Common use of Manner of Exchange Clause in Contracts

Manner of Exchange. On the Effective Date, the M3 Stockholders shall surrender their stock certificates representing all of the issued and outstanding shares of the M3 Common Stock to the Subsidiary in exchange for certificates representing the shares of the EGPI Common Stock to which they are entitled. In exchange, the Subsidiary shall receive all of the issued and outstanding shares of the M3 Common Stock held by the M3 Stockholders. Following the receipt of the shares of the M3 Common Stock by the Subsidiary, the shares of the M3 Common Stock shall be cancelled. The one share of the Subsidiary Common Stock shall remain issued and outstanding.

Appears in 4 contracts

Samples: Merger Agreement (Egpi Firecreek, Inc.), Merger Agreement (Redquartz Atlanta LLC), Merger Agreement (Strategic Partners Consulting LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!