Examples of Merger 2 Effective Time in a sentence
The directors of Parent in office immediately prior to the Merger 2 Effective Time shall be the directors of Surviving Corporation 2 after the Merger 2 Effective Time, and such directors shall serve in accordance with the By-laws of Surviving Corporation 2 until their respective successors are duly elected or appointed and qualified.
The officers of Parent in office immediately prior to the Merger 2 Effective Time shall be the officers of Surviving Corporation 2 after the Merger 2 Effective Time, and such officers shall serve in accordance with the By-laws of Surviving Corporation 2 until their respective successors are duly elected or appointed and qualified.
The Certificate of Incorporation of Parent as in effect immediately prior to the Merger 2 Effective Time shall be the Certificate of Incorporation of Surviving Corporation 2 after the Merger 2 Effective Time, and thereafter may be amended in accordance with its terms and as provided in the DGCL.
There appears to be no restriction within the regulatory framework preventing TNSPs from charging a risk adjusted price to subsequent generators seeking for the contestable extension component of the cost of hub that reflects the risk initially borne by the TNSP.
The membership interest of the Company issued and outstanding immediately prior to the Merger 2 Effective Time shall automatically be cancelled and retired and will cease to exist, and no consideration will be delivered in exchange thereafter.
Without limiting the generality of the foregoing, and subject thereto, from and after the Merger 2 Effective Time, all property, rights, privileges, immunities, powers, franchises, licenses and authority of the Company shall vest in the Surviving Entity, and all debts, liabilities, obligations, restrictions and duties of the Company shall become the debts, liabilities, obligations, restrictions and duties of the Surviving Entity.
Each limited liability company interest of Merger Sub 2 outstanding immediately prior to the Merger 2 Effective Time shall not be affected and shall remain outstanding as a limited liability company interest of the Surviving Company, and Parent shall continue as the sole member of the Surviving Company.
Immediately following the Merger 2 Effective Time, Parent shall contribute all of the limited liability company interests in Merger Sub 2 to Greenlane Holdings, LLC (“GH LLC”) in exchange for a number of GH LLC Common Units equal to the number of shares of Parent Class A Common Stock issued in Merger 1, cash and other property as may be reasonably required to effect the Mergers and any other transactions contemplated herein.
Subject only to the occurrence of Merger 1 and in accordance with the DLLCA, at the Merger 2 Effective Time, (a) the Company will merge with and into the Acquiror, and (b) the separate existence of the Company will cease and the Acquiror will continue its limited liability company existence under the DLLCA as the surviving limited liability company in Merger 2 (sometimes referred to herein as the “Surviving Entity”).
The limited liability company agreement of Merger Sub 2 in effect immediately prior to the Merger 2 Effective Time will continue to be the limited liability company agreement of the Surviving Company until thereafter changed or amended as provided therein or by applicable Law.