Effect of Merger on Share Capital of Merger Sub. At the Effective Time, by virtue of the occurrence of the Merger, and without any action on the part of the Company, Parent, Merger Sub or any holder of any share capital of the Company or Merger Sub, each Merger Sub Share issued and outstanding immediately prior to the Effective Time shall be converted into and become one duly authorized, validly issued, fully paid and non-assessable common share, par value $0.01 per common share, of the Surviving Company.
Appears in 3 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (American International Group Inc), Agreement and Plan of Merger (Validus Holdings LTD)
Effect of Merger on Share Capital of Merger Sub. At the Effective Time, by virtue of the occurrence of the Merger, Merger and without any action on the part of the Company, Parent, Merger Sub Sub, the Company or any holder the holders of any share capital of Merger Sub or the Company or Merger SubCompany, each issued and outstanding Merger Sub Share issued and outstanding immediately prior to the Effective Time shall be converted into and become one duly authorized, validly issued, fully paid and non-assessable common share, par value $0.01 per common share, of the Surviving CompanyCompany Share.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Endurance Specialty Holdings LTD), Agreement and Plan of Merger (Endurance Specialty Holdings LTD), Agreement and Plan of Merger (Montpelier Re Holdings LTD)
Effect of Merger on Share Capital of Merger Sub. At the Effective Time, by virtue of the occurrence of the Merger, and without any action on the part of the Company, Parent, Merger Sub or any holder of any share capital of the Company or Merger Sub, each Merger Sub Share issued and outstanding immediately prior to the Effective Time shall be converted into and become one duly authorized, validly issued, fully paid and non-assessable common share, par value $0.01 per common share, of the Surviving Company.
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