Common use of Merger Sub Shares Clause in Contracts

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving Company.

Merger Sub Shares. At the Merger Effective Time, by virtue each share of the Merger and without any action on the part common stock of any Party, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable nonassessable share of common stock of the Surviving CompanyCorporation.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdingsholder thereof, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid an issued and non-assessable outstanding share of common stock of the Surviving Companysurviving corporation in the Merger.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Purchaser Shareholders or Holdingsthe Holdings Nominee, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into continue existing and become one validly issued, fully paid held by Holdings and non-assessable share of common stock constitute the only issued and outstanding shares in the capital of the Surviving Company.

Merger Sub Shares. At As of the Merger Effective Time, by virtue each share of capital stock of Merger Sub issued and outstanding immediately prior to the Merger and Effective Time shall, without any action on the part of any PartyMerger Sub, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common the corresponding class of capital stock of the Surviving CompanyCorporation.

Merger Sub Shares. At Each share of common stock of the Merger Sub issued and outstanding immediately prior to the Effective TimeTime shall, by virtue of the Merger and without any action on the part of any Partythe holder thereof, be converted at the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable nonassessable share of common stock of the Surviving CompanyCorporation.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdingsholder thereof, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid an issued and non-assessable outstanding share of common stock of the Surviving Companysurviving corporation in the Merger so that the Company will be the sole shareholder of Gardedam.

Merger Sub Shares. At Each issued and outstanding share of stock of Merger Sub shall automatically, at the Merger Effective Time, by virtue of the Merger and without any action on the part of any PartyPerson, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving CompanyCorporation.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, Party or the SPAC Shareholders or HoldingsShareholders, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving Company.