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

No Further Ownership Rights in the Shares. The Merger Consideration paid with respect to the cancellation of Shares in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this Article II, subject to applicable law in the case of Dissenting Shares.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Concord Assets Group Inc), Agreement and Plan of Merger (BCT International Inc /), Agreement and Plan of Merger (Milestone Properties Inc)

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No Further Ownership Rights in the Shares. The Merger Consideration paid with respect to the cancellation of Shares in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this Article II, subject to applicable law in the case of Dissenting Shares.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Loeb Partners Corp), Agreement and Plan of Merger (Levy Richard D), Agreement and Plan of Merger (Levy Richard D)

No Further Ownership Rights in the Shares. The Merger Consideration paid with respect to the cancellation of Shares in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares and after the Effective Date there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this Article II, subject to applicable law in the case of Dissenting Shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oriole Homes Corp), Agreement and Plan of Merger (Oriole Homes Corp)

No Further Ownership Rights in the Shares. The Merger Consideration paid with respect to delivered upon the cancellation surrender for exchange of Shares in accordance with the terms hereof shall be deemed to have been paid issued in full satisfaction of all rights pertaining to such Shares Shares, and there shall be no further registration of transfers on the stock transfer books records of the Surviving Corporation of the Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates Shares are presented to the Surviving Corporation for any reason, they shall be cancelled canceled and exchanged as provided in this Article II, subject to applicable law in the case of Dissenting Shares2.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Mascotech Inc), Agreement and Plan of Merger (Simpson Industries Inc)

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No Further Ownership Rights in the Shares. The Merger Consideration All consideration paid with respect to upon the cancellation surrender of shares of the Shares in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such Shares shares of the Shares, and after the Effective Time of the Merger there shall be no further registration of transfers on the stock transfer 8 books of the Surviving Corporation of the shares of the Shares which were outstanding immediately prior to the Effective TimeTime of the Merger. If, after the Effective TimeTime of the Merger, Certificates are presented to the Surviving Corporation for any reason, they shall be cancelled canceled and exchanged as provided in this Article II, subject to applicable law in the case of Dissenting Shares2.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Merger (Si Technologies Inc)

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