Common use of First Merger Clause in Contracts

First Merger. The First Merger shall have the effects set forth in this Agreement and in the applicable provisions of the DGCL. Without limiting the generality of the foregoing, and subject thereto, from and after the Effective Time, all property, rights, privileges, immunities, powers, franchises, licenses, and authority of the Company and Merger Sub shall vest in the First-Step Surviving Company, and all debts, liabilities, obligations, restrictions, and duties of each of the Company and Merger Sub shall become the debts, liabilities, obligations, restrictions, and duties of the First-Step Surviving Company.

First Merger. The First Merger shall have the effects set forth in this Agreement and in the applicable provisions of the DGCL. Without limiting the generality of the foregoing, and subject thereto, thereto from and after the Effective Time, all property, rights, privileges, immunities, powers, franchises, licenses, licenses and authority of the Company and Merger Sub Corp shall vest in the First-Step Interim Surviving Company, and all debts, liabilities, obligations, restrictions, and duties of each of the Company and Merger Sub Corp shall become the debts, liabilities, obligations, restrictions, and duties of the First-Step Interim Surviving Company.