Common use of Loss of Dissenting Share Status Clause in Contracts

Loss of Dissenting Share Status. Notwithstanding the provisions of Section 1.10(a), if any holder of shares of Company Capital Stock who demands appraisal of such holder’s shares under the DGCL shall effectively withdraw or lose (through the failure to perfect or otherwise) such holder’s right to appraisal, then as of the occurrence of such event, such holder’s shares of Company Capital Stock shall automatically be converted into the right to receive the applicable Merger Consideration, without interest thereon, as and when payable pursuant to this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Viggle Inc.), Agreement and Plan of Merger (Viggle Inc.)

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Loss of Dissenting Share Status. Notwithstanding the provisions of Section 1.10(a1.8(a), if any holder of shares of Company Capital Stock who demands appraisal of such holder’s shares under the DGCL shall effectively withdraw or lose (through the failure to perfect or otherwise) such holder’s right to appraisal, then as of the occurrence of such event, such holder’s shares of Company Capital Stock shall automatically be converted into the right to receive the applicable Merger Consideration, without interest thereon, as and when payable pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Viggle Inc.)

Loss of Dissenting Share Status. Notwithstanding the provisions of Section 1.10(a‎1.8(a), if any holder of shares of Company Capital Stock who demands appraisal of such holder’s shares under the DGCL shall effectively withdraw or lose (through the failure to perfect or otherwise) such holder’s right to appraisal, then as of the occurrence of such event, such holder’s shares of Company Capital Stock shall automatically be converted into the right to receive the applicable Merger Consideration, without interest thereon, as and when payable pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Insmed Inc)

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Loss of Dissenting Share Status. Notwithstanding the provisions of Section 1.10(a3.6(a), if any holder of shares of Company Capital Stock who properly demands appraisal of such holder’s shares under the DGCL shall effectively withdraw or lose (through the failure to perfect or otherwise) such holder’s right to appraisal, then as of the Closing or the occurrence of such event, whichever later occurs, such holder’s shares of Company Capital Stock shall automatically be converted into the right to receive the applicable portion of the Merger ConsiderationConsideration in accordance with Section 3.1, without interest thereon, as and when payable pursuant to this Agreement, following the surrender of the Certificate or Certificates representing such shares of Company Capital Stock in accordance with Section 3.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (CardioNet, Inc.)

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