Delivery of HDS Stock. At or immediately after the Effective Time of --------------------- the Merger: (i) the STOCKHOLDERS, as the holders of all outstanding certificates representing shares of COMPANY Stock, shall, upon surrender of such certificates, be entitled to receive the number of shares of HDS Stock and the amount of cash calculated pursuant to Section 2.1 above; and (ii) until the certificates representing COMPANY Stock have been surrendered by the STOCKHOLDERS and replaced by the HDS Stock, the certificates for COMPANY Stock shall, for all corporate purposes, be deemed to evidence the ownership of the number of shares of HDS Stock and cash which such STOCKHOLDER is entitled to receive as a result of the Merger, as set forth in Section 2.1, notwithstanding the number of shares of COMPANY Stock such certificates represent.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Hospitality Design & Supply Inc), Merger Agreement (Hospitality Design & Supply Inc), Merger Agreement (Hospitality Design & Supply Inc)
Delivery of HDS Stock. At or immediately after the Effective Time of --------------------- the Merger:: ---------------------
(i) the STOCKHOLDERS, as the holders of all outstanding certificates representing shares of COMPANY Stock, shall, upon surrender of such certificates, be entitled to receive the number of shares of HDS Stock and the amount of cash calculated pursuant to under Section 2.1 above; and
(ii) until the certificates representing COMPANY Stock have been surrendered by the STOCKHOLDERS and replaced by the HDS Stock, the certificates for COMPANY Stock shall, for all corporate purposes, be deemed to evidence the ownership of the number of shares of HDS Stock and cash which such STOCKHOLDER is entitled to receive as a result of the Merger, as set forth in Section 2.1, notwithstanding the number of shares of COMPANY Stock such certificates represent.
Appears in 1 contract