Common use of After the Effective Time Clause in Contracts

After the Effective Time. (a) The holders of the outstanding certificate or certificates which prior thereto represented shares of First Midlothian Common Stock may surrender same to Resulting Entity, and each shall be entitled upon such surrender to receive from Surety Bank in exchange therefor, without cost to such holders, the amount determined by dividing the Consideration by the number of shares of First Midlothian Common Stock outstanding at the Effective Time and multiplying such result by the number of shares of First Midlothian Common Stock represented by such outstanding certificate or certificates surrendered.