Examples of First Merger in a sentence
Except as set forth in this Section 1.7(a)(iii), at the First Merger Effective Time, each Class B Unitholder shall cease to have any rights with respect to the Class B Units.
The parties hereby adopt this Agreement insofar as it relates to the First Merger and the Second Merger as a “plan of reorganization” within the meaning of Section 1.368-2(g) of the Treasury Regulations.
At the First Effective Time, by virtue of the First Merger and without any action on the part of Acquiror, Merger Sub I, the Company, any Securityholder, or any other Person, each Company Option that is outstanding as of immediately prior to the Effective Time and that is not an In-the-Money Company Option (each an “Out-of-the-Money Company Option”) shall automatically be terminated and cancelled as of the Effective Time without any payment therefor.
At the First Effective Time, the effects of the First Merger shall be as provided in the applicable provisions of Delaware Law.
At the First Effective Time, by virtue of the First Merger and without any action on the part of Acquiror, Merger Sub I, the Company, the Securityholders or any other Person, each share of common stock, par value $0.001 per share, of Merger Sub I issued and outstanding immediately prior to the First Effective Time shall be cancelled and converted into one validly issued, fully paid and nonassessable share of common stock, par value $0.001 per share, of the First Step Surviving Corporation.