Examples of Merger Effective Time in a sentence
Each share of Company Common Stock issued and outstanding immediately prior to the Company Merger Effective Time, other than any Excluded Shares, any Rollover Shares and any Dissenting Shares, shall be cancelled and shall cease to exist and shall be converted automatically into the right to receive $27.50 in cash per Share, without interest (the “Company Merger Consideration”).
Each Manager Membership Interest owned by the Company or Manager immediately prior to the Manager Merger Effective Time (collectively, the “Excluded Manager Membership Interests”) shall be unaffected by the Manager Merger and shall remain outstanding as a unit of the Surviving Manager and no payment or distribution shall be made with respect thereto.
From and after the Manager Merger Effective Time, holders of Manager Membership Interests shall cease to have any rights as equityholders of Manager, except as provided herein or by Law, including the right to receive the Merger Consideration payable in accordance with this Article III.
The limited liability company units of Manager Merger Sub issued and outstanding immediately prior to the Manager Merger Effective Time shall be automatically cancelled.
From and after the OpCo Merger Effective Time, holders of OpCo Membership Interests shall cease to have any rights as equityholders or OpCo, except as provided herein or by Law, including the right to receive the Merger Consideration payable in accordance with this Article III.