Effective Time definition
Examples of Effective Time in a sentence
Each share of Merger Sub Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of common stock, par value $0.0001 per share, of the Surviving Corporation.
Upon the Effective Time, any certificates representing shares of Old PubCo Class C Common Stock immediately prior to the Effective Time shall thereafter represent the shares of New PubCo Class C Common Stock into which such shares of Old PubCo Class C Common Stock were converted by virtue of the Merger.
At the Effective Time, the General Partner shall withdraw and resign from the Partnership in accordance with the DRULPA and contemporaneously with such withdrawal and resignation, Purchaser shall cause the General Partner to be substituted and replaced by a Person designated by ▇▇▇▇▇▇▇▇▇ who has executed a counterpart of the limited partnership agreement that is amended and restated as of the Effective Time in accordance with Section 2.04(b).
Each share of Old PubCo Class C Common Stock issued and outstanding immediately prior to the Effective Time, and after giving effect to the Old PubCo Class C Share Surrender, shall be converted into one validly issued, fully paid and nonassessable share of New PubCo Class C Common Stock.
New PubCo shall be designated as the managing member of OpCo upon the Effective Time and shall thereupon hold such position in accordance with the New OpCo LLCA until its successor is duly elected or appointed and qualified or until its earlier resignation or removal.