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

No Further Ownership Rights in Company Securities. The consideration paid in respect of the surrender for exchange of Company Securities in accordance with the terms of this Agreement shall be deemed to be full satisfaction of all rights pertaining to such Company Securities. Following the Effective Time, there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Company 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 (Elastic N.V.)

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No Further Ownership Rights in Company Securities. The consideration portion of the Cash Consideration paid in respect of upon the surrender for exchange of shares of Company Securities Stock in accordance with the terms of this Agreement hereof shall be deemed to be have been paid in full satisfaction of all rights pertaining to such shares of Company Securities. Following the Effective TimeStock, and there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Company Stock Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.Section 2.9.

Appears in 1 contract

Samples: Merger Agreement (Boulder Specialty Brands, Inc.)

No Further Ownership Rights in Company Securities. The consideration paid in respect of the surrender for exchange of Company Securities in accordance with the terms of this Agreement shall be deemed to be a full satisfaction of all rights pertaining to such Company Securities. Following the Effective Time, there shall be no further registration of transfers on the records of the Surviving Corporation Company of shares of Company Capital Stock Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Company 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: Merger Agreement (Lumentum Holdings Inc.)

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No Further Ownership Rights in Company Securities. The consideration paid in respect of the surrender for exchange of Company Securities in accordance with the terms of this Agreement shall be deemed to be full satisfaction of all rights pertaining to such Company Securities. Following the First Effective Time, there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Capital Stock which that were outstanding immediately prior to the First Effective Time. If, after the Effective Time, Company 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 (Sarcos Technology & Robotics Corp)

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