Common use of Conversion of Company Stock Clause in Contracts

Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares to be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares) shall be automatically cancelled and cease to be an issued and outstanding share of Company Stock and be converted into the right to receive per share consideration (the “Merger Consideration”) in cash in the amount of $1.85.

Appears in 2 contracts

Samples: Merger Agreement (Optio Software Inc), Merger Agreement (Bottomline Technologies Inc /De/)

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Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding Each share of Company Stock issued and outstanding immediately prior to the Effective Time (other than (x) shares to be cancelled in accordance with canceled pursuant to Section 2.2(a2.05(c) and any Company (y) Dissenting Shares) shall be automatically cancelled shall, at the Effective Time, by virtue of the Merger and cease to be an issued and outstanding share without any action on the part of Company Stock and the holder thereof, be converted into the right to receive per cash from Parent in an amount equal to the Per Share Merger Consideration payable to the holder thereof, without interest thereon, upon the surrender of the certificate previously representing such share consideration (the “Merger Consideration”) in cash in the amount of $1.85Company Common Stock.

Appears in 2 contracts

Samples: Merger Agreement (Hospitality Properties Trust), Merger Agreement (Travelcenters of America LLC)

Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares to be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares)) shall be automatically cancelled canceled and cease to be an issued and outstanding share of Company Stock and (except for Company Dissenting Shares) be converted solely into the right to receive per share consideration (the “Merger Consideration”) in cash in the amount of $1.8537.50, without interest.

Appears in 2 contracts

Samples: Merger Agreement (Glaxosmithkline PLC), Merger Agreement (CNS Inc /De/)

Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares to be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares) shall be automatically cancelled canceled and cease to be an issued and outstanding share of Company Stock and be converted into the right to receive per share consideration (the “Merger Consideration”) in cash in the amount of $1.8532.25.

Appears in 1 contract

Samples: Merger Agreement (Community First Bankshares Inc)

Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares that will converted into the right to receive the consideration determined under Section 12.2(a), shares that will be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares) shall be automatically cancelled canceled and cease to be an issued and outstanding share of Company Stock and be converted into the right to receive per share consideration (the “Merger Consideration”) in cash in the amount of $1.8512.45.

Appears in 1 contract

Samples: Merger Agreement (RTW Inc /Mn/)

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Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares to be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares) shall be automatically cancelled canceled and cease to be an issued and outstanding share of Company Stock and be converted into the right to receive per share consideration (the "Merger Consideration") in cash in the amount of $1.8532.25.

Appears in 1 contract

Samples: Merger Agreement (Bancwest Corp/Hi)

Conversion of Company Stock. At the Effective Time of the Merger, each issued and outstanding share of Company Stock (other than shares to be cancelled in accordance with Section 2.2(a) and any Company Dissenting Shares)) shall be automatically cancelled canceled and cease to be an issued and outstanding share of Company Stock and be converted into the right to receive per share consideration (the “Merger Consideration”) in cash in the amount of $1.8534.00.

Appears in 1 contract

Samples: Merger Agreement (Bancwest Corp/Hi)

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