The Conversion Merger Sample Clauses
The Conversion Merger clause defines the process by which convertible securities, such as convertible notes or preferred shares, are automatically converted into equity upon the occurrence of a merger or acquisition event. In practice, this clause specifies the timing, conversion ratio, and any adjustments to the terms of conversion that apply if the company is acquired or merges with another entity. By establishing clear rules for how and when conversion takes place during a merger, the clause ensures that holders of convertible securities are treated fairly and consistently, preventing disputes and providing certainty for both investors and the company during significant corporate transactions.
The Conversion Merger. SECTION 3.01. Parties to the Conversion Merger...........................12 SECTION 3.02. Conversion Merger Effective Time...........................13 SECTION 3.03. Effects....................................................13 SECTION 3.04. Conversion of New Ashland Securities.......................13 SECTION 3.05.
The Conversion Merger. Subject to the terms and conditions of this Agreement, immediately prior to the Effective Time, the Company shall merge with and into Company Sub in accordance with the provisions of Section 215a of the National Bank Act and the regulations of the OCC thereunder and Section 34D of Chapter 168 of the Massachusetts General Laws (the “Conversion Merger”). Upon consummation of the Conversion Merger, the separate corporate existence of the Company shall terminate and Company Sub shall continue as a national bank incorporated under the laws of the United States (Company Sub, after the Conversion Merger, sometimes being referred to herein as the “Converted Company”).
The Conversion Merger. Subject to the terms and conditions of this Agreement, in accordance with the DGCL and the DLLCA, at the Conversion Merger Effective Time, the Surviving Intermediate Corporation shall merge with and into Merger Sub 3. Merger Sub 3 shall be the surviving limited liability company in the Conversion Merger, and shall continue its existence as a limited liability company under the Laws of the State of Delaware. As of the Conversion Merger Effective Time, the separate corporate existence of Surviving Intermediate Corporation shall cease.