Sub Stock Sample Clauses
Sub Stock. Each share of common stock, par value $.01 per share, of 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, automatically be converted into and thereafter represent one (1) validly issued, fully paid and nonassessable common share, par value $.01 per share, of the Surviving Corporation, so that thereafter Parent will be the sole and exclusive owner of the capital stock of the Surviving Corporation.
Sub Stock. In the First Merger, each issued and outstanding share of the capital stock of Sub shall be converted into and become one fully paid and nonassessable share of common stock of the First Surviving Entity.
Sub Stock. Each then outstanding share of the Sub Stock shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into one share of XLI Common Stock.
Sub Stock. 7 2.4.2 XLI STOCK AND XLI WARRANTS.. . . . . . . . . . . . . . . 7 2.4.3 MERGER CASH. . . . . . . . . . . . . . . . . . . . . . . 8 2.4.4 CONTINGENT CASH. . . . . . . . . . . . . . . . . . . . . 8 2.4.5 BASE AMOUNT. . . . . . . . . . . . . . . . . . . . . . . 9 2.5 EXCHANGE OF CERTIFICATES; PAYMENT OF MERGER CASH . . . . . . . . 10 2.5.1 EXCHANGE AGENT . . . . . . . . . . . . . . . . . . . . . 10 2.5.2 OAK TO PROVIDE CASH. . . . . . . . . . . . . . . . . . . 10 2.5.3
Sub Stock. Each share of Sub Common Stock owned by Parent that is issued and outstanding immediately prior to the Effective Time shall be automatically cancelled and shall cease to exist and no shares of Sub capital stock or other consideration shall be paid in exchange for such shares.
Sub Stock. At the Effective Time, each share of Common Stock, $.01 par value per share, of Sub outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of Common Stock, $.01 par value, of the Surviving Corporation.