Effect on Merger Sub Capital Stock. Each share of common stock, $0.01 par value, of Merger Sub 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 one share of common stock, $0.01 par value, of the Surviving Corporation and such shares shall, collectively, represent all of the issued and outstanding capital stock of the Surviving Corporation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Capstar Broadcasting Corp), Agreement and Plan of Merger (Chancellor Media Corp of Los Angeles)
Effect on Merger Sub Capital Stock. Each share of common stock, $0.01 par value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall, shall remain outstanding and be unaffected by virtue of the Merger and without any action on and, following the part of the holder thereofMerger, be converted into one share of common stock, $0.01 par value, of the Surviving Corporation and such shares shall, collectively, shall thereafter represent all of the issued and outstanding capital stock of the Surviving Corporation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Chancellor Media Corp of Los Angeles), Agreement and Plan of Merger (Hicks Thomas O)
Effect on Merger Sub Capital Stock. Each At the Effective Time, each share of the common stock, $0.01 par value, stock of Merger Sub Sub, issued and outstanding immediately prior to the Effective Time Time, shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into one fully paid and non-assessable share of common stock, par value $0.01 par valueper share, of the Surviving Corporation and such shares shall, collectively, represent all of the issued and outstanding capital stock of the Surviving Corporation.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Igames Entertainment Inc)
