Examples of Second Merger Agreement in a sentence
Immediately following the consummation of the Merger, upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the DGCL and the Indiana Business Corporation Law (“IBCL”), if the 368 Opinions are delivered prior to the Effective Time in accordance with Section 5.11, the Initial Surviving Corporation will be merged with and into Anthem pursuant to the Second Merger Agreement.
Count V alleges that the District’s Board had no authority to enter into the Second Merger Agreement and that the Board’s approval of that agreement is therefore Ultra Vires.
Immediately following the consummation of the Merger, upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the DGCL and the Delaware Limited Liability Company Act (the “ DLLCA”), the Initial Surviving Corporation will be merged with and into Second Merger Sub pursuant to the Second Merger Agreement.
Consequently, there is no “real and substantial controversy” concerning the Board’s authorization of the Second Merger Agreement nor any practical effect which flows from that authorization.
Immediately after entering into this Agreement, Spirit and CNC Delaware shall enter into the Second Merger Agreement.
Therefore, a declaration that the Board had no authority to approve the Second Merger Agreement would not change the legality of the merger.
Even if it is true that the Board had no authority to negotiate or approve the Second Merger Agreement, however, there is no relief that is available.