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

No Further Ownership Rights in Shares. All Merger Consideration or other amounts paid or payable upon the surrender of Certificates, in accordance with the terms hereof shall be deemed to have been paid or payable in full satisfaction of all rights pertaining to the Shares formerly represented by such Certificate, and from and after the Effective Time, there shall be no further registration of transfers of Shares on the stock transfer books of the Surviving Corporation. If, after the Effective Time, Certificates are presented to the Surviving Corporation, they shall be cancelled and exchanged for the Merger Consideration or other consideration provided for, and in accordance with the procedures set forth, in this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vici Properties Inc.), Agreement and Plan of Merger (Penn National Gaming Inc)

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No Further Ownership Rights in Shares. All Merger Consideration delivered or other amounts paid or payable deliverable upon the surrender of Certificates, Certificates in accordance with the terms hereof shall be deemed to have been paid delivered or payable deliverable in full satisfaction of all rights pertaining to the Shares formerly represented by such Certificate, and from and after the Effective Time, there shall be no further registration of transfers of Shares on the stock transfer books of the Surviving CorporationEntity. If, after the Effective Time, Certificates are presented to the Surviving CorporationEntity, they shall be cancelled and exchanged for the Merger Consideration or other consideration provided for, and in accordance with the procedures set forth, in this Article II and elsewhere in this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (AIRO Group, Inc.)

No Further Ownership Rights in Shares. All Merger Consideration or other amounts paid or payable exchanged upon the surrender of Certificates, Certificates formerly representing Shares in accordance with the terms hereof shall be deemed to have been paid or payable exchanged in full satisfaction of all rights pertaining to the Shares formerly represented by such CertificateCertificate (or Shares held in book-entry format), and from and after the Effective Time, there shall be no further registration of transfers of Shares on the stock transfer books of the Surviving CorporationCompany. If, after the Effective Time, Certificates are properly presented to the Surviving CorporationCompany, they shall be cancelled and exchanged only for the Merger Consideration or other consideration provided for, and in accordance with the procedures set forth, in this Article II and elsewhere in this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fat Brands, Inc)

No Further Ownership Rights in Shares. All Closing Merger Consideration or other amounts paid or payable upon the surrender of Certificates, Certificates in accordance with the terms hereof shall be deemed to have been paid or payable in full satisfaction of all rights pertaining to the Shares formerly represented by such Certificate, and from and after the Effective Time, there shall be no further registration of transfers of Shares on the stock transfer books of the Surviving Corporation. If, after the Effective Time, Certificates are presented to the Surviving Corporation, they shall be cancelled and exchanged for the Merger Consideration or other consideration provided for, and in accordance with the procedures set forth, in this Article 1 and elsewhere in this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Liquidity Services Inc)

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No Further Ownership Rights in Shares. All Aggregate Merger Consideration or other amounts paid or payable upon the surrender of Certificates, Certificates in accordance with the terms hereof shall will be deemed to have been paid or payable in full satisfaction of all rights pertaining to the Shares formerly represented by such Certificate, and from and after the Effective Time, there shall will be no further registration of transfers of Shares on the stock transfer books of the Surviving Corporation. If, after the Effective Time, Certificates are presented to the Surviving Corporation, they shall will be cancelled and exchanged for the Aggregate Merger Consideration or other consideration provided for, and in accordance with the procedures set forth, in this Article 2 and elsewhere in this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MTS Systems Corp)

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