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

No Further Ownership Rights in Common Stock. The Merger Consideration paid upon surrender of a Certificate in accordance with the terms of this Article II shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock formerly represented by such Certificate, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged for the amount of cash into which the shares of Common Stock theretofore represented by such Certificates shall have been converted as provided in this Article II.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (VCG Holding Corp), Agreement and Plan of Merger (Lowrie Management LLLP), Agreement and Plan of Merger (VCG Holding Corp)

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No Further Ownership Rights in Common Stock. The All Merger Consideration paid upon the surrender of a Certificate Certificates in accordance with the terms of this Article II V shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock formerly theretofor represented by such CertificateCertificates. After the close of business on the Closing Date, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any Certificates are presented to the Surviving Corporation or the Paying Agent Depositary for any reason, they shall be canceled and exchanged for the amount of cash into which the shares of Common Stock theretofore represented by such Certificates shall have been converted as provided in this Article IIV, except as otherwise provided by law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Liqui Box Corp)

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