Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, par value $0.01 per share, of Seller Subsidiary (the “Seller Subsidiary Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall be automatically cancelled and the certificate or certificates therefor shall be surrendered and cancelled. There shall be no conversion, exchange or consideration for such Seller Subsidiary Common Stock. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.
Appears in 2 contracts
Samples: Plan of Merger (Peoples Holding Co), Plan of Merger (Heritage Financial Holding)
Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, $5,000.00 par value $0.01 per share, of Seller Subsidiary Sub (the “Seller Subsidiary Sub Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall automatically be automatically cancelled and the there shall be no conversion or exchange of, or consideration paid or issued for, such Seller Sub Common Stock. The certificate or certificates therefor for such Seller Sub Common Stock shall be surrendered and cancelled. There shall be no conversion, exchange or consideration for such Seller Subsidiary Common Stock. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Renasant Corp), Agreement and Plan of Merger (First M&f Corp/MS)
Subsidiary Merger. At the effective time of the Subsidiary Merger, each share of common stock, no par value $0.01 per share, of Seller Subsidiary (the “Seller Subsidiary Common Stock”) issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall be automatically cancelled and the certificate or certificates therefor shall be surrendered and cancelled. There shall be no conversion, exchange or consideration for such Seller Subsidiary Common Stock. All of the shares of Acquiror Sub issued and outstanding immediately prior to the effective time of the Subsidiary Merger shall remain issued and outstanding after the effective time of the Subsidiary Merger and shall be unaffected by the Subsidiary Merger.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Capital Bancorp Inc), Agreement and Plan of Merger (Renasant Corp)
