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: Agreement and Plan of Merger (Global Crossing LTD), Agreement and Plan of Merger (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/), Affiliate Agreement (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: Shareholder Agreement (Phone Com Inc), Agreement and Plan of Merger (Phone Com Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent Common Stock issued and all payments of Cash Consideration upon the surrender for exchange of shares of Company Common Capital Stock in accordance with the terms hereof (including any cash paid in lieu respect of any 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 (Artisan Components Inc)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Acquirer 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 Merger (Covad Communications Group 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: Agreement and Plan of Merger (Omega Research Inc)

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No Further Ownership Rights in Company Capital Stock. All shares of Exodus Parent Common Stock issued or cash distributed 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 Entity 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 Entity for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Tumbleweed Communications Corp)

No Further Ownership Rights in Company Capital Stock. All shares of Exodus Common Stock issued The Merger Consideration delivered upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof (including any dividends, distributions or 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.Section 2.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (E Piphany 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 or Xxxx Options in accordance with the terms hereof (including any cash paid in lieu of fractional sharesrespect thereof in accordance with Section 2.9) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common StockCapital Stock or Xxxx Options, 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 cancelled and exchanged as provided in this Article I.Section 2.8.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Atmi Inc)

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