Common use of Certificate Delivery Requirements Clause in Contracts

Certificate Delivery Requirements. At the Effective Time, the Stockholder shall deliver to USFloral the certificates (the "Certificates") representing Company Common Stock, accompanied by blank stock powers duly executed by the Stockholder and with all necessary transfer tax and other revenue stamps, acquired at the Stockholder's expense, affixed and canceled. 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 2.3(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 USFloral Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporation Laws.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc), Agreement and Plan of Reorganization (U S a Floral Products Inc)

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Certificate Delivery Requirements. At the Effective Time, the Stockholder Stockholders shall deliver to USFloral the certificates (the "Certificates") representing Company Partner Common Stock, accompanied by blank stock powers duly executed by the Stockholder Stockholders and with all necessary transfer tax and other revenue stamps, acquired at the Stockholder's Stockholders' expense, affixed and canceled. The Stockholder Stockholders 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 2.3(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 USFloral Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporation Laws.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)

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Certificate Delivery Requirements. At the Effective Time, the Stockholder Stockholders shall deliver to USFloral the certificates (the "Certificates") representing Company Common Stock, accompanied by blank stock powers duly executed by the Stockholder Stockholders and with all necessary transfer tax and other revenue stamps, acquired at the Stockholder's Stockholders' expense, affixed and canceled. The Stockholder Stockholders 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 2.3(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 USFloral Common Stock and the amount of cash as provided by this Article 2 and the applicable provisions of the State Corporation Laws.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)

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