Common use of Treatment of Merger Sub Capital Stock Clause in Contracts

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result of the Merger and without any action on the part of the Company, Parent or Merger Sub, each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result the issued and outstanding shares of the Merger and without any action on the part of the Company, Parent or Merger Sub, each share of common stock, par value $0.01 per share, stock of Merger Sub shall be automatically converted into and become fully paid and nonassessable shares of the common stock of the Surviving Corporation equal in number to the number of shares of Company Class A Common Stock issued and outstanding immediately prior to the Effective Time (including shares of Company Class A Common Stock resulting from the exercise of Company Warrants in accordance with Section 2.6(b) and other than the Excluded Shares) and shall be converted into one validly issued, fully paid and nonassessable share constitute the only outstanding shares of common stock, par value $0.01 per share, capital stock of the Surviving Corporation.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result by virtue of the Merger and without any further action on the part of the Purchaser, Merger Sub, Company, Parent the shareholders of the Company or Merger Subthe Holders’ Agent, each share of the common stock, $0.001 par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, stock of the Surviving Corporation.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result of the Merger and without any action on the part of the Company, Parent or Merger Sub, each share of common stock, $0.001 par value $0.01 per share, of Merger Sub that is issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, stock of the Surviving Corporation. Each stock certificate of Merger Sub evidencing ownership of any such shares shall thereafter evidence ownership of such shares of capital stock of the Surviving Corporation.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result of the Merger and without any action on the part of the Company, Parent or Merger Sub, each Each share of common stock, par value $0.01 0.0001 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and become one validly newly issued, fully paid paid, and nonassessable share of common stock, par value $0.01 per share, non-assessable membership interest of the Surviving CorporationCompany and shall constitute the only Equity Interests of the Surviving Company.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result of the Merger and without any action on the part of the Company, Parent or Merger Sub, each share of common stock, $0.00001 par value $0.01 per share, of Merger Sub that is issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, stock of the Surviving Corporation. Each stock certificate of Merger Sub evidencing ownership of any such shares shall thereafter evidence ownership of such shares of capital stock of the Surviving Corporation.

Treatment of Merger Sub Capital Stock. At the Effective Time, as a result Each share of the Merger and without any action on the part of the Company, Parent or Merger Sub, each share of common stock, stock $.01 par value $0.01 per share, share of Merger Sub that is issued and outstanding immediately prior to the Effective Time shall be automatically converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, stock of the Surviving Corporation. Each stock certificate of Merger Sub evidencing ownership of such shares shall thereafter evidence ownership of such shares of capital stock of the Surviving Corporation.