Interim Dividends. No dividends or other distributions declared after the Effective Time on BCC Stock issuable pursuant to the Merger and payable to the Former Seller Stockholders after the Effective Time shall be paid to the holder of any unsurrendered certificates formerly representing shares of Seller Stock until the certificates shall be surrendered as provided herein, provided, however, that (a) upon surrender there shall be paid to the Stockholder in whose name the certificates representing the shares of BCC Stock shall be issued the amount of unpaid dividends with respect to the holder's shares of BCC Stock and (b) at the appropriate payment date, or as soon as practicable thereafter, there shall be paid to the Stockholder the amount of dividends declared with respect to whole shares of BCC Stock with a record date on or after the Effective Time but before surrender and a payment date subsequent to surrender, subject in any case to any applicable escheat laws. No interest shall be payable with respect to the payment of dividends or other distributions on surrender of outstanding certificates.
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Samples: Merger and Acquisition Agreement (Billing Concepts Corp), Plan of Reorganization, Merger and Acquisition Agreement (Smith Michael R)
Interim Dividends. No dividends or other distributions declared after the Effective Time on BCC Stock issuable pursuant to the Merger and payable to the Former Seller Stockholders Shareholder after the Effective Time shall be paid to the holder of any unsurrendered certificates formerly representing shares of Seller Stock until the certificates shall be surrendered as provided herein, provided, however, that (a) upon surrender there shall be paid to the Stockholder shareholder in whose name the certificates representing the shares of BCC Stock shall be issued the amount of unpaid dividends with respect to the holder's shares of BCC Stock and (b) at the appropriate payment date, or as soon as practicable thereafter, there shall be paid to the Stockholder shareholder the amount of dividends declared with respect to whole shares of BCC Stock with a record date on or after the Effective Time but before surrender and a payment date subsequent to surrender, subject in any case to any applicable escheat laws. No interest shall be payable with respect to the payment of dividends or other distributions on surrender of outstanding certificates.
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Samples: Plan of Merger and Acquisition Agreement (Billing Concepts Corp)
Interim Dividends. No dividends or other distributions declared after the Effective Time on BCC Stock issuable pursuant to the Merger and payable to the Former Seller Stockholders Shareholders after the Effective Time shall be paid to the holder of any unsurrendered certificates formerly representing shares of Seller Stock until the certificates shall be surrendered as provided herein, provided, however, that (a) upon surrender there shall be paid to the Stockholder shareholder in whose name the certificates representing the shares of BCC Stock shall be issued the amount of unpaid dividends with respect to the holder's shares of BCC Stock and (b) at the appropriate payment date, or as soon as practicable thereafter, there shall be paid to the Stockholder shareholder the amount of dividends declared with respect to whole shares of BCC Stock with a record date on or after the Effective Time but before surrender and a payment date subsequent to surrender, subject in any case to any applicable escheat laws. No interest shall be payable with respect to the payment of dividends or other distributions on surrender of outstanding certificates.escheat
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