Common use of No Fractional Share Certificates Clause in Contracts

No Fractional Share Certificates. (a) No scrip or fractional share certificate for BBI Common Stock shall be issued upon the surrender for exchange of certificates evidencing Shares, and an outstanding fractional share interest shall not entitle the owner thereof to vote, to receive dividends or to any rights of a shareholder of BBI or of either of the Surviving Corporations with respect to such fractional share interest.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Bergen Brunswig Corp), Agreement and Plan of Merger (Bergen Brunswig Corp), Agreement and Plan of Merger (Ivax Corp /De)

AutoNDA by SimpleDocs

No Fractional Share Certificates. (a) No scrip -------------------------------- or fractional share certificate for BBI Holdings Common Stock shall will be issued upon the surrender for exchange of certificates evidencing Shares, and an outstanding fractional share interest shall will not entitle the owner thereof to vote, to receive dividends or to any rights of a shareholder stockholder of BBI Holdings or of either of the Surviving Corporations with respect to such fractional share interest.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Excel Communications Inc), Agreement and Plan of Merger (Telco Communications Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.