Common use of The Basic Transaction Clause in Contracts

The Basic Transaction. On the terms and subject to the conditions of this Agreement, at the Effective Time, Merger Sub shall be merged with and into the Company in accordance with this Agreement, and the separate corporate existence of Merger Sub shall thereupon cease (the "Merger"). The Company shall be the surviving corporation in the Merger (sometimes hereinafter referred to as the "Surviving Corporation"), and shall become a wholly owned subsidiary of Parent. The Merger shall have the effects specified in the Colorado Business Corporation Act (the "CBCA").

Appears in 4 contracts

Sources: Merger Agreement (Engineering Measurements Co), Merger Agreement (Advanced Energy Industries Inc), Agreement and Plan of Reorganization (Advanced Energy Industries Inc)