Common use of Merger; Surviving Corporation Clause in Contracts

Merger; Surviving Corporation. In accordance with the provisions of this Agreement and the Florida General Corporation Act of the State of Florida ("FGCA"), at the Effective Time (as such term is defined in Section 1.05 hereof), Company shall be merged with and into Sub (the "Merger"), and Sub shall be the surviving corporation in the Merger (hereinafter sometimes called the "Surviving Corporation") and shall continue its corporate existence under the laws of the State of Florida. At the Effective Time, the separate existence of the Company shall cease. All properties, franchises and rights belonging to the Company and Sub, by virtue of the Merger and without further act or deed, shall be deemed to be vested in the Surviving Corporation, which shall thenceforth be responsible for all the liabilities and obligations of each of Sub and the Company.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (U S Trucking Inc), Merger Agreement and Plan of Reorganization (U S Trucking Inc)

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Merger; Surviving Corporation. In accordance with and subject to the provisions of this Agreement and the Florida General Business Corporation Act of the State of Florida ("FGCAFBCA"), at the Effective Time (as such term is defined in Section 1.05 hereof)Time, Company the Merger Sub shall be merged with and into Sub the Company (the "Merger"), and Sub the Company shall be the surviving corporation in the Merger (hereinafter sometimes called the "Surviving Corporation") and shall continue its corporate existence under the laws of the State of Florida. At the Effective Time, the separate existence of the Company Merger Sub shall cease. All properties, franchises and rights belonging to the Company and Merger Sub, by virtue of the Merger and without further act or deed, shall be deemed to be vested in the Surviving Corporation, which shall thenceforth be responsible for all the liabilities and obligations of each of Merger Sub and the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Theglobe Com Inc)

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Merger; Surviving Corporation. In accordance with and subject to the provisions of this Agreement and the Florida General Business Corporation Act of (the State of Florida ("FGCAFBCA"), at the Effective Time (as such term is defined in Section 1.05 hereof)Time, the Company shall be merged with and into Merger Sub (the "Merger"), and . Merger Sub shall be the surviving corporation in the Merger (hereinafter sometimes called the "Surviving Corporation") and shall continue its corporate existence under the laws of the State of Florida. At the Effective Time, the separate existence of the Company shall cease. All properties, franchises and rights belonging to the Company and Merger Sub, by virtue of the Merger and without further act or deed, shall be deemed to be vested in the Surviving Corporation, which shall thenceforth be responsible for all the liabilities and obligations of each of Merger Sub and the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Theglobe Com Inc)

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