Common use of Subsidiary Merger Clause in Contracts

Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, $5,000.00 par value per share, of Seller Sub (the “Seller Sub Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall automatically be cancelled and there shall be no conversion or exchange of, or consideration paid or issued for, such Seller Sub Common Stock. The certificate or certificates for such Seller Sub Common Stock shall be surrendered and cancelled. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.

Appears in 2 contracts

Samples: Merger Agreement (Renasant Corp), Merger Agreement (First M&f Corp/MS)

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Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, $5,000.00 par value $0.01 per share, of Seller Sub Subsidiary (the “Seller Sub Subsidiary Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall be automatically be cancelled and there shall be no conversion or exchange of, or consideration paid or issued for, such Seller Sub Common Stock. The the certificate or certificates for such Seller Sub Common Stock therefor shall be surrendered and cancelled. There shall be no conversion, exchange or consideration for such Seller Subsidiary Common Stock. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.

Appears in 2 contracts

Samples: Merger Agreement (Heritage Financial Holding), Merger Agreement (Peoples Holding Co)

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Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, $5,000.00 no par value per share, of Seller Sub Subsidiary (the “Seller Sub Subsidiary Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall be automatically be cancelled and there shall be no conversion or exchange of, or consideration paid or issued for, such Seller Sub Common Stock. The the certificate or certificates for such Seller Sub Common Stock therefor shall be surrendered and cancelled. There shall be no conversion, exchange or consideration for such Seller Subsidiary Common Stock. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.

Appears in 2 contracts

Samples: Merger Agreement (Renasant Corp), Merger Agreement (Capital Bancorp Inc)

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