Common use of No Further Ownership Rights in Seller Shares Clause in Contracts

No Further Ownership Rights in Seller Shares. All cash and Buyer Shares issued upon conversion of Seller Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Seller Shares; 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 which may have been declared or made by Seller (but only in compliance with the terms of this Agreement) on such Seller Shares prior to the Effective Time and which remain unpaid at the Effective Time, subject to compliance with Section 7.08.

Appears in 5 contracts

Samples: Merger Agreement (Wesbanco Inc), Merger Agreement (Esb Financial Corp), Merger Agreement (Wesbanco Inc)

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No Further Ownership Rights in Seller Shares. All cash in lieu of fractional Buyer Shares and Buyer Shares issued upon conversion of Seller Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Seller Shares; 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 which that may have been declared or made by Seller (but only in compliance with the terms of this Agreement) on such Seller Shares prior to the Effective Time and which remain unpaid at the Effective Time, subject to compliance with Section 7.08.

Appears in 3 contracts

Samples: Merger Agreement (Wesbanco Inc), Merger Agreement (Wesbanco Inc), Merger Agreement (Old Line Bancshares Inc)

No Further Ownership Rights in Seller Shares. All cash and Buyer Shares issued upon conversion of Seller Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Seller Shares; 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 which that may have been declared or made by Seller (but only in compliance with the terms of this Agreement) on such Seller Shares prior to the Effective Time and which remain unpaid at the Effective Time, subject to compliance with Section 7.08.

Appears in 2 contracts

Samples: Merger Agreement (Farmers Capital Bank Corp), Merger Agreement (Wesbanco Inc)

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No Further Ownership Rights in Seller Shares. All cash and Buyer Shares issued upon conversion of Seller Shares in accordance with the terms hereof (including any cash paid pursuant to Section 2.03(g) or 2.03(j)) shall be deemed to have been issued in full satisfaction of all rights pertaining to such Seller Shares; , 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 which may have been declared or made by Seller (but only on such Seller Shares in compliance accordance with the terms of this Agreement) on such Seller Shares Agreement prior to the Effective Time and which remain unpaid at the Effective Time, subject to compliance with Section 7.08.

Appears in 2 contracts

Samples: Merger Agreement (Oak Hill Financial Inc), Merger Agreement (Wesbanco Inc)

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