{"component": "clause", "props": {"groups": [{"size": 16, "snippet_links": [{"key": "second-effective-time", "type": "definition", "offset": [7, 28]}, {"key": "the-second-merger", "type": "clause", "offset": [43, 60]}, {"key": "any-action", "type": "definition", "offset": [73, 83]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [99, 124]}, {"key": "holders-of", "type": "clause", "offset": [142, 152]}, {"key": "common-stock", "type": "definition", "offset": [222, 234]}, {"key": "par-value", "type": "definition", "offset": [236, 245]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [293, 315]}, {"key": "prior-to-the", "type": "clause", "offset": [328, 340]}], "samples": [{"hash": "kW5lBzvGQTW", "uri": "/contracts/kW5lBzvGQTW#second-merger", "label": "Agreement and Plan of Merger (Portman Ridge Finance Corp)", "score": 31.9897327423, "published": true}, {"hash": "i5JxH0FVkZD", "uri": "/contracts/i5JxH0FVkZD#second-merger", "label": "Merger Agreement 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At the Second Effective Time, the effect of the Second Merger shall be as provided in this Agreement, the Certificate of Merger with respect to the Second Merger and the applicable provisions of Delaware law. Without limiting the generality of the foregoing, and subject thereto, at the Second Effective Time, all the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of Second Merger Sub and Surviving Corporation shall become the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of the Surviving Entity, which shall include the assumption by the Surviving Entity of any and all agreements, covenants, duties and obligations of Surviving Corporation to be performed after the Second Effective Time.", "hash": "f5919ef4b3a0575d303e1822baad97ac", "id": 2}, {"size": 9, "snippet_links": [{"key": "second-merger-effective-time", "type": "clause", "offset": [7, 35]}, {"key": "effects-of-the-second-merger", "type": "clause", "offset": [41, 69]}, {"key": "provisions-of", "type": "clause", "offset": [109, 122]}, {"key": "delaware-law", "type": "definition", "offset": [123, 135]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [137, 185]}, {"key": "agreed-to", "type": "definition", "offset": [265, 274]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [291, 314]}, {"key": "the-property", "type": "clause", "offset": [323, 335]}, {"key": "merger-sub-ii", "type": "definition", "offset": [382, 395]}, {"key": "first-merger-surviving-corporation", "type": "definition", "offset": [404, 438]}, {"key": "second-merger-surviving-entity", "type": "clause", "offset": [457, 487]}, {"key": "all-debts", "type": "clause", "offset": [493, 502]}, {"key": "liabilities-and-duties", "type": "clause", "offset": [504, 526]}, {"key": "duties-of-the", "type": "definition", "offset": [627, 640]}], "samples": [{"hash": "gOsWj20APIy", "uri": "/contracts/gOsWj20APIy#second-merger", "label": "Merger Agreement (KnowBe4, Inc.)", "score": 32.8028755188, "published": true}, {"hash": "l34iqvfg4KK", "uri": "/contracts/l34iqvfg4KK#second-merger", "label": "Merger Agreement (FireEye, Inc.)", "score": 31.8829574585, "published": true}, {"hash": "cSbur92YW6e", "uri": "/contracts/cSbur92YW6e#second-merger", "label": "Merger Agreement (FireEye, Inc.)", "score": 30.4017791748, "published": true}], "snippet": "At the Second Merger Effective Time, the effects of the Second Merger shall be as provided in the applicable provisions of Delaware Law. Without limiting the generality of the foregoing, and subject thereto, at the Second Merger Effective Time, except as otherwise agreed to pursuant to the terms of this Agreement, all of the property, rights, privileges, powers and franchises of Merger Sub II and the First Merger Surviving Corporation shall vest in the Second Merger Surviving Entity, and all debts, liabilities and duties of Merger Sub II and the First Merger Surviving Corporation shall become the