Merger Sub Membership Interest. At the Effective Time, the Merger Sub Membership Interest shall, by virtue of the Merger and without any action on the part of the parties hereto or the holder thereof, automatically be converted into one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation.
Appears in 2 contracts
Samples: Merger Agreement (Federal-Mogul Holdings Corp), Merger Agreement (Icahn Enterprises L.P.)
Merger Sub Membership Interest. At the Effective Time, the Merger Sub Membership Interest shall, by virtue of the Merger and without any action on the part of the parties hereto or the holder thereof, automatically be converted into one validly issued, fully paid and nonassessable non-assessable share of common stock of the Surviving Corporation.
Appears in 2 contracts
Samples: Merger Agreement (Voltari Corp), Merger Agreement (Cadus Corp)
