Common use of Acquisition Shares Clause in Contracts

Acquisition Shares. Each share of common stock, par value $0.01 per share, of Acquisition issued and outstanding at the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, automatically be converted into one fully paid and nonassessable share of common stock of the Surviving Corporation, as such shares of common stock are constituted immediately following the Effective Time.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Lycos Inc), Agreement and Plan of Merger (Go2net Inc), Agreement and Plan of Merger (Lycos Inc)

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Acquisition Shares. Each share of common stock, par value $0.01 ------------------ per share, of Acquisition issued and outstanding at the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, automatically be converted into one fully paid and nonassessable share of common stock of the Surviving Corporation, as such shares of common stock are constituted immediately following the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Lycos Inc), Agreement and Plan of Merger (Lycos Inc), Agreement and Plan of Merger (Lycos Inc)

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