Common use of Distributions with Respect to Unexchanged Shares of Parent Common Stock Clause in Contracts

Distributions with Respect to Unexchanged Shares of Parent Common Stock. No dividends or other distributions declared or made with respect to shares of Parent Common Stock, with a record date after the Effective Time, shall be paid to the holder of any unsurrendered Certificate, unless and until the holder of such Certificate shall surrender such Certificate. Subject to the effect of abandoned property, escheat or other applicable Laws, following surrender of any such Certificate, there shall be paid to such holder of the certificates representing whole shares of Parent Common Stock issuable in exchange therefor, without interest, (i) promptly, the amount of dividends or other distributions with a record date at or after the Effective Time theretofore paid with respect to such whole shares of Parent Common Stock and (ii) at the appropriate payment date, the amount of dividends or other distributions, with a record date at or after the Effective Time but prior to such surrender and a payment date subsequent to such surrender, payable with respect to such whole shares of Parent Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tween Brands, Inc.), Agreement and Plan of Merger (Dress Barn Inc)

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Distributions with Respect to Unexchanged Shares of Parent Common Stock. No dividends or other distributions declared or made after the Effective Time with respect to shares of Parent Common Stock, Stock with a record date after the Effective Time, Time shall be paid to the holder of any unsurrendered Certificate, unless and Certificate with respect to the shares of Parent Common Stock represented thereby until the holder of such Certificate shall surrender such Certificate. Subject to the effect of abandoned propertyescheat, escheat tax or other applicable Laws, following surrender of any such Certificate, there shall be paid to such the holder of the certificates representing whole shares of Parent Common Stock issuable issued in exchange therefor, without interest, (i) promptly, the amount of dividends or other distributions with a record date at or after the Effective Time and theretofore paid with respect to such whole shares of Parent Common Stock Stock, and (ii) at the appropriate payment date, the amount of dividends or other distributions, with a record date at or after the Effective Time but prior to such surrender and a payment date subsequent to such occurring after surrender, payable with respect to such whole shares of Parent Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Caremark Rx Inc)

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Distributions with Respect to Unexchanged Shares of Parent Common Stock. No dividends or other distributions declared or made with in respect to shares of New Parent Common Stock, Stock with a record date after the Effective Time, Time shall be paid to the holder of any unsurrendered Parent Certificate, unless and until the holder of such Parent Certificate shall surrender such Parent Certificate. Subject to the effect of abandoned property, escheat or other applicable Laws, following surrender of any such Parent Certificate, there shall be paid to such the holder of the certificates representing whole shares of New Parent Common Stock issuable in exchange therefor, without interest, (i) promptly, the amount of dividends or other distributions with a record date at or after the Effective Time theretofore paid with respect to such whole shares of New Parent Common Stock Stock, and (ii) at the appropriate payment date, the amount of dividends or other distributions, distributions with a record date at or after the Effective Time but prior to such surrender and a payment date subsequent to such surrender, surrender payable with respect to such whole shares of New Parent Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bill Barrett Corp)

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