Net Effect. The net effect of the exchange of Cooperative Equity Interests for equal Equity Interests in MCP Colorado shall be that the holders of Cooperative Equity Interests standing on the books of the Cooperative immediately prior to the Effective Time shall hold and will have equal Equity Interests in MCP Colorado immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as determined necessary), loss allocation obligations and any other rights and preferences, and that the deferred patronage, unallocated reserves and other unallocated Equity Interests of the Cooperative, as standing on its books immediately prior to the Effective Time, shall be exchanged and credited for an equal Equity Interest in MCP Colorado immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis and other rights and preferences.
Net Effect. The net effect of the exchange of North Dakota Cooperative Equity Interests for equal Colorado Cooperative Equity Interests shall be that the holders of North Dakota Cooperative Equity Interests standing on the books of the North Dakota Cooperative immediately prior to the Effective Time shall hold and will have equal Colorado Cooperative Equity Interests immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as determined necessary), loss allocation obligations and any other rights and preferences, and that the deferred patronage, unallocated reserves and other unallocated North Dakota Cooperative Equity Interests, as standing on its books immediately prior to the Effective Time, shall be exchanged and credited for an equal Colorado Cooperative Equity Interest immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis and other rights and preferences.
Net Effect. The net effect of the continuation of Harvest States Equity Interests as equal Equity Interests in Cenex Harvest States Cooperatives shall be that the holders of Harvest States Equity Interests standing on the books of Harvest States immediately prior to the Effective Time shall hold and will continue to have the same and equal Equity Interests in Cenex Harvest States Cooperatives immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as determined necessary) and other rights and preferences, and that the patronage payable, capital reserve and other unallocated Equity Interests of Harvest States, standing on its books immediately prior to the Effective Time, shall continue to be the same identical and equal Equity Interest in Cenex Harvest States Cooperatives immediately following the Effective Time, in terms of the stated dollar amount on a dollar-for-dollar basis, and other rights and preferences; provided, however, that, notwithstanding the foregoing, the Equity Interests in Harvest States that are held by CENEX immediately prior to the Effective Time shall be treated in accordance with generally accepted accounting principles.
Net Effect. The net effect of the exchange of Colorado Corporation Equity Interests for equal North Dakota Corporation Equity Interests shall be that the holders of Colorado Corporation Equity Interests standing on the books of the Colorado Corporation immediately prior to the Effective Time shall hold and will have equal North Dakota Corporation Equity Interests immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis and any other rights and preferences.
Net Effect. The net effect of the exchange of North Dakota Cooperative Equity Interests for equal Colorado Cooperative Equity Interests shall be that the holders of North Dakota Cooperative Equity Interests standing on the books of the North Dakota Cooperative immediately prior to the effective time of the Dakota Merger shall hold and will have equal Colorado Cooperative Equity Interests immediately following the effective time of the Dakota Merger, in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as determined necessary), loss allocation obligations and any other rights and preferences, and that the deferred patronage, unallocated reserves and other unallocated North Dakota Cooperative Equity Interests, as standing on its books immediately prior to the effective time of the Dakota Merger, shall be exchanged and credited for an equal Colorado Cooperative Equity Interest immediately following the effective time of the Dakota Merger, in terms of stated dollar amount on a dollar-for-dollar basis and other rights and preferences.
Net Effect. The Office of Technology Transfer has negotiated and finalized the terms of a territory (China and Hongkong) exclusive license agreement for patents related to UM XXX File No. 5584 for all fields of use. Nanjing Novall Medical Co. Ltd will obtain use and commercialization rights to the above listed University technology.
Net Effect. The net effect of the conversion of CHSC Equity Interests for like and equal Equity Interests in UCB shall be that the holders of CHSC Equity Interests standing on the books of CHSC immediately prior to the Effective Time shall receive from UCB and will have like and equal Equity Interests in UCB immediately following the Effective Time in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as UCB deems necessary), and other rights and preferences, and that the patronage payable, capital reserve, and other allocated or unallocated Equity Interests of CHSC standing on its books immediately prior to the Effective Time shall be exchanged for the same identical and equal Equity Interest in UCB immediately following the Effective Time, in terms of the stated dollar amount on a dollar-for- dollar basis, year of issue (if applicable and as UCB deems necessary), and other rights and preferences. Notwithstanding the foregoing provisions, any CHSC Equity Interests that are held by Farmland shall be canceled and extinguished as of the Effective Time, without any further action by the Constituent Cooperatives or any of their respective members or equity holders.
Net Effect. The net effect of the conversion of Farmland Equity Interests for like and equal Equity Interests in UCB shall be that the holders of Farmland Equity Interests standing on the books of Farmland immediately prior to the Effective Time shall hold and will have equal Equity Interests in UCB immediately following the Effective Time, in terms of stated dollar amount on a dollar-for-dollar basis, year of issue (as determined necessary), and any other rights and preferences. Notwithstanding the foregoing provisions, any Farmland Equity Interests that are held by UCB Acquisition shall be canceled and extinguished as of the Effective Time, without any further action by the Constituent Cooperatives or any of their respective members or equity holders.
Net Effect. The Office of Technology Transfer has negotiated and finalized the terms of an exclusive license agreement for patents related to UM XXX File No. 7229 for all fields of use. Guangzhou Boxin Medical Technology Co. Ltd. will obtain use and commercialization rights to the above listed University technology.
Net Effect. The Office of Technology Transfer has negotiated and finalized the terms of a worldwide exclusive license agreement for copyrighted materials related to UM XXX File No. 7318 for all fields of use. Mood Lifters LLC will obtain use and commercialization rights to the above listed University technology.
