Common use of Stock of Subsidiary Clause in Contracts

Stock of Subsidiary. Each share of capital stock of Subsidiary issued and outstanding immediately prior to the Effective Date shall thereupon be converted into and become one share of Common Stock of the Surviving Corporation. Each such share of Common Stock issued pursuant to this Section 2.1 shall be fully-paid and non-assessable.

Stock of Subsidiary. Each share of capital stock of Subsidiary issued and outstanding immediately prior to the Effective Date shall thereupon be converted into and become one share of Common Stock of the Surviving Corporation. Each such share of Common Stock issued pursuant to this Section 2.1 shall be fully-paid and non-assessablenonassessable.