Common use of Conversion of Merger Sub Stock Clause in Contracts

Conversion of Merger Sub Stock. At the Effective Time, each share of common stock of Merger Sub that is issued and outstanding immediately before the Effective Time will be converted into one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation, and the shares of the Surviving Corporation into which the shares of common stock of Merger Sub are so converted shall be the only shares of Company Common Stock that are issued and outstanding immediately after the Effective Time. Each certificate evidencing ownership of shares of common stock of Merger Sub will evidence ownership of such shares of common stock of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Identiv, Inc.), Agreement and Plan of Merger (Sigma Designs Inc)

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Conversion of Merger Sub Stock. At the Effective Time, each share of Merger Sub common stock of Merger Sub that is issued and outstanding immediately before prior to the Effective Time will be converted into constitute one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation, and the shares of the Surviving Corporation into which the shares of common stock of Merger Sub are so converted shall be the only shares of Company Common Stock that are issued and outstanding immediately after the Effective Time. Each certificate evidencing ownership of shares of Merger Sub common stock of Merger Sub will evidence ownership of such shares of common stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Silicon Image Inc)

Conversion of Merger Sub Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or any shareholder of the Company, each share of Merger Sub common stock of Merger Sub that is issued and outstanding immediately before prior to the Effective Time will be converted into one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation, and the shares of the Surviving Corporation into which the shares of common stock of Merger Sub are so converted shall be the only shares of Company Common Stock that are issued and outstanding immediately after the Effective Time. Each certificate evidencing ownership of shares of Merger Sub common stock of Merger Sub will evidence ownership of such shares of common stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Merge Healthcare Inc)

Conversion of Merger Sub Stock. At the Effective Time, each Each share of common capital stock of Merger Sub that is issued and outstanding immediately before prior to the Effective Time will will, by virtue of the Merger and without further action on the part of the sole stockholder of Merger Sub, be converted into and become one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation, Corporation (and the shares of the Surviving Corporation into which the shares of common stock of Merger Sub capital stock are so converted shall be the only shares of Company Common Stock the Surviving Corporation’s capital stock that are issued and outstanding immediately after the Effective Time). Each certificate evidencing ownership of shares of Merger Sub common stock of Merger Sub will evidence ownership of such shares of common stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Keynote Systems Inc)

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Conversion of Merger Sub Stock. At the Effective Time, each share of Merger Sub common stock of Merger Sub that is issued and outstanding immediately before prior to the Effective Time will be converted into one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation, and the shares of the Surviving Corporation into which the shares of common stock of Merger Sub are so converted shall be the only shares of Company Common Stock that are issued and outstanding immediately after the Effective Time(as defined below). Each certificate evidencing ownership of shares of Merger Sub common stock of Merger Sub will evidence ownership of such shares of common stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Flextronics International LTD)

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