Effects of the Exchange. At and after the Effective Time (as defined below), the Company Shareholders shall be shareholders of Acquiror and the Company shall continue as a wholly-owned Subsidiary of Acquiror.
Effects of the Exchange. The Exchange shall have the effects set forth in this Agreement and in the applicable provisions of the NRS.
Effects of the Exchange. The Exchange shall transpire pursuant to the provisions of and with the effect provided in the Act. The Exchange is a statutory share exchange and not a merger.
Effects of the Exchange. Subject to the foregoing, the effects of the Exchange shall be as provided in the applicable provisions of the Utah Business Corporations Act, as amended.
Effects of the Exchange. Subject to the foregoing, the effects of the Exchange shall be as provided in the applicable provisions of the laws of Honduras.
Effects of the Exchange. At the Effective Time and by virtue of the Exchange, (i) all of the outstanding Assets shall be conveyed to, and Exchange Sub shall be the owning entity of the Assets; (ii) all of the Assets of the Receivership shall be exchanged as provided in Section 1.03, subject to the approval and the Courts Order in Case No. CV093281, Pulaski County Circuit Court, Arkansas.
Effects of the Exchange. Subject to the foregoing, the effects of the Exchange shall be as provided in the applicable provisions of the laws of the Turks and Caicos.
Effects of the Exchange. Subject to the other terms and provisions of this Agreement, as at the Closing Date and after giving effect to the Exchange:
Effects of the Exchange. At the Effective Time and by virtue of the Exchange, all of the outstanding shares shall be conveyed to, and RMR shall be the owning entity of the shares of BRC and BRC shall be a wholly owned subsidiary of RMR.
Effects of the Exchange. At the Closing Date: (a) the Certificate of Incorporation and Bylaws of ITI-Nev will continue unchanged to be the Certificate of Incorporation and Bylaws of the corporation (as in Exhibit 1.3), (b) each share of ITI-Nev Common Stock outstanding immediately prior the Closing Date will continue to be an identical outstanding share of ITI-Nev Common Stock immediately following the Closing Date, (c) the Board of Directors will be increased from three (3) to seven (7), of which Corsa will appoint five (5) (consisting of Yechiel Sharabi, Amnon Sxxx, Xxxxxx Xxxui, Xxxx Xxxamxxx, xxx Xxxacxxx Xxxxx) xx any oxxxx xxxxxx xxbstituted for any of the preceding persons by Corsa so long as such substituted person meets necessary regulatory requirements, and ITI-Nev will appoint two (2) (consisting of Altaf Nazerali and Ross Xxxxxx), (x) xach sxxxx xx Xxxsidiary Stock outstanding immediately prior to the Closing Date will be converted as provided in Section 1.1 and (e) the Exchange will, from and after the Closing Date, have all of the effects provided by applicable law.
