Common use of Certificate Delivery Requirements Clause in Contracts

Certificate Delivery Requirements. At the Effective Time, the --------------------------------- Shareholders shall deliver to CCC the certificates (the "Certificates") ------------ representing Company Common Stock owned by them, accompanied by blank stock powers duly executed by each respective Shareholder and with all necessary transfer tax and other revenue stamps, acquired at the Shareholder's expense, affixed and canceled. Each Shareholder shall promptly cure any deficiencies with respect to the stock powers accompanying such Certificates. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.4(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of CCC Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporate Laws.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp)

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Certificate Delivery Requirements. At the Effective Time, the --------------------------------- Shareholders Stockholders shall deliver to CCC the certificates (the "Certificates") ------------ representing Company Common Stock owned by them, accompanied by blank stock powers duly executed by each respective Shareholder Stockholder and with all necessary transfer tax and other revenue stamps, acquired at the ShareholderStockholder's expense, affixed and canceled. Each Shareholder Stockholder shall promptly cure any deficiencies with respect to the stock powers accompanying such Certificates. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.4(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of CCC Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporate Laws.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp)

Certificate Delivery Requirements. At the Effective Time, the --------------------------------- Shareholders Stockholders shall deliver to CCC the certificates (the "Certificates") ------------ representing Company Common Stock owned by them, accompanied by blank stock powers duly executed by each respective Shareholder Stockholder and with all necessary transfer tax and other revenue stamps, acquired at the ShareholderStockholder's expense, affixed and canceled. Each Shareholder Stockholder shall promptly cure any deficiencies with respect to the stock powers accompanying such Certificates. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.4(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the cash and number of shares of CCC Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporate Laws.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)

Certificate Delivery Requirements. At the Effective Time, the --------------------------------- Shareholders shall deliver to CCC the certificates (the "Certificates") ------------ representing Company Common Stock owned by them, accompanied by blank stock powers duly executed by each respective Shareholder and with all necessary transfer tax and other revenue stamps, acquired at the Shareholder's expense, affixed and canceled. Each Shareholder shall promptly cure any deficiencies with respect to the stock powers accompanying such Certificates. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.4(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of CCC Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporate Laws.. (c)

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)

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Certificate Delivery Requirements. At the Effective Time, the --------------------------------- Shareholders Stockholder shall deliver to CCC the certificates (the "Certificates") ------------ representing Company Common Stock owned by themStock, accompanied by ------------- blank stock powers duly executed by each respective Shareholder the Stockholder and with all necessary transfer tax and other revenue stamps, acquired at the ShareholderStockholder's expense, affixed and canceled. Each Shareholder The Stockholder shall promptly cure any deficiencies with respect to the stock powers accompanying such Certificates. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.4(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of CCC Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporate Corporation Laws.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)

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