Common use of Exchange of Shares for Merger Consideration Clause in Contracts

Exchange of Shares for Merger Consideration. At the Effective Time, the Shares issued and outstanding immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each certificate previously evidencing any such Shares (the “Certificates”) shall thereafter represent the right to receive only the Merger Consideration.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Dataram Corp), Agreement and Plan of Merger (Dataram Corp), Agreement and Plan of Merger (Dataram Corp)

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Exchange of Shares for Merger Consideration. At the Effective Time, the Shares issued and outstanding immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each certificate previously evidencing any such Shares (the “Certificates”) shall thereafter represent the right to receive only the Merger Consideration.

Appears in 2 contracts

Samples: Merger Agreement (Pershing Gold Corp.), Merger Agreement (Valor Gold Corp.)

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Exchange of Shares for Merger Consideration. At the Effective Time, the Shares each Share issued and outstanding immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each certificate previously evidencing any such Shares (the “Certificates”) shall thereafter represent the right to receive only the applicable portion of the Merger Consideration.

Appears in 1 contract

Samples: Merger Agreement (Customer Acquisition Network Holdings, Inc.)

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