Common use of Basic Structure Clause in Contracts

Basic Structure. On the terms and subject to the conditions set forth in this Agreement, Mergerco, as the disappearing corporation, will be merged with and into UXP, as the surviving corporation, all as more specifically provided in the Plan of Merger. After the Merger, Parent will own all of the issued and outstanding stock of UXP. On the Closing Date, UXP and Mergerco will cause articles of merger in the form required by Colorado law to be filed with the Colorado Secretary of State. The Merger will become effective upon such filing (the "Effective Time").

Basic Structure. On the terms and subject to the conditions set forth in this Agreement, Mergerco, as the disappearing corporation, will be merged with and into UXP, as the surviving corporation, all as more specifically provided in the Plan of Merger. After the Merger, Parent will own all of the issued and outstanding stock of UXP. On the Closing Date, UXP and Mergerco will cause articles of merger in the form required by Colorado law to be filed with the Colorado Secretary of State. The Merger will become effective upon such filing (the "“Effective Time"”).