Post-Merger Ownership Sample Clauses

Post-Merger Ownership. It is the intention of ▇▇▇▇▇▇▇▇▇▇ and --------------------- Quilvest that immediately following consummation of the Merger, each of ▇▇▇▇▇▇▇▇▇▇ and Quilvest shall own that percentage of the equity of the surviving company (computed on a common stock equivalent basis, assuming conversion of all Preferred Stock (the "Common Equivalent Basis")) (the "Equity") equal to the amount that the aggregate amount invested by such party in the Company to acquire the Preferred Stock plus an amount equal to the accrued and unpaid dividends on the Preferred Stock held by such party through the day immediately preceding the Effective Time plus the amounts invested in Newco by such party (collectively, the "Investment Amount") bears to the aggregate Investment Amount of both parties.

Post-Merger Ownership. Following the Merger, the Company will directly own all of the limited liability company or membership interests, as the case may be, in each of Pressure Control, Pressure Pumping, Directional Services and Directional Drilling and all of the capital stock of Acid. Except as disclosed in the Registration Statement, the Time of Sale Information and the Prospectus and as provided in the Credit Agreement, following the Merger, the Company will own such limited liability company or membership interests and shares of capital stock free and clear of all Liens.