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

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 4 contracts

Samples: Merger Agreement (Maytag Corp), Merger Agreement (Whirlpool Corp /De/), Merger Agreement (Whirlpool Corp /De/)

AutoNDA by SimpleDocs

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid issued (and paid) in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 4 contracts

Samples: Merger Agreement (Penney J C Co Inc), Merger Agreement (Penney J C Co Inc), Merger Agreement (Genovese Drug Stores Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid (and issued) in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid (and issued) in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time; provided that the Company has deposited the funds to pay such dividend or distribution with its transfer agent prior to the Closing, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 3 contracts

Samples: Merger Agreement (Reliance Steel & Aluminum Co), Merger Agreement (Reliance Steel & Aluminum Co), Merger Agreement (Jorgensen Earle M Co /De/)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subjectSUBJECT, howeverHOWEVER, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 3 contracts

Samples: Merger Agreement (Ralston Purina Co), Merger Agreement (Maytag Corp), Merger Agreement (Conopco Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration All consideration paid upon the surrender of Certificates or Book-Entry Shares in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock I shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates or Book-Entry Shares, subject, however, to any obligation of the Surviving Corporation's obligation Corporation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared authorized or made by the Company on such with respect to shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid or unsatisfied at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock the Certificates or Book-Entry Shares are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article III, except as otherwise provided by applicable law.

Appears in 3 contracts

Samples: Merger Agreement (Sorensen Trust), Merger Agreement (Ablest Inc), Merger Agreement (Westaff Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid upon the surrender for exchange of Certificates or transfer of Uncertificated Shares in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates or Uncertificated Shares, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which that remain unpaid at the Effective Time, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation Company of the shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates or Uncertificated Shares are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II2, except as otherwise provided by Law.

Appears in 3 contracts

Samples: Merger Agreement (Ceradyne Inc), Merger Agreement (Martek Biosciences Corp), Merger Agreement (Cogent, Inc.)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid (and issued) in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid (and issued) in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 2 contracts

Samples: Merger Agreement (Coast Hotels & Casinos Inc), Stockholders Agreement (Coast Hotels & Casinos Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of 2 (including any shares of Company Common Stock cash paid pursuant to this Article 2) shall be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such the shares of Company Common Stock, theretofore represented by such Certificates, subject, however, to the Surviving CorporationAcquiror's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II2, except as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Rubbermaid Inc), Merger Agreement (Newell Co)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of (including any shares of Company Common Stock cash paid pursuant to this Article II) shall be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Associates First Capital Corp), Merger Agreement (Citigroup Inc)

No Further Ownership Rights in Company Common Stock. The Total Merger Consideration paid in accordance with the terms of this Article II I upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's Company’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time Date that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after Date. After the Effective Time Date there shall be no further registration of transfers on the stock equity transfer books of the Surviving Corporation Company of shares of Company Common Stock that were outstanding immediately prior to the Effective TimeDate. If, after the Effective TimeDate, any certificates Stock Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation Company or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.I.

Appears in 2 contracts

Samples: Merger Agreement (Us Energy Corp), Merger Agreement (Crested Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock converted into the right to receive Merger Consideration pursuant to Section 2.01(c), subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 2 contracts

Samples: Merger Agreement (British American Tobacco p.l.c.), Merger Agreement (Reynolds American Inc)

No Further Ownership Rights in Company Common Stock. The All Merger Consideration paid upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock I shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article III, except as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Chalone Wine Group LTD), Merger Agreement (Domaines Barons De Rothschild /Lafite/)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 2 contracts

