No Further Ownership Rights in Seller Capital Stock. All shares of Buyer Common Stock issued upon the surrender for exchange of shares of Seller Capital Stock in accordance with the terms of this Agreement (including any cash paid in lieu of fractional shares) will be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Seller Capital Stock, and there will be no further registration of transfers on the records of the Surviving Corporation of shares of Seller Capital Stock that were outstanding immediately before the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they will be canceled and exchanged as provided in this ARTICLE I.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Power One Inc), Agreement and Plan of Merger (Ubrandit Com)
No Further Ownership Rights in Seller Capital Stock. All shares of Buyer Common Stock issued upon the surrender for exchange of shares of Seller Capital Stock Certificates in accordance with the terms of this Agreement hereof (including any cash paid in lieu respect thereof pursuant to Section 1.6(e) and 1.8(b)), together with the Cash Component for each share of fractional shares) will Seller Capital Stock, shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Seller Capital Stock, and there will shall be no further registration of transfers on the records of the Surviving Corporation of shares of Seller Capital Stock that which were outstanding immediately before prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they will shall be canceled and exchanged as provided in this ARTICLE Article I.
Appears in 1 contract
No Further Ownership Rights in Seller Capital Stock. All shares of Buyer Common Stock issued Notwithstanding anything in this Agreement to the contrary, the Merger Consideration paid and delivered upon the surrender for exchange of shares of Seller Capital Stock in accordance with the terms of this Agreement (including any cash paid in lieu of fractional shares) will be deemed to have been issued paid and delivered in full satisfaction of all rights pertaining to such shares of Seller Capital Stock, and there will be no further registration of transfers on the records of the Surviving Corporation of shares of Seller Capital Stock that were outstanding immediately before the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they will be canceled and exchanged as provided in this ARTICLE I.
Appears in 1 contract
Samples: Agreement and Plan of Merger (In Store Media Systems Inc)
