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

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 2 contracts

Samples: Merger Agreement (Global Crossing LTD), Merger Agreement (Exodus Communications Inc)

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No Further Ownership Rights in Company Capital Stock. All shares of Exodus ---------------------------------------------------- Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional sharesrespect thereof) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.1.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Level One Communications Inc /Ca/), Agreement and Plan of Reorganization (Level One Communications Inc /Ca/)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Stock Certificates in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Company Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 2 contracts

Samples: Merger Agreement (Phone Com Inc), Merger Agreement (Phone Com Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.ARTICLE 1.

Appears in 2 contracts

Samples: Merger Agreement (Kana Communications Inc), Merger Agreement (Kana Communications Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Common Merger Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of the Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of the Company Common Capital Stock which were that was outstanding immediately prior to the Merger Effective Time. If, after the Merger Effective Time, certificates Company Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.II.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Autotradecenter Com Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus ------------------------------------------------------- Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following after the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be exchanged and canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Merger Agreement (Gish Biomedical Inc)

No Further Ownership Rights in Company Capital Stock. All The shares of Exodus ---------------------------------------------------- Parent Common Stock issued upon paid in respect of the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu with respect to fractional shares of fractional sharesParent Common Stock) shall be deemed to have been issued in be full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Centillium Communications Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent Common Stock issued (and cash in lieu of fractional shares paid) upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Merger Agreement (Omega Research Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Common Stock issued upon The Merger Consideration payable under Section 2.05 for the surrender for exchange of shares of the Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) hereof, shall be deemed to have been issued in be full satisfaction of all rights pertaining to such shares of Company Common StockCapital Stock other than the right to participate in the Earn-Out payments, if any, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Company Stock Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.II.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Atrix Laboratories Inc)

No Further Ownership Rights in Company Capital Stock. All shares ------------------------------------------------------ of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following after the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be exchanged and canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Merger Agreement (Cardiotech International Inc)

No Further Ownership Rights in Company Capital Stock. All shares ---------------------------------------------------- of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following after the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be exchanged and canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Gasonics International Corp)

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No Further Ownership Rights in Company Capital Stock. All shares ---------------------------------------------------- of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Digital Island Inc)

No Further Ownership Rights in Company Capital Stock. All ---------------------------------------------------- shares of Exodus SciQuest Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Company Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.1. ---------

Appears in 1 contract

Samples: Merger Agreement (Sciquest Com Inc)

No Further Ownership Rights in Company Capital Stock. All shares ----------------------------------------------------- of Exodus Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional sharesrespect thereof) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which that were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Company Capital Stock Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Failure Group Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent ---------------------------------------------------- Common Stock issued or issuable upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional sharesrespect thereof) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Merger Agreement (Cirrus Logic Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus ---------------------------------------------------- Parent Common Stock or New Preferred Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional sharesrespect thereof) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.1.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Magma Design Automation Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus ---------------------------------------------------- Parent Common Stock issued upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu of fractional shares) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Capital Stock, and following the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sandpiper Networks Inc)

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