Effects of the AMCAS Merger and the LLC Merger Clause Samples

Effects of the AMCAS Merger and the LLC Merger. (a) Subject to the other provisions of this Article I and Article II, at the effective time of the AMCAS Merger, by virtue of the AMCAS Merger and without any action on the part of the Company or AMCAS or the holder of any of their respective Securities, each outstanding share of AMCAS common stock par value $.01 per share shall be cancelled and retired without payment of any consideration therefor and shall cease to exist or be outstanding. (b) Subject to the other provisions of this Article I and Article II, at the effective time of the LLC Merger, by virtue of the LLC Merger and without any action on the part of the Company, AMEX, AMEX Merger Sub or the holder of any of their respective Securities, each outstanding Class A Interest (as such term is defined in the recitals of the AMEX LLC Agreement) and each outstanding Class B Interest (as such term is defined in the recitals of the AMEX LLC Agreement) of AMEX shall be cancelled and retired without payment of any consideration therefor and shall cease to exist or be outstanding.