Conversion of Company Interests. Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of any holder of Company Interests, each unit of Company Interests (other than any Disregarded Units) issued and outstanding immediately prior to the Effective Time shall be cancelled and extinguished and automatically converted into the right to receive (following satisfaction of the Payment Condition):
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Samples: Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.)
Conversion of Company Interests. Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and this Agreement and without any action on the part of any holder of Parent, Merger Sub, the Company Interestsor the Surviving Company, each unit of the Company Interests (other than any Disregarded Units) issued and outstanding immediately prior to the Effective Time shall will be cancelled canceled and extinguished and the rights pertaining thereto will be automatically converted into the Member’s right to receive (following satisfaction of the Payment Condition):Merger Consideration.
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