Common use of No Further Ownership Rights in Common Stock Clause in Contracts

No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 6 contracts

Samples: Merger Agreement (Spartech Corp), Merger Agreement (Tyco International LTD /Ber/), Merger Agreement (Worth John R)

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No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock which and Class A Common stock that were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock or Class A Common Stock.

Appears in 2 contracts

Samples: Merger Agreement (Net2phone Inc), Merger Agreement (Idt Corp)

No Further Ownership Rights in Common Stock. From and after ------------------------------------------- the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 2 contracts

Samples: Merger Agreement (Tyco International LTD), Merger Agreement (Earth Technology Corp Usa)

No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock Shares which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock Shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common StockShares.

Appears in 1 contract

Samples: Merger Agreement (Tel Save Holdings Inc)

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No Further Ownership Rights in Common Stock. From and ------------------------------------------- after the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued paid in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 1 contract

Samples: Merger Agreement (Lion Brewery Inc)

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