Common use of Target Common Stock Clause in Contracts

Target Common Stock. Each share of Target Common Stock issued and outstanding immediately prior to the Effective Time shall be converted and exchanged, without any action on the part of the holders thereof, into the right to receive (without interest) an amount equal to the Per Share Consideration, as adjusted by the Escrow Amount as contemplated in Section 9.1(a) of the Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Innovus Pharmaceuticals, Inc.)

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Target Common Stock. Each share of Target Common Stock issued and outstanding immediately prior to the Effective Time (excluding Dissenting Shares) shall be converted and exchanged, without any action on the part of the holders thereof, into the right to receive (without interest) (A) an amount equal to the Per Share Base Consideration, as adjusted by the Closing Escrow Amount as contemplated in Section 9.1(a8.1(a) of the Agreement, and (B) subject to the provisions of Section 2.8, the Per Share Contingent Consideration, as adjusted by the Applicable Escrow Amounts as contemplated in Section 8.1(a) of the Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Adventrx Pharmaceuticals Inc)

Target Common Stock. Each share of Target Common Stock issued and outstanding immediately prior to as of the Effective Time (excluding Dissenting Shares) shall be converted and exchanged, without any action on the part of the holders thereof, exchanged into the right to receive (without interest) an amount in cash equal to to: following the end of the Earn-Out Period the Common Per Share Earn-Out Consideration, if any (the “Common Per Share Consideration, as adjusted by the Escrow Amount as contemplated in Section 9.1(a) of the Agreement”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Silicon Laboratories Inc)

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Target Common Stock. Each share of Target Common Stock issued and outstanding immediately prior to the Effective Time shall (excluding shares to be converted cancelled in accordance with Section 2.6(f) and exchangedDissenting Shares) shall, by virtue of the Merger and without any action on the part of the holders holder thereof, be converted and exchanged into the right to receive (without interest) an amount equal to the Per Share Consideration, Merger Consideration as adjusted by the Escrow Amount as contemplated in Section 9.1(a) of the Agreementdescribed below.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sigmatel Inc)

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