The Cash Merger Sample Clauses
The Cash Merger clause defines the terms under which a merger transaction is executed entirely in cash, rather than through stock or other forms of consideration. In practice, this means that shareholders of the target company receive a specified cash payment for each share they own upon completion of the merger. This clause typically outlines the payment process, timing, and any conditions that must be met for the cash consideration to be delivered. Its core function is to provide certainty and clarity regarding the form and amount of compensation shareholders will receive, thereby reducing ambiguity and potential disputes over the merger's financial terms.
The Cash Merger. Upon the terms and subject to the conditions of this Agreement and pursuant to Section 53-14-1 of the NMBCA and Section 252 of the DGCL, at the Effective Time (as defined below), Acquiror will be merged with and into the Company. As a result of the Cash Merger, the separate corporate existence of Acquiror will cease and the Company will continue as the surviving corporation of the Cash Merger (the “Surviving Corporation”). The Surviving Corporation will continue to be governed by the laws of the State of New Mexico, and Parent, the sole shareholder of Acquiror, shall become the sole shareholder of the Surviving Corporation.
The Cash Merger. Upon the terms and subject to the conditions of this Agreement and pursuant to Section 53-14-1 of the NMBCA, at the Effective Time (as defined below), ANM will be merged with and into the Company. As a result of the Cash Merger, the separate corporate existence of ANM will cease and the Company will continue as the surviving corporation of the Cash Merger (the “Surviving Corporation”). The Surviving Corporation will continue to be governed by the laws of the State of New Mexico.
The Cash Merger. Upon the terms and subject to the conditions of this Agreement and pursuant to Section 53-14-1 of the NMBCA and Section 252 of the DGCL, at the Effective Time (as defined below), ANM will be merged with and into the Company. As a result of the Cash Merger, the separate corporate existence of ANM will cease and the Company will continue as the surviving corporation of the Cash Merger (the “Surviving Corporation”). The Surviving Corporation will continue to be governed by the laws of the State of New Mexico, and ANM Land Investors, Inc., the sole shareholder of ANM, shall become the sole shareholder of the Surviving Corporation.