Samples: Merger Agreement (Stanley, Inc.), Merger Agreement (Cgi Group Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in exchange for the surrender of Certificates in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common StockStock theretofore represented by such Certificates, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions distributions, with a record date prior to the Effective Time Time, that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after After the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates that are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they reason shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Riviera Holdings Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid issued (and paid) in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such shares of Company Common Stockshares, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Newport News Shipbuilding Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Cambridge Display Technology, Inc.)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All Parent Common Stock issued upon conversion of Company Common Stock in accordance with the terms of this Article II upon conversion of hereof (including any shares of Company Common Stock cash paid pursuant to Section 2.2(e)) shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subjectSUBJECT, howeverHOWEVER, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement on or prior to the date of this Agreement Effective Time and which remain unpaid at the Effective Time, and after . At the Effective Time there shall be no further registration of transfers on Time, the stock transfer books of the Surviving Corporation of shares Company shall be closed to holders of Company Common Stock that were outstanding immediately prior to the Effective TimeTime and no transfer of Company Common Stock by any such holder shall thereafter be made or recognized. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Premier Financial Bancorp Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Common Stock issued, Contingent Value Rights issued, and the Aggregate Cash Payment paid, upon the surrender for exchange of Certificates or Common Stock Options in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates or Common Stock Options, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared authorized or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which that remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Certificates or Common Stock Options are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Warp Technology Holdings Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms of this Article II upon conversion of hereof (including any shares of Company Common Stock cash paid pursuant to Section 1.03(c) or 1.03(e)) shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement hereof and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.I.

Appears in 1 contract

Samples: Merger Agreement (Magellan Technology Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration shares of Parent Common Stock issued and cash paid in accordance with the terms of this Article II ‎Article 2 upon conversion of any shares of Company Common Stock (including any cash paid pursuant to ‎Section 2.05(f)) shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, subject to the Surviving Corporation's Company’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, . From and after the Effective Time Time, there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation Company of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. IfSubject to the last sentence of ‎Section 2.05(h), if, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented for transfer to the Surviving Corporation Company, Parent or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II‎Article 2.

Appears in 1 contract

Samples: Merger Agreement (Potlatchdeltic Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon I as a result of the conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock not in accordance with violation of the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after . After the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.I.

Appears in 1 contract

Samples: Merger Agreement (DreamWorks Animation SKG, Inc.)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Class A Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms of this Article II upon conversion of hereof (including any shares of Company Common Stock cash paid pursuant to Section 3.2(b) or 3.2(d)) shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after the Effective Time there shall be no further registration registrations of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article II.Ill.

Appears in 1 contract

Samples: Merger Agreement (Riscorp Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Common Stock issued, Contingent Value Rights issued, and the Aggregate Cash Payment paid, upon the surrender for exchange of Certificates or Common Stock Options in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates or Common Stock Options, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared authorized or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which that remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Certificates or Common Stock Options are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Infonow Corp /)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with (and not in violation of) the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective TimeTime (collectively, “Unpaid Dividends”), 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Jameson Inns Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms All shares --------------------------------------------------- of Parent Common Stock issued pursuant to this Article II upon conversion of (and any shares of Company Common Stock cash paid pursuant to Section 2.2(c) or 2.2(e)) shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay ------- ------- any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Mandaric Milan)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II III ----------- upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ------- ------- obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after . After the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.III. -----------

Appears in 1 contract

Samples: Merger Agreement (Gardner Denver Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid and/or issued in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid and/or issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's Entity’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation Entity of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation Entity or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Harrahs Entertainment Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms All shares of Parent Common Stock issued pursuant to this Article II upon conversion of (and any shares of Company Common Stock cash paid pursuant to Section 2.2(c) or 2.2(e)) shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Sanmina Corp/De)

No Further Ownership Rights in Company Common Stock. The All Merger Consideration paid upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock I shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article III, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Constellation Brands, Inc.)

