Company Membership Interests. Each unit of membership interests of the Company issued and outstanding immediately prior to the Effective Time (other than (1) Company Units held by the Company in treasury, (2) Company Units held by REG or any Affiliate of REG, and (3) Company Units owned by the Company or any direct or indirect wholly-owned Subsidiary of the Company, and in each case not held on behalf of third parties (each, an “Excluded Unit” and collectively, “Excluded Units”)) shall be converted into the right to receive 0.4479 shares of Parent Common Stock (the “Common Stock Per Unit Closing Merger Consideration”) and 0.0088 shares of Parent Preferred Stock (the “Preferred Stock Per Unit Closing Merger Consideration”) with those certain preferred rights and designations as set forth in the Series A Preferred Stock Certificate of Designation, a copy of which is attached hereto as Exhibit C.
Company Membership Interests. Each holder of Company Membership Interests shall receive Merger Consideration equal to ______ shares of Compass Common Stock for each 1% of Company Membership Interests held immediately prior to the Effective Time.
Company Membership Interests. As of the date hereof, the only Company Membership Interests issued and outstanding are those owned by the Members party hereto, all of which are owned by the Members in the amounts and percentages set forth on Table 1 annexed hereto. None of the outstanding Company Membership Interests were issued in violation of the preemptive or other rights of any Members or other person or entity.
Company Membership Interests. The membership interest of the Company issued and outstanding immediately prior to the Merger 2 Effective Time shall automatically be cancelled and retired and will cease to exist, and no consideration will be delivered in exchange thereafter.
Company Membership Interests. The Sellers own of record and beneficially all of the Company Membership Interests, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities Laws), taxes, liens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. The Sellers are not a party to any option, warrant, purchase right, or other Contract or commitment that could require the Sellers to sell, transfer, or otherwise dispose of any Company Membership Interests (other than this Agreement). Neither of the Sellers is a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any Company Membership Interests.
Company Membership Interests. Each Member shall deliver to Drilling on the Closing Date evidence of the Company Membership Interests owned by the Member ("COMPANY CERTIFICATES"), if any, along with duly executed assignments of such Company Certificates, in order to effectively vest in Drilling all right, title and interest in and to the Company Membership Interests owned by the Member. From time to time after the Closing Date, and without further consideration, the Member will execute and deliver such other instruments of transfer and take such other actions as Drilling may reasonably request in order to more effectively transfer to Drilling the securities intended to be transferred hereunder.
Company Membership Interests. All equity interests of any kind or nature in the Company issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive cash in an amount for each Company Member as determined by the Company’s Limited Liability Company Agreement, as set forth on Exhibit A hereto.
Company Membership Interests. Each holder of Company Membership Interests shall receive Merger Consideration equal to ______ shares
Company Membership Interests. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the respective shareholders or members thereof, each Company Membership Interest issued and outstanding as of immediately prior to the Effective Time shall be cancelled and extinguished and shall be converted automatically into the right to receive, subject to the terms set forth in Section 2.06 (a) , without surrender of the certificate, if any, representing such Company Membership Interest, the Merger Consideration.
Company Membership Interests. Such Contributing Member has good and valid title to the Company Membership Interests owned by him, her or it as set forth in Schedule 2.2 hereto, free and clear of any claims, liens, security interests, options, charges, adverse claims and interests of others whatsoever. Upon delivery to Holdings at the Initial Closing of the certificate or certificates of interest or other instruments, if any, issued by the Company and evidencing the Company Membership Interests owned by such Contributing Member, duly endorsed by such Contributing Member for transfer to Holdings, Holdings will obtain good and valid title to such Company Membership Interests, fits and clear of any claims, liens, security interests, options, charges, adverse claims and interests of others whatsoever. There are no voting trusts, proxies, or other agreements or understandings with respect to the voting, dividend right or disposition of such Contributing Member's Company Membership Interests. Neither the Contributing Member nor, to the Contributing Member's knowledge, the Company has any obligation, absolute or contingent, to any other person or entity to issue, sell or otherwise dispose of any Company Membership Interests or to effect any merger, consolidation, reorganization or other business combination of the Company or any Subsidiary or to enter into any agreement with respect thereto.
