Common use of Effects of the Merger; Subsequent Actions Clause in Contracts

Effects of the Merger; Subsequent Actions. (a) The Merger shall have the effects set forth in this Agreement, the Certificate of Merger and the applicable provisions of the DGCL. To the extent provided by the DGCL, all the properties, rights, privileges, powers and franchises of the Company and Merger Sub shall vest in the Surviving Corporation, and all debts, Liabilities and duties of the Company and Merger Sub shall become the debts, Liabilities and duties of the Surviving Corporation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Majesco), Agreement and Plan of Merger (Majesco), Agreement and Plan of Merger (InsPro Technologies Corp)

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Effects of the Merger; Subsequent Actions. (a) The Merger shall have the effects set forth in this Agreement, the Certificate of Merger and the applicable provisions of the DGCLDLLCA. To the extent provided by the DGCL, all All the properties, rights, privileges, powers and franchises of the Company and Merger Sub shall vest in the Surviving CorporationCompany, and all debts, Liabilities liabilities and duties of the Company and Merger Sub shall become the debts, Liabilities liabilities and duties of the Surviving CorporationCompany.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Paycom Software, Inc.), Agreement and Plan of Merger (Paycom Software, Inc.)

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