Manner of Conversion of Shares. Upon and by virtue of the Merger becoming effective at the Effective Time,
Manner of Conversion of Shares a. The manner and basis of converting the shares of AU 'N AG (Utah) into shares of AU 'N AG (Delaware) are as follows: at the effective time of the merger, each share of common stock of AU 'N AG (Utah) shall thereupon be converted into one share of AU 'N AG (Delaware). Each holder of outstanding common stock of AU 'N AG (Utah) upon surrender to AU 'N AG (Delaware) of one or more certificates for such shares for cancellation shall be entitled to receive one or more certificates for the number of shares of common stock of AU 'N AG (Delaware) of one or more certificates for such shares for cancellation shall be entitled to receive one or more certificates for the number of shares of common stock of AU 'N AG (Delaware) represented by the certificates of AU 'N AG (Utah) so surrendered for cancellation by such holder. Until so surrendered, each such certificate representing outstanding shares of common stock of AU 'N AG (Utah) shall represent the ownership of a like number of shares of AU 'N AG (Delaware) for all corporate and legal purposes.
Manner of Conversion of Shares. (a) Subject to the terms and conditions of this Agreement, at the Effective Time, each share of TFC Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) shares held as treasury stock of TFC and (ii) shares held directly or indirectly by ONB, except shares held in a fiduciary capacity or in satisfaction of a debt previously contracted, if any) shall become and be converted into the right to receive in accordance with this Article:
Manner of Conversion of Shares. 1. The manner and basis of converting the shares of Silver Beaver (ID) into shares of Silver Beaver (NV) are as follows: at the effective time of the merger, each share of common stock of Silver Beaver (ID) shall thereupon be converted into one share of Silver Beaver (NV). Each holder of outstanding common stock of Silver Beaver (ID) upon surrender to Silver Beaver (NV) of one or more certificates for such shares for cancellation shall be entitled to receive one or more certificates for the number of shares of common stock of Silver Beaver (NV) represented by the certificates of Silver Beaver (ID) so surrendered for cancellation by such holder. Until so surrendered, each such certificate representing outstanding shares of common stock of Silver Beaver (ID) shall represent the ownership of a like number of shares of Silver Beaver (NV) for all corporate and legal purposes.
Manner of Conversion of Shares. 3.1 Boo Koo Florida Common Stock. Upon the Effective Date of the Merger, each share of Boo Koo Florida Common Stock (excluding shares held by shareholders who perfect their dissenters' rights of appraisal as provided in Section 3.2 of this Agreement) that is issued and outstanding immediately prior thereto shall, by virtue of the Merger and without any action by the Constituent Corporations, the holder of such shares or any other person, be converted into the right to receive one fully paid and nonassessable share of Boo Koo Delaware Common Stock (the "Merger Consideration"). As of the Effective Date of the Merger, all shares of Boo Koo Florida Common Stock shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist and each certificate that previously represented such shares of Boo Koo Florida Common Stock shall thereafter represent the Merger Consideration for all such shares.
Manner of Conversion of Shares. The manner of conversion of securities is set forth in Exhibit A, so after the merger/exchange the shareholders on the date of the merger of Mint shall own 80% of KIT Farms Inc. There is no other cash or property, in whole or part, that is part of this transaction. The surviving shareholders of KIT shall receive shares in TNTC on a one for one basis for all validly issued and outstanding shares held in KIT at the time of the merger.
Manner of Conversion of Shares. The manner and basis of converting the shares of IntraTel into shares of Intelicom shall be as follows:
Manner of Conversion of Shares. 1. The manner and basis of converting the shares of P.C. Development (WY) into shares of P.C. Development (NV) are as follows: at the effective time of the merger, each share of common stock of P.C. Development (WY) shall thereupon be converted into one share of P.C. Development (NV). Each holder of outstanding common stock of P.C. Development (WY) upon surrender to P.C. Development (NV) of one or more certificates for such shares for cancellation shall be entitled to receive one or more certificates for the number of shares of common stock of P.C. Development (NV) represented by the certificates of P.C. Development (WY) so surrendered for cancellation by such holder. Until so surrendered, each such certificate representing outstanding shares of common stock of P.C. Development (WY) shall represent the ownership of a like number of shares of P.C. Development (NV) for all corporate and legal purposes,
Manner of Conversion of Shares. Upon and by virtue of the Merger becoming effective at the Effective Time, each share of common stock of KFI issued and outstanding immediately prior to the Effective Time shall become and be converted into the right to receive [•] shares of common stock of ONB, without par value, as adjusted pursuant to the Merger Agreement by virtue of the Merger, without any action on the part of the holder thereof (except for dissenting shares and for shares as provided in Section 3.5 below) (“Merger Consideration”).
Manner of Conversion of Shares. 1. The manner and basis of converting the shares of Mid-Way (FL) into shares of Mid-Way (NV) are as follows: at the effective time of the merger, each share of common stock of Mid-Way (FL) shall thereupon be converted into one share of Mid-Way (NV). Each holder of outstanding common stock of Mid-Way (FL) upon surrender to Mid-Way (NV) of one or more certificates for such shares for cancellation shall be entitled to receive one or more certificates for the number of shares of common stock of Mid-Way (NV) represented by the certificates of Mid-Way (FL) so surrendered for cancellation by such holder. Until so surrendered, each such certificate representing outstanding shares of common stock of Mid-Way (FL) shall represent the ownership of a like number of shares of Mid-Way (NV) for all corporate and legal purposes.
