Examples of Merger Sub Units in a sentence
All of the Merger Sub Units issued and outstanding immediately prior to the Effective Time shall be canceled and retired and shall cease to exist without any consideration payable therefor.
Merger Sub is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and all of the outstanding Merger Sub Units are owned directly or indirectly by Parent.
Merger Sub is not and has never been a party to any material agreement other than this Agreement and has not conducted any activities other than in connection with the organization of Merger Sub, the issuance of Merger Sub Units to PNCR, the negotiation and execution of this Agreement and the consummation of the transactions contemplated hereby.
At the Effective Time, the Company shall indicate on its books in accordance with applicable law that PNCR is the owner of the number of Company Units to which PNCR is entitled by virtue of the conversion of Merger Sub Units into Company Units and shall issue a certificate representing such Company Units in the name of PNCR in accordance with the operating agreement of the Company as in effect following the Effective Time and such certificate shall be delivered as specified in Section 6.5(c).
All Merger Sub Units have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, and are owned by Georgia free and clear of any Liens.