Common use of Subsidiary Common Stock Clause in Contracts

Subsidiary Common Stock. Each share of capital stock of the Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into one fully paid and nonassessable share of common stock of the Surviving Corporation.

Appears in 4 contracts

Samples: Plan and Agreement of Merger (Healthsouth Corp), Plan and Agreement of Merger (Health Images Inc), Plan and Agreement of Merger (Horizon CMS Healthcare Corp)

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Subsidiary Common Stock. Each share of capital stock of the Subsidiary issued and outstanding immediately prior to the Effective Time of the Merger shall be converted into one fully paid issued and outstanding and nonassessable share of common stock Common Stock of the Surviving Corporation.

Appears in 2 contracts

Samples: Plan and Agreement of Merger (Medpartners Inc), Plan and Agreement of Merger (America Service Group Inc /De)

Subsidiary Common Stock. Each share of capital stock common stock, par value $.50 per share, of the Merger Subsidiary issued and (the "Subsidiary Common Stock") outstanding immediately prior to the Effective Time shall shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and be one fully paid and nonassessable share of common stock the Common Stock of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Penederm Inc), Agreement and Plan of Merger (Mylan Laboratories Inc)

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Subsidiary Common Stock. Each share of capital stock the common stock, ----------------------- no par value, of the Subsidiary issued and which is outstanding immediately prior to the Effective Time Date shall be converted converted, by virtue of the Merger and without any action on the part of any person or entity, into one fully paid and nonassessable (1) share of common stock Common Stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Computer Products Inc)

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