Common use of Stock of Acquisition Clause in Contracts

Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into and become one share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock"). At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was converted.

Appears in 7 contracts

Samples: Merger Agreement (BRG Acquisition Corp), Merger Agreement (Peth Jack W), Merger Agreement (TCF Acquisition Corp)

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Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, stock of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into remain outstanding and will become one share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock")Corporation. At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of Surviving Corporation Common Stock common stock into which the Acquisition common stock represented by the certificate was converted.

Appears in 2 contracts

Samples: Plan and Agreement of Merger (U S Home Corp /De/), Merger Agreement (Lennar Corp /New/)

Stock of Acquisition. At the Effective Time, each share of common stockstock of Acquisition, par value $1.00 0.001 per share, of Acquisition ("Acquisition common stock") which is issued and outstanding immediately before prior to the Effective Time will shall be converted into and become one (1) validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock")Corporation, par value $0.001 per share. At the Effective Time, a certificate which represented shares of Acquisition common stock will automatically become and be a certificate representing the same number of shares of the Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was convertedCorporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Armour Residential REIT, Inc.), Merger Agreement (Javelin Mortgage Investment Corp.)

Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, stock of Acquisition ("Acquisition common stock"Common Stock”) which is outstanding immediately before the Effective Time will be converted into remain outstanding and become will constitute one share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock"). At the Effective Time, a certificate which represented shares of Acquisition common stock will automatically become and be a certificate representing the same number of shares of the Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was convertedCorporation.

Appears in 2 contracts

Samples: Merger Agreement (CreXus Investment Corp.), Merger Agreement (Annaly Capital Management Inc)

Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, stock of Acquisition ("Acquisition common stockStock") which is outstanding immediately before the Effective Time will be converted into one validly issued, fully paid and become one nonassessable share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock")Corporation. At the Effective Time, a certificate which represented Acquisition common stock Stock will automatically become and be a certificate representing the number of shares of the Surviving Corporation Common Stock common stock into which the Acquisition common stock Stock represented by the certificate was converted.

Appears in 2 contracts

Samples: Merger Agreement (Pulte Corp), Merger Agreement (Del Webb Corp)

Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 .01 per share, of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into and become one share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock"). At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was converted.

Appears in 1 contract

Samples: Stock Purchase and Merger Agreement (Tescorp Inc)

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Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, stock of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into and become one share of common stock of the Surviving Corporation ("Surviving Corporation Common Stock"). At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was converted.

Appears in 1 contract

Samples: Merger Agreement (Fortress Group Inc)

Stock of Acquisition. At the Effective Time, each share of common stock, par value $1.00 per share, stock of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into and become one share 100,000 shares of common stock Class B Common Stock of the Surviving Corporation ("Surviving Corporation Common Stock")Corporation. At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of common stock of the Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was converted.

Appears in 1 contract

Samples: Merger Agreement (LHS Group Inc)

Stock of Acquisition. At Each share of common stock of Acquisition issued and outstanding immediately prior to the Effective Time, each share by virtue of common stockthe Merger and without any action on the part of the holder thereof, par value $1.00 per share, of Acquisition ("Acquisition common stock") which is outstanding immediately before the Effective Time will be converted into and become one validly issued, fully paid and nonassessable share of common stock stock, $.01 par value par share, of the Surviving Corporation ("Surviving Corporation Common Stock"). At the Effective Time, a certificate which represented Acquisition common stock will automatically become and be a certificate representing the number of shares of Surviving Corporation Common Stock into which the Acquisition common stock represented by the certificate was convertedCorporation.

Appears in 1 contract

Samples: Merger Agreement (Marvel Enterprises Inc)

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