Common use of Exchange Ratio for Company Common Stock Clause in Contracts

Exchange Ratio for Company Common Stock. Each issued and outstanding share of Company Common Stock (other than shares to be canceled in accordance with Section 2.01(b) and other than Dissenting Shares (as defined in Section 2.01(d))) shall be converted into the right to receive $23.00 in cash (the "Merger Price"). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the Merger Price per share, upon the surrender of such certificate in accordance with Section 2.02, without interest.

Appears in 2 contracts

Samples: Merger Agreement (Chemi Trol Chemical Co), Merger Agreement (Chemi Trol Chemical Co)

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Exchange Ratio for Company Common Stock. Each issued and outstanding share of Company Common Stock (other than shares to be canceled in accordance with Section 2.01(b1.5(b) and other than Dissenting Shares (as defined in Section 2.01(d))Shares) shall be converted into the right to receive Four Dollars and Fifty Cents ($23.00 4.50) in cash (the "Merger PriceConsideration"). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the Merger Price per shareConsideration, upon the surrender of such certificate in accordance with Section 2.021.7, without interest.

Appears in 2 contracts

Samples: Merger Agreement (Tivoli Industries Inc), Merger Agreement (Targetti Sankey Spa)

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