Common use of Merger of Merger Sub into the Company Clause in Contracts

Merger of Merger Sub into the Company. Upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the applicable provisions of Sections 314 through 327 of the Israeli Companies Law, at the Effective Time, Merger Sub (as the target company (Chevrat Ha’Ya’ad)) shall be merged with and into the Company (as the absorbing company (HaChevra Ha’Koletet)), and the separate existence of Merger Sub shall cease. The Company will continue as the Surviving Company in the Merger (the “Surviving Company”). The Surviving Company shall continue to be governed by Israeli law and shall become a wholly owned subsidiary of Parent.

Merger of Merger Sub into the Company. Upon At the Effective Time and subject to and upon the terms and subject to the conditions set forth in of this Agreement, Agreement and in accordance with the applicable provisions of Sections 314 through 327 of the Israeli Companies Law, at the Effective Time, ICL: (i) Merger Sub (as the target company (Chevrat Ha’Ya’ad)) shall be merged with and into the Company (as the absorbing company (HaChevra Ha’Koletet)), and ; (ii) the separate existence of Merger Sub shall cease. The ; and (iii) the Company will shall continue as the Surviving Company in surviving corporation and a wholly-owned subsidiary of Parent governed by Israeli law. The Company, as the Merger (surviving entity of the Merger, is hereinafter sometimes referred to as the “Surviving CompanyCorporation.”). The Surviving Company shall continue to be governed by Israeli law and shall become a wholly owned subsidiary of Parent.