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

No Further Ownership Rights in Company Stock. All shares of Surviving Company Common Stock issued upon the surrender for exchange of Company Stock in accordance with the terms of this Article II (including any cash paid in respect thereof) shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock under this Article II, and there shall be no further registration of transfers on the records of the Surviving 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 Company for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 2 contracts

Samples: Merger Agreement (Creative Biomolecules Inc), Merger Agreement (Curis Inc)

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No Further Ownership Rights in Company Stock. All shares The amount of Surviving Company Common Stock issued cash and the Merger Shares delivered upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof and the payment of this Article II (including any cash paid in respect thereofadditional amounts pursuant to Section 2.2(a)(ii) shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock under this Article IIshares, and there shall be no further registration of transfers on the records of the Surviving Company Corporation of shares of Company Common Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates for shares of Company Common Stock are presented to the Surviving Company Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Go2net Inc)

No Further Ownership Rights in Company Stock. All shares of Surviving Company Common Stock issued The Merger Shares and Unit Options delivered upon the surrender for exchange of shares of Company Common Stock and Company Preferred Stock in accordance with the terms of this Article II (including any cash paid in respect thereof) hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock under this Article IIshares, and there shall be no further registration of transfers on the records of the Surviving Company Corporation of shares of Company Common Stock or Company Preferred Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates are presented to the Surviving Company Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (On2com Inc)

No Further Ownership Rights in Company Stock. All The amount of cash delivered and number of shares of Surviving Company Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof and the payment of this Article II (including any cash paid in respect thereofadditional amounts pursuant to Section 2.2(a)(ii) shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock under this Article IIshares, and there shall be no further registration of transfers on the records of the Surviving Company Corporation of shares of Company Common Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates for shares of Company Common Stock are presented to the Surviving Company Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Marchex Inc)

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No Further Ownership Rights in Company Stock. All shares The amount of Surviving Company Common Stock issued cash and the Merger Shares delivered upon the surrender for exchange of shares of Company Common Stock in accordance with the terms of this Article II (including any cash paid in respect thereof) hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock under this Article IIshares, and there shall be no further registration of transfers on the records of the Surviving Company Corporation of shares of Company Common Stock which that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates for shares of Company Common Stock are presented to the Surviving Company Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Merger Agreement (Mail Com Inc)

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