No Further Ownership Rights in Company Common Shares. All cash paid upon the surrender of a Certificate in accordance with the terms of this Section 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to the Company Common Shares formerly represented by such Certificate. At the close of business on the day on which the Effective Time occurs, the share transfer books of the Company shall be closed, and there shall be no further registration of transfers on the share transfer books of the Surviving Corporation of the Company Common Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for transfer or any other reason, they shall be cancelled and exchanged as provided in this Section 2.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Itt Corp), Agreement and Plan of Merger (Edo Corp)
No Further Ownership Rights in Company Common Shares. All cash The Merger Consideration paid upon the surrender of a Certificate in accordance with the terms of this Section 2 Article II shall be deemed to have been paid in full satisfaction of all rights pertaining to the Company Common Shares formerly represented by such Certificate. At the close of business on the day on which the Effective Time occurs, the share stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the share stock transfer books of the Surviving Corporation of the Company Common Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for transfer or any other reason, they shall be cancelled canceled and exchanged as provided in this Section 2Article II.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Minnesota Mining & Manufacturing Co), Agreement and Plan of Merger (Minnesota Mining & Manufacturing Co)
No Further Ownership Rights in Company Common Shares. All cash The Merger ---------------------------------------------------- Consideration paid upon the surrender of a Certificate in accordance with the terms of this Section 2 Article II shall be deemed to have been paid in full satisfaction of all rights pertaining to the Company Common Shares formerly represented by such Certificate. At the close of business on the day on which the Effective Time occurs, the share stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the share stock transfer books of the Surviving Corporation of the Company Common Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for transfer or any other reason, they shall be cancelled canceled and exchanged as provided in this Section 2Article II.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Microtouch Systems Inc)