debts, liabilities and duties of the Second Merger Surviving Entity.", "hash": "09b32ef8823fb2a7d7058d0b5bb5d1c7", "id": 3}, {"size": 7, "snippet_links": [{"key": "the-second-merger", "type": "clause", "offset": [0, 17]}, {"key": "in-this-agreement", "type": "definition", "offset": [51, 68]}, {"key": "provisions-of-the", "type": "clause", "offset": [91, 108]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [124, 172]}, {"key": "second-effective-time", "type": "definition", "offset": [214, 235]}, {"key": "all-property", "type": "clause", "offset": [237, 249]}, {"key": "authority-of-the", "type": "clause", "offset": [317, 333]}, {"key": "second-merger-sub", "type": "definition", "offset": [367, 384]}, {"key": "the-surviving-company", "type": "clause", "offset": [399, 420]}, {"key": "all-debts", "type": "clause", "offset": [426, 435]}, {"key": "duties-of-the", "type": "definition", "offset": [622, 635]}], "samples": [{"hash": "iy7pQKnPsIM", "uri": "/contracts/iy7pQKnPsIM#second-merger", "label": "Merger Agreement (Cerecor Inc.)", "score": 30.9411354065, "published": true}, {"hash": "anViMjIIFhQ", "uri": "/contracts/anViMjIIFhQ#second-merger", "label": "Merger Agreement (Aevi Genomic Medicine, Inc.)", "score": 30.9411354065, "published": true}, {"hash": "cQz47I1PDW9", "uri": "/contracts/cQz47I1PDW9#second-merger", "label": "Merger Agreement (Cerecor Inc.)", "score": 30.9247093201, "published": true}], "snippet": "The Second Merger shall have the effects set forth in this Agreement and in the applicable provisions of the DGCL and DLLC. Without limiting the generality of the foregoing, and subject thereto, from and after the Second Effective Time, all property, rights, privileges, immunities, powers, franchises, licenses, and authority of the First-Step Surviving Company and Second Merger Sub shall vest in the Surviving Company, and all debts, liabilities, obligations, restrictions, and duties of each of the First-Step Surviving Company and Second Merger Sub shall become the debts, liabilities, obligations, restrictions, and duties of the Surviving Company.", "hash": "4315048ccd6d03c2c2b8642fb2e6176e", "id": 4}, {"size": 6, "snippet_links": [{"key": "second-merger-effective-time", "type": "clause", "offset": [7, 35]}, {"key": "terms-and", "type": "clause", "offset": [65, 74]}, {"key": "the-conditions", "type": "clause", "offset": [86, 100]}, {"key": "in-accordance-with", "type": "definition", "offset": [112, 130]}, {"key": "general-corporation-law", "type": "clause", "offset": [135, 158]}, {"key": "state-of-delaware", 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{"key": "agreement-and-plan-of-merger-and-reorganization", "type": "clause", "offset": [193, 240]}, {"key": "subsidiary-of", "type": "definition", "offset": [356, 369]}, {"key": "the-entity", "type": "clause", "offset": [419, 429]}, {"key": "wholly-owned-subsidiary", "type": "definition", "offset": [463, 486]}, {"key": "conditions-to-the", "type": "clause", "offset": [516, 533]}, {"key": "acquisition-of-shares", "type": "clause", "offset": [568, 589]}, {"key": "the-offer", "type": "clause", "offset": [602, 611]}, {"key": "consummation-of-the-merger", "type": "clause", "offset": [621, 647]}, {"key": "legal-prohibition", "type": "clause", "offset": [675, 692]}, {"key": "acquisition-of-the-shares", "type": "clause", "offset": [824, 849]}, {"key": "a-reorganization", "type": "clause", "offset": [941, 957]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [964, 989]}, {"key": "the-code", "type": "clause", "offset": [1000, 1008]}, {"key": "this-agreement", "type": "clause", "offset": [1019, 1033]}, {"key": "plan-of-reorganization", "type": "definition", "offset": [1048, 1070]}, {"key": "meaning-of", "type": "clause", "offset": [1083, 1093]}, {"key": "the-regulations", "type": "clause", "offset": [1116, 1131]}], "samples": [{"hash": "hITsE9b72Wo", "uri": "/contracts/hITsE9b72Wo#second-merger", "label": "Merger