Common use of Purchaser Stock Clause in Contracts

Purchaser Stock. At the Effective Time, each share of common stock, $.01 par value per share, of Purchaser that is outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, $.01 par value per share, of the Surviving Corporation.

Purchaser Stock. At the Effective Time, each share of common stock, par value $.01 par value per share, of Purchaser that is issued and outstanding immediately prior to the Effective Time shall shall, by virtue of the Merger and without any action on the part of Parent, Purchaser, the Company or the holder thereof, be converted into and exchanged for one validly issued, fully paid and non-assessable nonassessable share of common stock, par value $.01 par value per share, of the Surviving Corporation.

Purchaser Stock. At the Effective Time, each share of common stock, $.01 par value per share, of Purchaser that is outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, $.01 1.00 par value per share, of the Surviving Corporation, and each share of preferred stock, par value $1.00 per share, of Purchaser that is outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of Junior Preferred Stock.

Purchaser Stock. At the Effective Time, each share of common stock, $.01 1.00 par value per share, of Purchaser that is outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, $.01 1.00 par value per share, of the Surviving Corporation.