and franchises of the Company and Purchaser the Seller shall vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and Purchaser the Seller shall become the debts, liabilities and duties of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Midwest Banc Holdings Inc)

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Effects of Merger. At the Effective Time, the effect of the Merger shall be as provided in Sections 251, 252, 259, 260 and 261 of the applicable provisions of DGCL and TBCADGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time Time, all the property, rights, privileges, powers and franchises of the Company Union and Purchaser Centrue shall vest be vested in the Surviving Corporation, and all debts, liabilities and duties of the Company Union and Purchaser Centrue shall become the debts, liabilities and duties of the Surviving Corporation.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Effects of Merger. At the Effective Time, the effect of the Merger shall be as provided in the applicable provisions of DGCL and TBCADGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time Time, all the property, rights, privileges, powers and franchises of the Acquisition Company and Purchaser SBI shall vest be vested in the Surviving Corporation, and all debts, liabilities and duties of the Acquisition Company and Purchaser SBI shall become the debts, liabilities and duties of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Princeton National Bancorp Inc)

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