Common use of Share Capital of Merger Sub Clause in Contracts

Share Capital of Merger Sub. Each Ordinary Share of no par value of Merger Sub issued and outstanding immediately prior to the Effective Time shall be automatically and without further action converted into one validly issued, fully paid and nonassessable Ordinary Share of no par value of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate evidencing ownership of such shares of Merger Sub immediately prior to the Effective Time shall, as of the Effective Time, evidence ownership of such shares of the Surviving Company.

Appears in 1 contract

Samples: Merger Agreement (Elbit Vision Systems LTD)

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Share Capital of Merger Sub. Each Ordinary Share of no Share, without par value value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be automatically and without further action converted into one validly issued, fully paid and nonassessable non-assessable Ordinary Share of no Share, par value NIS 0.01, of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate certificate, if any, evidencing ownership of such shares Ordinary Shares of Merger Sub immediately prior to the Effective Time Time, shall, as of the Effective Time, evidence ownership of such shares Ordinary Shares of the Surviving Company.

Appears in 1 contract

Samples: Merger Agreement (NeuroDerm Ltd.)

Share Capital of Merger Sub. Each Ordinary Share of Share, having no par value value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be automatically and without further action converted into one validly issued, fully paid and nonassessable non- assessable Ordinary Share of Share, having no par value value, of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate evidencing ownership of such shares of Merger Sub immediately prior to the Effective Time shall, as of the Effective Time, evidence ownership of such shares of the Surviving Company.

Appears in 1 contract

Samples: Merger Agreement

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Share Capital of Merger Sub. Each Ordinary Share Share, of no par value value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be automatically and without further action converted into one validly issued, fully paid and nonassessable non-assessable Ordinary Share of no Share, par value NIS 0.40, of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate certificate, if any, evidencing ownership of such shares Ordinary Shares of Merger Sub immediately prior to the Effective Time Time, shall, as of the Effective Time, evidence ownership of such shares Ordinary Shares of the Surviving Company.

Appears in 1 contract

Samples: Merger Agreement (Attunity LTD)

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