Common use of Conversion of Purchaser Common Stock Clause in Contracts

Conversion of Purchaser Common Stock. The Purchaser has outstanding 1,000 shares of common stock, par value $.01 per share, all of which shares are entitled to vote with respect to approval and adoption of this Agreement. At the Effective Time, each share of common stock, par value $.01 per share, of the Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become one validly issued, fully paid and non-assessable share of common stock, par value $.01 per share, of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (GMG Acquisition Corp), Agreement and Plan of Merger (Global Motorsport Group Inc)

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Conversion of Purchaser Common Stock. The Purchaser has outstanding 1,000 100 shares of common stock, par value $.01 0.01 per share, all of which shares are entitled to vote with respect to approval and adoption of this Agreement. At the Effective Time, each share of common stock, par value $.01 0.01 per share, of the Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become one [54,483.64] validly issued, fully paid and non-assessable share shares of common stock, par value $.01 0.01 per share, of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Metropolitan Life Insurance Co/Ny), Agreement and Plan of Merger (Metropolitan Life Insurance Co/Ny)

Conversion of Purchaser Common Stock. The Purchaser has outstanding 1,000 10 shares of common stock, par value $.01 0.01 per share, all of which shares are entitled to vote with respect to approval and adoption of this Agreement. At the Effective Time, each share of common stock, par value $.01 0.01 per share, of the Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become one validly issued, fully paid and non-assessable share of common stock, par value $.01 0.01 per share, of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Asset Management Corp)

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Conversion of Purchaser Common Stock. The Purchaser has ------------------------------------ outstanding 1,000 100 shares of common stock, par value $.01 0.01 per share, all of which shares are entitled to vote with respect to approval and adoption of this Agreement. At the Effective Time, each share of common stock, par value $.01 0.01 per share, of the Purchaser issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become one 100 validly issued, fully paid and non-assessable share shares of common stock, par value $.01 0.01 per share, of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Security Capital Group Inc/)

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