Common use of Subsidiary Common Stock Clause in Contracts

Subsidiary Common Stock. Upon the Effective Date, by virtue of the Merger and without any action on the part of the shareholder thereof, each share in the common stock of Subsidiary issued and outstanding immediately prior to the Effective Date shall be cancelled.

Appears in 12 contracts

Samples: Merger Agreement (Blockhold Capital Corp), Merger Agreement (Medicus Homecare Inc.), Merger Agreement (Sports Asylum, Inc.)

AutoNDA by SimpleDocs

Subsidiary Common Stock. Upon the Effective Date, by virtue of the Merger and without any action on the part of the shareholder thereofholder thereof or the Constituent Corporations, each share in the common stock of Subsidiary Common Stock issued and outstanding immediately prior to the Effective Date thereto shall be cancelled.

Appears in 2 contracts

Samples: Merger Agreement (Golf Two Inc), Merger Agreement (Touchstone Resources Usa, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!