Common use of Merger Sub Stock Clause in Contracts

Merger Sub Stock. At the Effective Time, each share of common stock, no par value, of Merger Sub outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Parent, be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, no par value, of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Esoft Inc), And Restated Agreement and Plan of Merger (Esoft Inc)

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Merger Sub Stock. At and after the Effective Time, each share of the common stock, no par value, of Merger Sub (the “Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Parent, shall be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, no par value, of the Interim Surviving CorporationEntity.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Firstsun Capital Bancorp), Agreement and Plan of Merger (HomeStreet, Inc.)

Merger Sub Stock. At the Effective Time, each share of common stock, no par value, stock of the Merger Sub outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Parentthe Parent or the Company, be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, no par value, stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Dj Holdings Inc)

Merger Sub Stock. At the Effective Time, each share of common stock, no $.001 par value, of Merger Sub outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Parent, be converted into and exchanged for one validly issued, fully paid and non-assessable share of common stock, no par value, of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Panoramic Care Systems Inc)

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Merger Sub Stock. At the Effective Time, each Each share of common stock, no par value, of Merger Sub issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Parentthe holder thereof, automatically be converted into and exchanged for thereafter represent one (1) validly issued, fully paid and non-assessable share of nonassessable common stockshare, no par valuevalue $0.01 per share, of the Surviving Corporation, so that thereafter Parent will be the sole and exclusive owner of the capital stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tegal Corp /De/)

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