Conversion of Merger Sub Common Stock. Each of the shares of the common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger, automatically and without any action on the part of Parent, become and be converted into one share of Company Common Stock.
Appears in 2 contracts
Sources: Merger Agreement (Firstcity Financial Corp), Merger Agreement (Firstcity Financial Corp)
Conversion of Merger Sub Common Stock. Each At the Effective Time, each of the shares of the common capital stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger, automatically and without any action on the part of Parent, become and be converted into one share of Company Class A Common Stock, which shall thereafter constitute all of the issued and outstanding shares of the capital stock of the Surviving Corporation.
Appears in 2 contracts
Sources: Merger Agreement (Oxford Resources Corp), Merger Agreement (Barnett Banks Inc)
Conversion of Merger Sub Common Stock. Each share of the shares of the common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger, automatically Merger and without any action on the part of the holder thereof, Parent, become and Merger Sub or the Company be converted into and become one fully paid and nonassessable share of Company Common Stockcommon stock of the Surviving Company.
Appears in 1 contract
Conversion of Merger Sub Common Stock. Each of At the shares of the common stock Effective Time, each share of Merger Sub Common Stock then issued and outstanding immediately prior to the Effective Time shalloutstanding, by virtue of the Merger, automatically and without any action on the part of Parentthe holder thereof, shall automatically become and be converted into one share of Company Common StockStock of the Surviving Corporation.
Appears in 1 contract
Sources: Merger Agreement (Real Software Acquisition Sub 1 Inc)
Conversion of Merger Sub Common Stock. Each of the shares of the common stock stock, par value $.01 per share, of Merger Sub ("Merger Sub Common Stock") issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger, automatically and without any action on the part of Parent, become and be converted into one share of Company Common Stock.shall be
Appears in 1 contract
Sources: Merger Agreement (Security First Technologies Corp)