Common use of Statutory Merger Clause in Contracts

Statutory Merger. Upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the IBCA, at the Effective Time (as hereinafter defined), Merger Corp shall be merged with and into National Cabling, which shall survive and continue and be governed by the laws of the State of Illinois (the "Merger"). As a result of the Merger, Merger Corp shall disappear and its separate corporate existence shall thereupon cease and National Cabling shall continue as the surviving corporation and succeed to and assume all of the rights and obligations of Merger Corp in accordance with the IBCA. National Cabling, Lite King, and Merge Corp are sometimes referred to herein as the "Constituent Corporations," and National Cabling is sometimes referred to herein as the "Surviving Corporation."