Common use of Merger Sub I Capital Stock Clause in Contracts

Merger Sub I Capital Stock. At the First Merger Effective Time, by virtue of the First Merger and without any action on the part of Parent, the Merger Subs, the Company or the respective stockholders or members thereof, each share of capital stock of Merger Sub I that is issued and outstanding immediately prior to the First Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of Company Common Stock (and the shares of the Company into which the shares of Merger Sub I capital stock are so converted shall be the only shares of the Company’s capital stock that are issued and outstanding immediately after the First Merger Effective Time). Each certificate evidencing ownership of shares of Merger Sub I capital stock will evidence ownership of such shares of Company Common Stock.

Appears in 4 contracts

Samples: Merger Agreement (KnowBe4, Inc.), Merger Agreement (FireEye, Inc.), Merger Agreement (FireEye, Inc.)

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Merger Sub I Capital Stock. At the First Merger Effective Time, by virtue of the First Merger and without any further action on the part of Parent, the Merger Subs, the Company or the respective stockholders or members members, as applicable, thereof, each share of capital stock of Merger Sub I that is issued and outstanding immediately prior to the First Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of Company Common Stock (and the shares of the Company into which the shares of Merger Sub I capital stock are so converted shall be the only shares of the Company’s capital stock that are issued and outstanding immediately after the First Merger Effective Time). Each certificate evidencing ownership of shares of Merger Sub I capital stock will evidence ownership of such shares of Company Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Zovio Inc)

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Merger Sub I Capital Stock. At the First Merger Effective Time, by virtue of the First Merger and without any further action on the part of Parent, the Merger Subs, the Company or the respective stockholders stockholders, shareholders or members members, as applicable, thereof, each share of capital stock of Merger Sub I that is issued and outstanding immediately prior to the First Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of Company Common Stock (and the shares of the Company into which the shares of Merger Sub I capital stock are so converted shall be the only shares of the Company’s capital stock that are issued and outstanding immediately after the First Merger Effective Time). Each certificate evidencing ownership of shares of Merger Sub I capital stock will evidence ownership of such shares of Company Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Zovio Inc)

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