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

No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates representing Shares in accordance with the terms of this Article I shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such certificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company on such Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 4 contracts

Samples: Merger Agreement (Conseco Inc Et Al), Merger Agreement (Pioneer Financial Services Inc /De), Merger Agreement (Transport Holdings Inc)

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No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates Certificates representing Common Shares in accordance with the terms of this Article I shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Common Shares theretofore represented by such certificatesCertificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company on such Common Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 3 contracts

Samples: Merger Agreement (Portec Inc), Merger Agreement (Code Hennessy & Simmons Ii Lp), Merger Agreement (Washington National Corp)

No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates Certificates representing Common Shares in accordance with the terms of this Article I shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Common Shares theretofore represented by such certificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company on such Common Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Penncorp Financial Group Inc /De/), Agreement and Plan of Merger (Washington National Corp), Agreement and Plan of Merger (Washington National Corp)

No Further Ownership Rights in Shares. The Merger Consideration paid ------------------------------------- upon the surrender for exchange of certificates Certificates representing Common Shares in accordance with the terms of this Article I II shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Common Shares theretofore represented by such certificatesCertificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company Allied on such Common Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Allied Group Inc), Merger Agreement (Allied Group Inc)

No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates Certificates representing Common Shares in accordance with the terms of this Article I II shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Common Shares theretofore represented by such certificatesCertificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company Allied on such Common Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Nationwide Mutual Insurance Co), Merger Agreement (Nationwide Mutual Insurance Co)

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No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates representing Shares in accordance with the terms of this Article I Plan shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such certificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company on such Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.

Appears in 1 contract

Samples: Plan of Merger (Conseco Inc Et Al)

No Further Ownership Rights in Shares. The Merger Consideration paid upon the surrender for exchange of certificates representing Shares in accordance with the terms of this Article I Plan shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such certificates, subject, however, to the Surviving Corporation's obligation (if any) to pay any dividends or make any other distributions with a record date prior to the Effective Time which may have been declared by the Company on such Shares in accordance with the terms of this Agreement or prior to the date of this Agreement and which remain unpaid at the Effective Time.. 3

Appears in 1 contract

Samples: Plan of Merger (Conseco Inc Et Al)

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