Common use of Share Capital of Merger Sub Clause in Contracts

Share Capital of Merger Sub. Each Ordinary Share, without 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 non-assessable Ordinary 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, if any, evidencing ownership of Ordinary Shares of Merger Sub immediately prior to the Effective Time, shall, as of the Effective Time, evidence ownership of Ordinary Shares of the Surviving Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (NeuroDerm Ltd.)

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Share Capital of Merger Sub. Each Ordinary Share, without having 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 non-non- assessable Ordinary Share, having no par value NIS 0.01value, of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate, if any, certificate evidencing ownership of Ordinary Shares such shares of Merger Sub immediately prior to the Effective Time, Time shall, as of the Effective Time, evidence ownership of Ordinary Shares such shares of the Surviving Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Share Capital of Merger Sub. Each Ordinary Share, without 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 non-assessable Ordinary Share, par value NIS 0.010.40, of the Surviving Company and such Ordinary Shares shall constitute the only outstanding share capital of the Surviving Company. Each certificate, if any, evidencing ownership of Ordinary Shares of Merger Sub immediately prior to the Effective Time, shall, as of the Effective Time, evidence ownership of Ordinary Shares of the Surviving Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Attunity LTD)

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Share Capital of Merger Sub. Each Ordinary Share, without 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 non-assessable nonassessable Ordinary Share, Share of no 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, if any, certificate evidencing ownership of Ordinary Shares such shares of Merger Sub immediately prior to the Effective Time, Time shall, as of the Effective Time, evidence ownership of Ordinary Shares such shares of the Surviving Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Elbit Vision Systems LTD)

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