Capital Stock of Merger Subsidiary. At the Effective Time, each membership interest of Merger Subsidiary ("Merger Subsidiary Common Shares") issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and non-assessable Surviving Corporation Common Share.
Appears in 3 contracts
Samples: Recapitalization Agreement (Sunburst Hospitality Corp), Recapitalization Agreement (Mascotech Inc), Recapitalization Agreement (Mascotech Inc)
Capital Stock of Merger Subsidiary. At As of the Effective Time, each membership interest share of common stock of Merger Subsidiary ("a “Merger Subsidiary Common Shares"Share”) issued and outstanding immediately prior to the Effective Time shall be converted into remain outstanding and continue to represent one validly issued, fully paid and non-assessable share of the Surviving Corporation Common ShareCorporation.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Ign Entertainment Inc)
