Common use of Status and Conversion of Shares Clause in Contracts

Status and Conversion of Shares. The mode of carrying into effect the merger provided in this Merger Agreement, and the manner and basis of converting the shares of PBI stock to shares of TFIN stock are as follows: At the Effective Time by virtue of the merger and without any action on the part of the holders thereof:

Status and Conversion of Shares. The mode of carrying into effect the merger provided in this Merger Agreement, and the manner and basis of converting the shares of PBI CBI stock to shares of TFIN stock are as follows: At the Effective Time by virtue of the merger and without any action on the part of the holders thereof: