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

No Further Ownership Rights in the Shares. From and after the Effective Time, the holders of Shares which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such Shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the Shares.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Prometheus Senior Quarters LLC), Agreement and Plan of Merger (Prometheus Senior Quarters LLC), Agreement and Plan of Merger (Kapson Senior Quarters Corp)

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No Further Ownership Rights in the Shares. From and after the Effective Time, the holders of Shares shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such Shares shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates or Book Entry Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the Sharesshares of Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Efunds Corp), Agreement and Plan of Merger

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No Further Ownership Rights in the Shares. From and after the Effective Time, the holders of Shares shares of Common Stock which were outstanding immediately prior to the Effective Time (including any Dissenting Company Shares) shall cease to have any rights with respect to such Shares shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the Sharesshares of Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Yankee Holding Corp.), Agreement and Plan of Merger (Yankee Candle Co Inc)

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