Common use of Excluded Shares Clause in Contracts

Excluded Shares. At the Effective Time, each Excluded Share shall, for no consideration, be automatically canceled and retired and shall cease to exist, and, for the avoidance of doubt, no exchange or payment shall be made with respect thereto or in respect thereof.

Appears in 10 contracts

Samples: Merger Agreement (Reliant Bancorp, Inc.), Merger Agreement (United Community Banks Inc), Merger Agreement (Reliant Bancorp, Inc.)

AutoNDA by SimpleDocs

Excluded Shares. At the Effective Time, each Excluded Share shall, for no consideration, shall be automatically canceled and retired for no consideration and shall cease to exist, and, for the avoidance of doubt, no exchange or payment shall be made with respect thereto or in respect thereof.

Appears in 4 contracts

Samples: Merger Agreement (Entegra Financial Corp.), Merger Agreement (Smartfinancial Inc.), Merger Agreement (Entegra Financial Corp.)

AutoNDA by SimpleDocs

Excluded Shares. At As of the Effective Time, each Excluded Share shall, for no consideration, shall be automatically canceled and retired and shall cease to exist, and, for the avoidance of doubt, and no exchange or payment shall be made with respect thereto or in respect thereofthereto.

Appears in 2 contracts

Samples: Merger Agreement (WashingtonFirst Bankshares, Inc.), Merger Agreement (Sandy Spring Bancorp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!