Agreement (Allergan Inc)", "score": 21.0, "published": true}, {"hash": "9Uaq4rzt6Gw", "uri": "/contracts/9Uaq4rzt6Gw#second-merger", "label": "Merger Agreement (Allergan Inc)", "score": 21.0, "published": true}], "snippet": "As soon as reasonably practicable after the Effective Time, Parent shall cause the Second Merger to be effected by, among other things, adopting and cause the Surviving Corporation to adopt an agreement and plan of merger and reorganization pursuant to which the Surviving Corporation shall be merged with and into a wholly owned limited liability company subsidiary of Parent with such limited liability company being the entity surviving the Second Merger as a wholly owned subsidiary of Parent. There shall be no conditions to the Second Merger, other than (a) the acquisition of Shares pursuant to the Offer, (b) the consummation of the Merger and (c) the absence of any legal prohibition on completing the Second Merger. It is intended that the Second Merger shall occur as described in this Section 6.18, and that the acquisition of the Shares pursuant to the Offer, together with the Merger and the Second Merger, together qualify as a reorganization under the provisions of Section 368(a) of the Code, and that this Agreement constitute a \u201cplan of reorganization\u201d within the meaning of section 1.368-2(g) of the regulations promulgated under the Code.", "hash": "5fc6f2ec076fdb45672810cd8e489a28", "id": 6}, {"size": 5, "snippet_links": [{"key": "following-the-closing-date", "type": "clause", "offset": [34, 60]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [62, 87]}, {"key": "merger-sub-two", "type": "definition", "offset": [117, 131]}, {"key": "separate-existence", "type": "clause", "offset": [140, 158]}, {"key": "and-merger-sub", "type": "clause", "offset": [199, 213]}, {"key": "company-in", "type": "clause", "offset": [267, 277]}], "samples": [{"hash": "lATMR48XBns", "uri": 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the Surviving Corporation shall automatically be converted into a membership interest in the Surviving Entity representing one hundred percent (100%) of the equity ownership interests in the Surviving Entity.\n(c) With respect to any time following the Second Merger, references herein to the Surviving Corporation shall refer to the Surviving Entity.", "hash": "6813df243a285de07dbd0e2801c71968", "id": 8}, {"size": 4, "snippet_links": [{"key": "the-second-merger", "type": "clause", "offset": [20, 37]}, {"key": "merger-date", "type": "clause", "offset": [63, 74]}], "samples": [{"hash": "kEYjqFQbliG", "uri": "/contracts/kEYjqFQbliG#second-merger", "label": "Credit Agreement (Decrane Holdings Co)", "score": 18.0, "published": true}, {"hash": "cDWfDiBS4WK", "uri": "/contracts/cDWfDiBS4WK#second-merger", "label": "Credit Agreement (Audio International Inc)", "score": 18.0, "published": true}, {"hash": "btIHPchogvV", "uri": "/contracts/btIHPchogvV#second-merger", "label": "Increased 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"provisions-of-this-agreement", "type": "clause", "offset": [1446, 1474]}, {"key": "pertaining-to", "type": "definition", "offset": [1475, 1488]}], "samples": [{"hash": "lXVt8RM2pw9", "uri": "/contracts/lXVt8RM2pw9#second-merger", "label": "Merger Agreement (Perfumania Holdings, Inc.)", "score": 23.0479125977, "published": true}, {"hash": "kvOaSHj0tgZ", "uri": "/contracts/kvOaSHj0tgZ#second-merger", "label": "Merger Agreement (Perfumania Holdings, Inc.)", "score": 22.9739894867, "published": true}], "snippet": "As soon as reasonably practicable after the Effective Time, and in any event within one year after the Effective Time, unless otherwise provided below in this Section 5.15, Parent shall cause the Second Merger to be effected by, among other things, adopting and causing the Surviving Corporation to adopt an agreement and plan of merger and reorganization pursuant to which