Common use of Extinguishment of Rights Clause in Contracts

Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Shareholder who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b), that has not been deposited with all other instruments required by Section 4.1, on or prior to the fifth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to Parent Common Stock (and associated Parent Rights). On such date, shares of Parent Common Stock (and associated Parent Rights) (and any dividends or distributions with respect thereto) to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent SubCo, the Company or the Depositary shall be liable to any Person in respect of any Parent Common Stock (and associated Parent Rights) (or dividends, distributions and/or cash in lieu of fractional shares) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Combination Agreement (Moore Wallace Inc), Combination Agreement (Donnelley R R & Sons Co)

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Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Shareholder who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b), that has not been deposited with all other instruments required by Section 4.14.2, on or prior to the fifth sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to Parent Common Stock (and associated Parent Rights)Stock. On such date, shares of Parent Common Stock (and associated Parent Rights) (and any dividends or distributions with respect thereto) and cash, if any, to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent FinanceCo, Parent SubCo, the Company or the Depositary shall be liable to any Person in respect of any Parent Common Stock (and associated Parent Rights) (or dividends, distributions and/or cash in lieu of fractional shares) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Plan of Arrangement (Advanced Micro Devices Inc), Plan of Arrangement (Advanced Micro Devices Inc)

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Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Company Shareholder who has exercised its right to dissent in accordance with Article 3 hereof and who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, Company Shareholder but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b)2.2, that has not been deposited with all other instruments required by Section 4.14.1 or Section 4.2, on or prior to the fifth sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to as a holder of Exchangeable Shares or Parent Common Stock (and associated Parent Rights)Shares. On such date, shares of the Exchangeable Shares or Parent Common Stock (and associated Parent Rights) Shares (and any dividends or distributions with respect thereto) to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, Purchaser together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent SubCothe Company, the Company Purchaser, Canco or the Depositary shall be liable to any Person in respect of any the Exchangeable Shares or Parent Common Stock (and associated Parent Rights) Shares (or dividends, distributions and/or cash in lieu of fractional sharesdividends or distributions) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Arrangement Agreement (Ad.Venture Partners, Inc.)

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