EXCEPTION SHARES Sample Clauses
EXCEPTION SHARES. Each of the Exception Shares of Company Common Stock shall be canceled and retired upon consummation of the Merger, and no consideration shall be issued in exchange therefor.
EXCEPTION SHARES. 8 2.7 RESERVATION OF RIGHT TO REVISE TRANSACTION.........................8 2.8 OPTIONS............................................................8
EXCEPTION SHARES. Exception Shares" mean any shares of WesterFed Common Stock held by Glacier or any of its Subsidiaries or WesterFed or any of its Subsidiaries, in any case other than in a fiduciary capacity or as a result of debts previously contracted. Each of the Exception Shares of WesterFed Common Stock will be canceled and retired upon consummation of the Merger, and no consideration shall be issued in exchange therefor.
EXCEPTION SHARES. At the Effective Time, each Exception Share owned by Parent or the Company or their respective subsidiaries will be canceled and retired and will cease to exist, and no consideration will be delivered in exchange therefor. “Exception Share” means a share of Company Common Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by Parent, the Company or a subsidiary of either.
EXCEPTION SHARES. 10 1.14 Reservation Of Right To Revise Structure.....................................10 1.15
EXCEPTION SHARES. At the Effective Time, (1) each Exception Share owned by Parent or the Company or their respective subsidiaries shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor, and (2) each Exception Share held by any direct or indirect wholly owned subsidiary of Parent or the Company shall be converted into the right to receive the Exchange Ratio. “Exception Share” means a share of Company Common Stock or Company Series A Preferred Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by Parent, the Company or a subsidiary of either.
EXCEPTION SHARES. 7 2.7 DISSENTING SHARES......................................................7 2.8 RESERVATION OF RIGHT TO REVISE TRANSACTION.............................8 2.9 OPTIONS................................................................8
EXCEPTION SHARES. 7 2.4 RESERVATION OF RIGHT TO REVISE TRANSACTION.......................... 8 ARTICLE III.
EXCEPTION SHARES. 8 2.4 RESERVATION OF RIGHT TO REVISE TRANSACTION............... 8 ARTICLE III. ACTIONS PENDING CONSUMMATION 9 3.1 CAPITAL STOCK............................................ 9 3.2
EXCEPTION SHARES. At the Effective Time, (1) each Exception Share owned by Parent or the Company shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor, and (2) each Exception Share held by any direct or indirect wholly owned subsidiary of Parent or the Company shall be converted into the right to receive the Per Share Stock Consideration. The Per Share Stock Consideration payable pursuant to this Section 2.1(g) shall not be subject to, and will not be deemed to be Stock Election Shares or otherwise taken into account in calculating, adjustments under Section 2.1(e). “Exception Share” means a share of Company Common Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by Parent, the Company or a subsidiary of either.