Common use of Issuance of Shares of the Surviving Corporation Clause in Contracts

Issuance of Shares of the Surviving Corporation. At the Effective Time, in consideration of the issuance by Nortel Networks of Nortel Networks Common Shares to the holders of Company Common Stock in accordance with Section 3.01(b), the Surviving Corporation shall issue to Nortel Networks a number of shares of newly issued, fully-paid and non-assessable common stock, $0.001 par value, of the Surviving Corporation, which number shall be equal to the number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Nortel Networks Corp), Agreement and Plan of Merger (Alteon Websystems Inc)

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Issuance of Shares of the Surviving Corporation. At the Effective Time, in consideration of the issuance by Nortel Networks of Nortel Networks Common Shares to the holders of Company Common Stock in accordance with Section 3.01(b), the Surviving Corporation shall issue to Nortel Networks a number of shares of newly issued, fully-paid and non-assessable common stock, $0.001 par value, of the Surviving Corporation, which number shall be equal to the number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time.,

Appears in 1 contract

Samples: Agreement and Plan of Merger (Clarify Inc)

Issuance of Shares of the Surviving Corporation. At the Effective Time, in consideration of the issuance by Nortel Networks of Nortel Networks Common Shares to the holders of Company Common Stock in accordance with Section 3.01(b), the Surviving Corporation shall issue to Nortel Networks a number of shares of newly issued, fully-paid and non-assessable common stock, $0.001 0.01 par value, of the Surviving Corporation, which number shall be equal to the number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Periphonics Corp)

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Issuance of Shares of the Surviving Corporation. At the Effective Time, in consideration of the issuance by Nortel Networks of Nortel Networks Common Shares Stock to the holders of Company Bay Common Stock in accordance with Section 3.01(b), the Surviving Corporation shall issue to Nortel Networks a number of shares of newly issued, fully-paid and non-assessable common stock, $0.001 0.01 par value, of the Surviving Corporation, which number shall be equal to the number of shares of Company Bay Common Stock outstanding as of immediately prior to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bay Networks Inc)

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