No Further Ownership Rights in Shares. All Merger Consideration delivered upon the surrender of Certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. Until surrendered as contemplated by this Section 3.2, each Certificate shall be deemed at all times after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration into which the Shares theretofore represented by such Certificate shall have been converted pursuant to Section 3.1. No interest will be paid or will accrue on the cash payable upon the surrender of any Certificate.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Tefron LTD), 4 Agreement and Plan of Merger (Incontrol Inc), Agreement and Plan of Merger (Syntellect Inc)
No Further Ownership Rights in Shares. All Merger Consideration ------------------------------------- delivered upon the surrender of Certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificates. Until surrendered as contemplated by this Section 3.2, each Certificate shall be deemed at all times after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration into which the Shares theretofore represented by such Certificate shall have been converted pursuant to Section 3.1. No interest will be paid or will accrue on the cash payable upon the surrender of any Certificate.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Guidant Corp), Agreement and Plan of Merger (Incontrol Inc)
No Further Ownership Rights in Shares. All Merger Conversion Consideration delivered upon the surrender of Certificates certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the Shares theretofore represented by such Certificatescertificates. Until surrendered as contemplated by this Section 3.23.3, each Certificate certificate shall be deemed at all times any time after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration into which the Shares theretofore represented by such Certificate shall have been converted pursuant to Section 3.1Conversion Consideration. No interest will be paid or will accrue on the cash or any other amounts payable upon the surrender of any Certificatecertificate.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Enterprise Acquisition Corp.), Agreement and Plan of Merger (Capitol Acquisition Corp)
