Common use of Closing of Stock Transfer Books Clause in Contracts

Closing of Stock Transfer Books. At the Effective Time, the stock transfer books of Target shall be closed and there shall thereafter be no transfers of shares of Target Stock on the books or records of Target, and if any shares of Target Stock are thereafter presented to Company or the Exchange Agent for transfer, such shares shall be canceled against delivery of that portion of the Merger Consideration, and any other amounts, issuable or payable in respect thereof as herein provided. Until duly surrendered to the Exchange Agent in accordance with the provisions of this Agreement, Certificates and Book-Entry Shares shall, at and after the Effective Time, evidence and represent only the right to receive that portion of the Merger Consideration, and any other amounts, issuable or payable in respect thereof (or the Target Common Stock previously represented thereby) in accordance with this Agreement. No dividends or other distributions payable or distributable on or with respect to shares of Company Common Stock that are issued or issuable in connection with the Merger in accordance with this Agreement will be remitted to any Person entitled to receive such shares of Company Common Stock until such Person surrenders his or her Certificate(s) previously representing the shares of Target Common Stock converted into such Company Common Stock, or his or her Book-Entry Shares converted into such Company Common Stock, as applicable, at which time such dividends and other distributions shall be remitted to such Person, without interest. No interest will be paid or will accrue on any amounts issuable or payable to holders of Target Common Stock in accordance with this Agreement.

Closing of Stock Transfer Books. At the Effective Time, the stock transfer books of Target Bancorp shall be closed and there shall thereafter be no further transfers of shares of Target Bancorp Stock on the books or records of TargetBancorp, and and, if any shares of Target Bancorp Stock are thereafter presented to Company SmartFinancial or the Exchange Agent for transfer, such shares shall be canceled cancelled against delivery of that portion of the Merger Consideration, and any other amounts, Consideration payable or issuable or payable in respect thereof as herein provided. Until duly surrendered to the Exchange Agent in accordance with the provisions of this Agreement, Certificates and Book-Entry Shares shall, at and after the Effective Time, evidence and represent only the right to receive that portion of the Merger Consideration, and any other amounts, Consideration payable or issuable or payable in respect thereof (or the Target Bancorp Common Stock previously represented thereby) in accordance with this Agreement. No dividends or other distributions payable or distributable on or with respect to shares of Company SmartFinancial Common Stock that are issued or issuable in connection with the Parent Merger in accordance with this Agreement will be remitted to any Person entitled to receive such shares of Company SmartFinancial Common Stock until such Person surrenders his or her Certificate(s) previously representing the shares of Target Bancorp Common Stock converted into such Company SmartFinancial Common Stock, or his or her Book-Entry Shares converted into such Company SmartFinancial Common Stock, as applicable, at which time such dividends and other distributions shall be remitted to such Person, without interest. No interest will be paid or will accrue on any amounts issuable or payable to holders of Target Bancorp Common Stock under or in accordance with this Agreement.

Closing of Stock Transfer Books. At the Effective Time, the stock transfer books of Target Charter shall be closed and there shall thereafter be no further transfers of shares of Target Charter Stock on the books or records of TargetCharter, and and, if any shares of Target Charter Stock are thereafter presented to Company Citizens or the Exchange Agent for transfer, such shares shall be canceled cancelled against delivery of that portion of the Merger Consideration, and any other amounts, Consideration payable or issuable or payable in respect thereof as herein provided. Until duly surrendered to the Exchange Agent in accordance with the provisions of this Agreement, Certificates and Book-Entry Shares shall, at and after the Effective Time, evidence and represent only the right to receive that portion of the Merger Consideration, and any other amounts, Consideration payable or issuable or payable in respect thereof (or the Target Charter Common Stock previously represented thereby) in accordance with this Agreement. No dividends or other distributions payable or distributable on or with respect to shares of Company Citizens Common Stock that are issued or issuable in connection with the Merger in accordance with this Agreement will be remitted to any Person entitled to receive such shares of Company Citizens Common Stock until such Person surrenders his or her Certificate(s) previously representing the shares of Target Charter Common Stock converted into such Company Citizens Common Stock, or his or her Book-Entry Shares converted into such Company Citizens Common Stock, as applicable, at which time such dividends and other distributions shall be remitted to such Person, without interest. No interest will be paid or will accrue on any amounts issuable or payable to holders of Target Charter Common Stock under or in accordance with this Agreement.