Common use of Managers and Officers Clause in Contracts

Managers and Officers. (a) The managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be the managers of the Surviving Company until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of formation and the limited liability company agreement of the Surviving Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PHC Inc /Ma/)

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Managers and Officers. (ai) The managers manager of Merger Sub at the Effective Time shall, from and after the Effective Time, be the managers manager of the Surviving Company Entity, until their successors shall have such manager’s successor has been duly elected or appointed and qualified or until their such manager’s earlier death, resignation or removal removal. Subsequent elections of the manager by the Surviving Entity shall be conducted in accordance with the certificate of formation and the limited liability company agreement provisions of the Surviving CompanyEntity’s operating agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cingulate Inc.)

Managers and Officers. (a) The managers directors and officers of Merger Sub at the Effective Time shall, from and after the Effective Time, shall be the managers and officers, respectively, of the Surviving Company Entity following the Merger until the earlier of their death, resignation or removal or until their respective successors shall have been are duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of formation and the limited liability company agreement of the Surviving Companyqualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mothers Work Inc)

Managers and Officers. (a) The managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be become the managers of the Surviving Company Entity until their successors shall have been duly elected elected, appointed or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of formation and the limited liability company agreement of the Surviving CompanyEntity and applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allied Security Holdings LLC)

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Managers and Officers. (a) The managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be become the managers of the Surviving Company until their successors shall have been duly elected elected, appointed or appointed and qualified or until their earlier death, resignation or removal in accordance with the certificate of formation and the limited liability company agreement of the Surviving CompanyCompany and Applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (ZAIS Financial Corp.)

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