Common use of Merger Consideration; Conversion of Shares of Company Common Stock Clause in Contracts

Merger Consideration; Conversion of Shares of Company Common Stock. At the Effective Time, by virtue of the Merger and without any action on the part of the Parties or any holder of any capital stock of the Company, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time other than Excluded Shares (such shares of Company Common Stock, the “Eligible Shares”) shall be converted into the right to receive cash in the amount of $16.00 per share, subject to any required withholding of Taxes (the “Merger Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Majesco)

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Merger Consideration; Conversion of Shares of Company Common Stock. At the Effective Time, by virtue of the Merger and without any action on the part of the Parties or any holder of any capital stock of the Company, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time other than Excluded Shares (such shares of Company Common Stock, the “Eligible Shares”) shall be converted into the right to receive cash in the amount of $16.00 23.04 per share, subject to any required withholding of Taxes share (the “Merger Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Verifone Systems, Inc.)

Merger Consideration; Conversion of Shares of Company Common Stock. At the Effective Time, by virtue as a result of the Merger and without any action on the part of the Parties or any holder of any capital stock of the Company, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time other than Excluded Shares (such shares of Company Common Stock, the “Eligible Shares”) shall automatically be converted into into, and become exchangeable for, 0.984 (the right to receive cash in the amount “Exchange Ratio”) of $16.00 per sharea validly issued, subject to any required withholding fully paid and non-assessable share of Taxes Parent Common Stock (the “Merger Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Spectra Energy Corp.)

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Merger Consideration; Conversion of Shares of Company Common Stock. At the Effective Time, by virtue of the Merger and without any action on the part of the Parties or any holder of any capital stock of the Company, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time other than Excluded Shares (such shares of Company Common Stock, the “Eligible Shares”) shall be converted into the right to receive cash in the amount of $16.00 13.10 per share, subject to any required withholding of Taxes (the “Merger Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Majesco)

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