Common use of Merger Subsidiary Stock Clause in Contracts

Merger Subsidiary Stock. At the Effective Time and without any action on the part of the Parties or the holders of any securities, each share of common stock of Merger Subsidiary issued and outstanding immediately prior to the Effective Time of the Merger shall be converted into one share of the common stock of the Surviving Corporation, and each certificate evidencing ownership of shares of Merger Subsidiary common stock shall from and after the Effective Time of the Merger evidence ownership of the same number of shares of common stock of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lanxide Corp), Agreement and Plan of Merger (Commodore Environmental Services Inc /De/)

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Merger Subsidiary Stock. At the Effective Time and without any action on the part of the Parties or the holders of any securities, each Each share of common stock of Merger Subsidiary issued and outstanding immediately prior to at the Effective Time shall by virtue of the Merger shall be converted changed into one share of the common stock of the Surviving Corporation, and each certificate evidencing ownership of shares of Merger Subsidiary common stock shall from and after the Effective Time of the Merger evidence ownership of the same number of shares of common stock Common Stock of the Surviving Corporation.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Pioneer Standard Electronics Inc)

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Merger Subsidiary Stock. At the Effective Time and without any action on the part Time, by virtue of the Parties or the holders of any securitiesBerkshire Merger, each share of the common stock of Merger Subsidiary issued and Sub A outstanding immediately prior to the Effective Time of the Merger shall be converted into and shall become one share of common stock of the surviving corporation of the Berkshire Merger. At the Effective Time, by virtue of the General Merger, each share of the common stock of the Surviving Corporation, and each certificate evidencing ownership of shares of Merger Subsidiary common stock shall from and after Sub B outstanding immediately prior to the Effective Time of the Merger evidence ownership of the same number of shares shall be converted into and shall become one share of common stock of the Surviving Corporationsurviving corporation of the General Merger.

Appears in 1 contract

Samples: Agreement and Plan of Mergers (General Re Corp)

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