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

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 4 contracts

Samples: Merger Agreement (Next Level Communications Inc), Merger Agreement (Hanover Compressor Coc), Merger Agreement (Tegal Corp /De/)

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No Further Ownership Rights in Shares of Company Stock. The shares of Parent Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of shares of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2Agreement.

Appears in 1 contract

Samples: Merger Agreement (Essential Therapeutics Inc)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent ------------------------------------------------------ Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of shares of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2Agreement.

Appears in 1 contract

Samples: Merger Agreement (Microcide Pharmaceuticals Inc)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and after the Effective Time there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving CorporationCompany. If, after the Effective Time, the Certificates are presented to the Surviving Corporation Company for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Merger Agreement (Aims Worldwide Inc)

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No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock Transaction Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Merger Agreement (Mentor Graphics Corp)

No Further Ownership Rights in Shares of Company Stock. The shares portion of Parent Stock the Transaction Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Paying Agent the Surviving Corporation for any reason, they shall be canceled cancelled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Merger Agreement (Check Point Software Technologies LTD)

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