Common use of Managers and Officers Clause in Contracts

Managers and Officers. (i) The manager of Merger Sub at the Effective Time shall, from and after the Effective Time, be the manager of the Surviving Entity, until such manager’s successor has been duly elected or appointed and qualified or until such manager’s earlier death, resignation or removal. Subsequent elections of the manager by the Surviving Entity shall be conducted in accordance with the provisions of the Surviving Entity’s operating agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cingulate Inc.)

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Managers and Officers. (i) The manager directors and officers of Merger Sub at the Effective Time shall, from and after the Effective Time, shall be the manager managers and officers, respectively, of the Surviving EntityEntity following the Merger until the earlier of their death, resignation or removal or until such manager’s successor has been their respective successors are duly elected or appointed and qualified or until such manager’s earlier death, resignation or removal. Subsequent elections of the manager by the Surviving Entity shall be conducted in accordance with the provisions of the Surviving Entity’s operating agreementqualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mothers Work Inc)

Managers and Officers. (ia) The manager managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be the manager managers of the Surviving Entity, Company until such manager’s successor has their successors shall have been duly elected or appointed and qualified or until such manager’s their earlier death, resignation or removal. Subsequent elections of the manager by the Surviving Entity shall be conducted removal in accordance with the provisions certificate of formation and the limited liability company agreement of the Surviving Entity’s operating agreementCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PHC Inc /Ma/)

Managers and Officers. (ia) The manager managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be become the manager managers of the Surviving Entity, Company until such manager’s successor has their successors shall have been duly elected elected, appointed or appointed and qualified or until such manager’s their earlier death, resignation or removal. Subsequent elections of the manager by the Surviving Entity shall be conducted removal in accordance with the provisions limited liability company agreement of the Surviving Entity’s operating agreementCompany and Applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (ZAIS Financial Corp.)

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Managers and Officers. (ia) The manager managers of Merger Sub at the Effective Time shall, from and after the Effective Time, be become the manager managers of the Surviving Entity, Entity until such manager’s successor has their successors shall have been duly elected elected, appointed or appointed and qualified or until such manager’s their earlier death, resignation or removal. Subsequent elections of the manager by the Surviving Entity shall be conducted removal in accordance with the provisions limited liability company agreement of the Surviving Entity’s operating agreementEntity and applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Allied Security Holdings LLC)

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