AutoNDA by SimpleDocs

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion surrender of any Certificate or book-entry shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay pay, without interest thereon, any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, Time 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (DRS Technologies Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Parent Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock III shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock theretofore represented by such Certificates, subject, however, to the obligation of the Surviving Corporation's obligation Corporation to pay any dividends or make any other distributions with a record date prior to the Effective Time that of the Merger which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective TimeTime of the Merger, 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 Company Common Stock that which were outstanding immediately prior to the Effective TimeTime of the Merger. If, after the Effective TimeTime of the Merger, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled cancelled and exchanged as provided in this Article IIIII, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Peerless Systems Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after . After the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates or Book-Entry Shares formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Imperial Industries Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall will be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after the Effective Time there shall will be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall will be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Readers Digest Association Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Purchaser Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock hereof shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared declared, made or made accrued by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Answer Think Consulting Group Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid upon the surrender of a Certificate in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock IV shall be deemed to have been paid in full satisfaction of all rights pertaining to such the shares of Company Common StockStock formerly represented by such Certificate, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time. At the Effective Time, the stock transfer books of the Company shall be closed, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided for in this Article IIIV.

Appears in 1 contract

Samples: Merger Agreement (Ats Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, ; subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Ikon Office Solutions Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's Entity’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement hereof and which remain unpaid at the Effective Time, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation Entity of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing evidencing shares of Company Common Stock are presented to the Surviving Corporation Entity or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Ventas Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms All shares of Parent Common Stock issued pursuant to this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Avid Sportswear & Golf Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration consideration paid and/or issued in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid and/or issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's Entity I’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after the Effective Time there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation Entity I of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates and any Book-Entry Shares formerly representing shares of Company Common Stock are presented to the Surviving Corporation Entity I or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Willbros Group, Inc.\NEW\)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, and after . After the close of business on the day in which the Effective Time occurs there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates Certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged against the delivery of Merger Consideration as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Photon Dynamics Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Roto-Rooter Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion surrender of any shares of Company Common Stock Certificate shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Digitalnet Holdings Inc)

No Further Ownership Rights in Company Common Stock. The Merger --------------------------------------------------- Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's obligation to pay ------- ------- any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Willamette Industries Inc)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid issued (and paid) in accordance with the terms of this Article II upon conversion Table of Contents of any shares of Company Common Stock (including any dividends or other distributions paid pursuant to Section 2.02(c) and cash paid in lieu of fractional shares pursuant to Section 2.02(e)) shall be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such shares of Company Common Stock, subject, however, to the Surviving Corporation's ’s obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Exar Corp)

No Further Ownership Rights in Company Common Stock. The All HoldCo ADSs and Merger Consideration paid Ordinary Shares issued upon the surrender for exchange of Certificates in accordance with the terms of this Article II upon conversion of hereof (including any shares of Company Common Stock cash paid pursuant to SECTION 2.03(e)) shall be deemed to have been paid issued at the Effective Time in full satisfaction of all rights pertaining to such shares of Company Common Stockthe Converted Shares represented thereby, subject, however, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that which may have been declared or made by the Company on such the shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain remained unpaid at the Effective Time, . From and after the Effective Time Time, the stock transfer books of the Company shall be closed and there shall be no further registration of transfers on the stock transfer books thereon of the Surviving Corporation of shares of Company Common Stock that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article IISection.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pacificorp /Or/)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid All shares of Buyer Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of this Article ARTICLE II upon conversion of (including any shares of Company Common Stock shall cash paid pursuant to this ARTICLE II) will be deemed to have been paid issued (and paid) in full satisfaction of all rights pertaining to such the shares of Company Common Stock, theretofore represented by such Certificates, subject, however, to the Surviving CorporationBuyer's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which that remain unpaid at the Effective Time, and after the Effective Time there shall will be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall will be canceled and exchanged as provided in this Article ARTICLE II, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Commercial Intertech Corp)

No Further Ownership Rights in Company Common Stock. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any shares of Company Common Stock shall be deemed to have been paid in full satisfaction of all ownership rights pertaining to such shares of Company Common Stock, subjectSUBJECT, howeverHOWEVER, to the Surviving Corporation's obligation to pay any dividends or make any other distributions with a record date prior to the Effective Time that may have been declared or made by the Company on such shares of Company Common Stock in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time, 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 Company Common Stock that were outstanding immediately prior to the Effective TimeTime (other than the Affiliate Shares and the Parent Allocated Tender Shares). If, after the Effective Time, any certificates formerly representing shares of Company Common Stock Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Axa)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!