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

No Further Ownership Rights in Company Securities. The portion of the Merger Consideration paid upon the surrender for exchange of shares of Company Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers on the records of the Company of shares of Company 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 Section 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Readers Digest Association Inc)

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No Further Ownership Rights in Company Securities. The portion consideration paid in respect of the Merger Consideration paid upon the surrender for exchange of shares of Company Stock Securities in accordance with the terms hereof of this Agreement shall be deemed to have been paid in be full satisfaction of all rights pertaining to such shares of Company StockSecurities. Following the First Effective Time, and there shall be no further registration of transfers on the records of the Company Surviving Corporation of shares of Company Capital Stock which that were outstanding immediately prior to the First 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 Section 2.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sarcos Technology & Robotics Corp)

No Further Ownership Rights in Company Securities. The portion of the All Merger Consideration paid issued upon the surrender for exchange of shares of Company Common Stock or Warrants in accordance with the terms hereof shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of all Company StockSecurities, and there shall be no further registration of transfers on the records of the Company Surviving Corporation of shares of Company Common Stock or Warrants 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 Section 2.

Appears in 1 contract

Samples: Sedar Version

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No Further Ownership Rights in Company Securities. The portion of the All Merger Consideration paid issued upon the transfer or surrender for exchange of shares of Company Common Stock or Warrants in accordance with the terms hereof shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such shares of all Company StockSecurities, and there shall be no further registration of transfers on the records of the Company Surviving Corporation of shares of Company Common Stock or Warrants 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 Section 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger

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