Status and Conversion of Securities. The manner and basis of converting the shares of the capital stock of the Company and Purchaser (and rights to acquire common stock) and the amount of consideration which the holders of the Company Common Shares (or holders of options or warrants to acquire company common shares) are to receive in exchange for such securities are as follows:
Status and Conversion of Securities. At the Closing Date and upon the effectiveness of the Merger:
Status and Conversion of Securities. The status of the outstanding ----------------------------------- capital stock of each of the Constituent Corporations and the manner and basis of converting the shares of capital stock of each of the Constituent Corporations into or for shares of capital stock of the Surviving Corporation or into or for Parent Shares or cash (for fractional shares), as the case may be, at the Effective Time shall be as follows:
Status and Conversion of Securities. At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof:
Status and Conversion of Securities. The manner of converting or canceling the Capital Securities of the Company and Merger Sub in the Merger shall be as set forth below in this Section 2.4.
Status and Conversion of Securities. The manner of converting or canceling the limited liability company interests of the Company and Merger Sub in the Merger shall be as set forth below. At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof:
Status and Conversion of Securities. 12 Section 3.2
Status and Conversion of Securities. The manner and basis of converting the shares of the capital stock of STR and the nature and amount of securities of SMF which the holders of shares of STR common stock are to receive in exchange for such shares are as follows:
Status and Conversion of Securities. The manner and basis of converting the OMA Membership Interest and the 1 Touch Membership Interests, and the nature and amount of the membership interests of the Surviving Company which the holders of shares of OMA are to receive in exchange for the OMA Membership Interest are as follows:
Status and Conversion of Securities. Each one share of common stock of the Parent which shall be issued and outstanding immediately before the Effective Date shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted at the Effective Date into one fully paid share of common stock of the Surviving Corporation. Certificates representing shares of common stock of the Parent issued and outstanding prior to the Effective Date shall thereafter represent shares of common stock of the Surviving Corporation; provided, however, that such certificates may, but need not be, exchanged by the holders thereof after the Effective Date for the appropriate number of shares bearing the name of the Surviving Corporation. Certificates representing shares of common stock of the Subsidiary issued and outstanding prior to the Effective Date shall forthwith cease to exist and shall be cancelled.
