Common use of Exchange Procedures for Shares of Company Common Stock Clause in Contracts

Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, each holder of an outstanding certificate or certificates which prior thereto represented shares of Company Common Stock shall, upon surrender to the Exchange Agent of such certificate or certificates and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Stock, if any, to be retained by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreement. The Exchange Agent shall accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall be no further transfer on the records of the Company or its transfer agent of certificates representing shares of Company Common Stock which have been converted, in whole or in part, pursuant to this Agreement into the right to receive cash, and if such certificates are presented to the Company for transfer, they shall be cancelled against delivery of cash and, if appropriate, certificates for retained Company Common Stock. If any certificate for such Company Common Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for Company Common Stock surrendered for exchange is registered, it shall be a condition of such exchange or payment that the certificate so surrendered shall be properly endorsed, with signature guaranteed, or otherwise in proper form for transfer and that the person requesting such exchange or payment shall pay to the Company or its transfer agent any transfer or other taxes required by reason of the issuance of certificates for Company Common Stock pursuant hereto in a name other than that of, or payment to a person other than, the registered holder of the certificate surrendered, or establish to the satisfaction of the Company or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b), each certificate for shares of Company Common Stock shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.1. No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of Company Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Amscan Holdings Inc), Agreement and Plan of Merger (Confetti Acquisition Inc)

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Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, each holder of an outstanding certificate or certificates which prior thereto represented shares of Company Common Stock shall, upon surrender to the Exchange Agent of such certificate or certificates and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Stock, if any, to be retained by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreement. The Exchange Agent shall accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall be no further transfer on the records of the Company or its transfer agent of certificates representing shares of Company Common Stock which have been converted, in whole or in part, pursuant to this Agreement into the right to receive cash, and if such certificates are presented to the Company for transfer, they shall be cancelled against delivery of cash and, if appropriate, certificates for retained Company Common Stock. If any certificate for such retained Company Common Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for Company Common Stock surrendered for exchange is registered, it shall be a condition of such exchange or payment that the certificate so surrendered shall be properly endorsed, with signature guaranteed, or otherwise in proper form for transfer and that the person requesting such exchange or payment shall pay to the Company or its transfer agent any transfer or other taxes required by reason of the issuance of certificates for such retained Company Common Stock pursuant hereto in a name other than that of, or payment to a person other than, of the registered holder of the certificate surrendered, or establish to the satisfaction of the Company or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b2.7(b), each certificate for shares of Company Common Stock shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.1. No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of retained Company Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (TCW Group Inc), Agreement and Plan of Merger (KCLC Acquisition Corp)

Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, Parent shall cause the Exchange Agent to transmit to each holder of record of a certificate that immediately prior to the Effective Time represented Company Shares (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to such certificates shall pass, only upon proper delivery of the certificates to the Exchange Agent and shall be in customary form) and (ii) instructions for use in effecting the surrender of such certificates in exchange for the Merger Consideration. Each holder of an outstanding certificate or certificates which immediately prior thereto to the Effective Time represented shares of Company Common Stock Shares shall, upon surrender to the Exchange Agent of such certificate or certificates in accordance with such letter of transmittal, duly executed, and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Parent Stock, if any, to be retained received by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number payable in lieu of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreementany fractional shares. The Exchange Agent shall will accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall will be no further transfer on the records of the Company Surviving Corporation or its transfer agent of certificates representing shares of Company Common Stock Shares which have been converted, in whole or in part, converted pursuant to this Agreement into the right to receive cashthe Merger Consideration, and if such certificates immediately prior to the Effective Time represented Company Shares are presented to the Company Surviving Corporation for transfer, they shall will be cancelled canceled against delivery of cash and, if appropriate, certificates for retained Company Common StockParent Stock (and cash to the extent required by Section 1.09(e)). If any certificate for such Company Common Parent Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for that formerly represented Company Common Stock Shares surrendered for exchange is registered, it shall will be a condition of such exchange or payment that the certificate so surrendered shall will be properly endorsed, with signature guaranteed, or otherwise in proper form for transfer and that the person requesting such exchange or payment shall will pay to the Company Surviving Corporation or its transfer agent any transfer or other taxes required by reason of the issuance of certificates for Company Common such Parent Stock pursuant hereto in a name other than that of, or payment to a person other than, of the registered holder of the certificate surrendered, or establish to the satisfaction of the Company Surviving Corporation or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b1.09(b), each certificate for shares of that formerly represented Company Common Stock shall Shares which have been converted into the right to receive the Merger Consideration will be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.11.08 and Section 1.09(e). No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of Company Common Parent Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Avnet Inc)

Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, each holder of an outstanding certificate or certificates which prior thereto represented shares of Company Common Stock shall, upon surrender to the Exchange Agent of such certificate or certificates and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Stock, if any, to be retained by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreement. The Exchange Agent shall accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall be no further transfer on the records of the Company or its transfer agent of certificates representing shares of Company Common Stock which have been converted, in whole or in part, pursuant to this Agreement into the right to receive cash, and if such certificates are presented to the Company for transfer, they shall be cancelled against delivery of cash and, if appropriate, certificates for retained Company Common Stock. If any certificate for such Company Common Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for Company Common Stock surrendered for exchange is registered, it shall be a condition of such exchange or payment that the certificate so surrendered shall be properly endorsed, with signature guaranteed, or otherwise in proper form for transfer and that the person requesting such exchange or payment shall pay to the Company or its A-5 10 transfer agent any transfer or other taxes required by reason of the issuance of certificates for Company Common Stock pursuant hereto in a name other than that of, or payment to a person other than, the registered holder of the certificate surrendered, or establish to the satisfaction of the Company or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b), each certificate for shares of Company Common Stock shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.1. No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of Company Common Stock.. (c)

Appears in 1 contract

Samples: Agreement and Plan of Merger (JCS Realty Corp)

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Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, each holder of an outstanding certificate or certificates which prior thereto represented shares of Company Common Stock shall, upon surrender to the Exchange Agent of such certificate or certificates and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Stock, if any, to be retained by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreement. The Exchange Agent shall accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall be no further transfer on the records of the Company or its transfer agent of certificates representing shares of Company Common Stock which have been converted, in whole or in part, pursuant to this Agreement into the right to receive cash, and if such certificates cer- tificates are presented to the Company for transfer, they shall be cancelled against delivery of cash and, if appropriate, certificates for retained Company Common Stock. If any certificate for such retained Company Common Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for Company Common Stock surrendered for exchange is registered, it shall be a condition of such exchange or payment that the certificate so surrendered shall be properly endorsed, with signature guaranteed, or otherwise in 10 proper form for transfer and that the person requesting such exchange or payment shall pay to the Company or its transfer agent any transfer or other taxes required by reason of the issuance of certificates for such retained Company Common Stock pursuant hereto in a name other than that of, or payment to a person other than, of the registered holder of the certificate surrendered, or establish to the satisfaction of the Company or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b2.7(b), each certificate for shares of Company Common Stock shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.1. No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of retained Company Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kindercare Learning Centers Inc /De)

Exchange Procedures for Shares of Company Common Stock. As soon as practicable after the Effective Time, Parent shall cause the Exchange Agent to transmit to each holder of record of a certificate that immediately prior to the Effective Time represented Company Shares (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to such certificates shall pass, only upon proper delivery of the certificates to the Exchange Agent and shall be in customary form) and (ii) instructions for use in effecting the surrender of such certificates in exchange for the Merger Consideration. Each holder of an outstanding certificate or certificates which immediately prior thereto to the Effective Time represented shares of Company Common Stock Shares shall, upon surrender to the Exchange Agent of such certificate or certificates in accordance with such letter of transmittal, duly executed, and acceptance thereof by the Exchange Agent, be entitled to a certificate or certificates representing the number of full shares of Company Common Parent Stock, if any, to be retained received by the holder thereof pursuant to this Agreement and the amount of cash, if any, into which the number payable in lieu of shares of Company Common Stock previously represented by such certificate or certificates surrendered shall have been converted pursuant to this Agreementany fractional shares. The Exchange Agent shall will accept such certificates upon compliance with such reasonable terms and conditions as the Exchange Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. After the Effective Time, there shall will be no further transfer on the records of the Company Surviving Corporation or its transfer agent of certificates representing shares of Company Common Stock Shares which have been converted, in whole or in part, converted pursuant to this Agreement into the right to receive cashthe Merger Consideration, and if such certificates that immediately prior to the Effective Time represented Company Shares are presented to the Company Surviving Corporation for transfer, they shall will be cancelled canceled against delivery of cash and, if appropriate, certificates for retained Company Common StockParent Stock (and cash to the extent required by Section 1.8(e)). If any certificate for such Company Common Parent Stock is to be issued in, or if cash is to be remitted to, a name other than that in which the certificate for that formerly represented Company Common Stock Shares surrendered for exchange is registered, it shall will be a condition of such exchange or payment that the certificate so surrendered shall will be properly endorsed, with signature guaranteed, or otherwise in proper form for transfer and that the person requesting such exchange or payment shall will pay to the Company Surviving Corporation or its transfer agent any transfer or other taxes required by reason of the issuance of certificates for Company Common such Parent Stock pursuant hereto in a name other than that of, or payment to a person other than, of the registered holder of the certificate surrendered, or establish to the satisfaction of the Company Surviving Corporation or its transfer agent that such tax has been paid or is not applicable. Until surrendered as contemplated by this Section 2.5(b1.8(b), each certificate for shares of that formerly represented Company Common Stock shall Shares which have been converted into the right to receive the Merger Consideration will be deemed at any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration as contemplated by Section 2.11.7 and Section 1.8(e). No interest will be paid or will accrue on any cash payable as Merger Consideration or in lieu of any fractional shares of Company Common Parent Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Avnet Inc)

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