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

No Further Ownership Rights in Shares. All Parent Shares issued upon the surrender for exchange of Certificates in accordance with the terms of this Article III (including any cash paid pursuant to this Section 3.3) shall be deemed to have been issued in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Article III.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Exelon Corp), Agreement and Plan of Merger (Public Service Enterprise Group Inc), Agreement and Plan of Merger (First Data Corp)

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No Further Ownership Rights in Shares. All Parent Shares issued upon the surrender for exchange of Certificates in accordance with the terms of this Article III (including any cash paid pursuant to this Section 3.33.2) shall be deemed to have been issued in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Article III.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Williams Companies Inc), Agreement and Plan of Merger (Williams Companies Inc)

No Further Ownership Rights in Shares. All Parent Shares issued Merger Consideration paid upon the surrender for exchange of Certificates (or affidavits of loss in lieu thereof) in accordance with the terms of this Article III (including any cash paid pursuant to this Section 3.3) shall be deemed to have been issued paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be cancelled and exchanged as provided in this Article III.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Servicemaster Co)

No Further Ownership Rights in Shares. TRANSFER BOOKS. All Parent Shares issued cash paid upon the surrender for exchange of Company Certificates in accordance with the terms of this Article ARTICLE III (including any cash paid pursuant to this Section 3.3) shall be deemed to have been issued paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such Company Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Company Certificates are presented to the Surviving Corporation or the Exchange Paying Agent for any reason, they shall be cancelled canceled and exchanged as provided in this Article ARTICLE III.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Texoil Inc /Nv/)

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No Further Ownership Rights in Shares. All Parent Shares issued ------------------------------------- upon the surrender for exchange of Certificates in accordance with the terms of this Article III (including any cash paid pursuant to this Section 3.33.2) shall be ----------- ----------- deemed to have been issued in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Article III.. -----------

Appears in 1 contract

Samples: Agreement and Plan of Merger (Barrett Resources Corp)

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