Common use of Newco Common Stock Clause in Contracts

Newco Common Stock. Each share of Newco common stock issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock of the Surviving Corporation.

Newco Common Stock. Each issued and outstanding share of Newco common stock issued and outstanding immediately prior to the Effective Time Common Stock shall be converted into and become one fully paid and nonassessable share of common stock of the Surviving Corporation with the same rights, powers and privileges as the shares so converted and shall constitute the only outstanding shares of capital stock of the Surviving Corporation.

Newco Common Stock. Each common share of Newco common stock issued and outstanding immediately prior to before the Effective Time shall be converted into and become one fully paid and nonassessable common share of common stock of the Surviving CorporationBank.