COVENANTS OF MERGERSUB Clause Samples

The "Covenants of MergerSub" clause sets out the specific promises and obligations that the MergerSub entity must fulfill during the period leading up to the completion of a merger transaction. Typically, these covenants require MergerSub to take certain actions, refrain from others, or maintain its corporate existence and good standing, ensuring it is able to consummate the merger as planned. For example, MergerSub may be required not to engage in activities outside the scope of the merger or to provide necessary information to the parent company or regulators. The core function of this clause is to ensure that MergerSub remains compliant and operationally ready, thereby reducing risks and uncertainties that could jeopardize the successful closing of the merger.
COVENANTS OF MERGERSUB. MergerSub agrees that:
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COVENANTS OF MERGERSUB. Section 6.01.
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COVENANTS OF MERGERSUB. Section 6.1.
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COVENANTS OF MERGERSUB 
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Related to COVENANTS OF MERGERSUB

  • Covenants of Parent Parent agrees that:

  • Operations of Merger Sub Merger Sub is a direct, wholly owned subsidiary of Parent, was formed solely for the purpose of engaging in the transactions contemplated by this Agreement, has engaged in no other business activities and has conducted its operations only as contemplated by this Agreement.

  • Capitalization of Merger Sub The authorized capital stock of Merger Sub consists solely of 1,000 shares of common stock, par value $0.01 per share, all of which are validly issued and outstanding. All of the issued and outstanding capital stock of Merger Sub is, and at the Effective Time will be, owned by Parent or a direct or indirect wholly-owned Subsidiary of Parent. Merger Sub has not conducted any business prior to the date hereof and has no, and prior to the Effective Time will have no, assets, liabilities or obligations of any nature other than those incident to its formation and pursuant to this Agreement and the Merger and the other transactions contemplated by this Agreement.

  • Interim Operations of Merger Sub Merger Sub was formed solely for the purpose of engaging in the transactions contemplated by this Agreement, has engaged in no other business activities and has conducted its operations only as contemplated by this Agreement.

  • Effects of Merger The Merger shall have the effects provided in this Agreement and as set forth in the DGCL.