the Surviving Corporation shall be merged with and into Merger Sub I, with Merger Sub I being the entity surviving the Second Merger as a wholly owned subsidiary of Parent. There shall be no conditions to the Second Merger, other than (a) the consummation of the Merger, (b) the absence of any legal prohibition on completing the Second Merger, (c) there not being an Inadequate Continuity of Interest and (d) the receipt by Parent and Company of a written opinion of E\u2587\u2587\u2587\u2587\u2587\u2587 W\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 LLP, counsel to Parent, and Squire, S\u2587\u2587\u2587\u2587\u2587\u2587 & D\u2587\u2587\u2587\u2587\u2587\u2587 (US) LLP, counsel to the Company, respectively, in form and substance reasonably satisfactory to Parent and Company, respectively, to the effect that the Mergers, taken together, will constitute a \u201creorganization\u201d within the meaning of Section 368 of the Code, and neither of such opinions shall have been withdrawn. Such opinions may rely on representations as such counsel reasonably deems appropriate and on typical assumptions. If any of the foregoing conditions is not satisfied, the Second Merger shall not occur and the provisions of this Agreement pertaining to the Mergers qualifying as a \u201creorganization\u201d within the meaning of Section 368 of the Code shall not apply.", "hash": "21ca2f69cdbbc85f0c732fe7606d61f2", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZzZWNvbmQtbWVyZ2VyIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Second Merger", "children": [["effects-of-the-second-merger", "Effects of the Second Merger"], ["second-effective-time", "Second Effective Time"], ["second-merger-effective-time", "Second Merger Effective Time"], ["the-second-merger", "The Second Merger"], ["effect-on-capital-stock", "Effect on Capital Stock"]], "size": 221, "parents": [["the-mergers", "The Mergers"], ["the-merger", "The Merger"], ["effects-of-the-mergers", "Effects of the Mergers"], ["effect-of-the-mergers", "Effect of the Mergers"], ["effect-on-securities", "Effect on Securities"]], "id": "second-merger", "related": [["the-merger", "The Merger", "The Merger"], ["effective-time-of-merger", "Effective Time of Merger", "Effective Time of Merger"], ["the-merger-closing", "The Merger Closing", "The Merger Closing"], ["effective-time-of-the-merger", "Effective Time of the Merger", "Effective Time of the Merger"], ["bank-merger", "Bank Merger", "Bank Merger"]], "related_snippets": [], "updated": "2026-03-07T04:27:53+00:00", "also_ask": ["What strategic advantages or risks arise from including a Second Merger clause?", "Which essential terms must be drafted to ensure the Second Merger is enforceable and unambiguous?", "How does a Second Merger clause interact with anti-assignment or change-of-control provisions in related agreements?", "What are the most common legal challenges to Second Merger clauses in court, and how have courts ruled?", "How does the treatment of Second Merger clauses differ across key jurisdictions or under different merger statutes?"], "drafting_tip": "Specify the conditions triggering a second merger to prevent disputes; define parties' rights and obligations to ensure clarity; outline approval procedures to facilitate enforceability.", "explanation": "The 'Second Merger' clause defines the terms and conditions under which a subsequent merger involving one or more parties to the agreement may occur. Typically, this clause outlines the procedural steps, required approvals, and any specific rights or obligations triggered by the second merger, such as notice requirements or adjustments to existing agreements. Its core practical function is to provide a clear framework for handling additional mergers, thereby reducing uncertainty and ensuring all parties understand their rights and responsibilities if another merger takes place."}, "json": true, "cursor": ""}}