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

No Further Ownership Rights in the Shares. The Merger Consideration issued upon the surrender for exchange of Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Shares. There shall be no 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 for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Merger Agreement (E Sync Networks Inc)

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No Further Ownership Rights in the Shares. The Merger Consideration issued All consideration paid upon the surrender for exchange of shares of the Shares in accordance with the terms hereof shall be deemed to have been issued paid in full satisfaction of all rights pertaining to such shares of the Shares. There , and after the Effective Time of the Merger there shall be no registration of transfers on the stock transfer 8 books of the Surviving Corporation of the shares of the Shares that 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 canceled and exchanged as provided in this Article I.2.

Appears in 1 contract

Samples: Acquisition Agreement (Si Technologies Inc)

No Further Ownership Rights in the Shares. The Merger Consideration issued All consideration paid upon the surrender for exchange of the Shares in accordance with the terms hereof shall be deemed to have been issued paid in full satisfaction of all rights pertaining to such Shares. There , and after the Effective Time of the Merger there shall be no registration of transfers on the stock transfer books of the Surviving Corporation of the Shares that 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 canceled and exchanged as provided in this Article I.2.

Appears in 1 contract

Samples: Acquisition Agreement (Structural Instrumentation Inc)

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No Further Ownership Rights in the Shares. The Merger Consideration issued All consideration paid upon the surrender for exchange of shares of the Shares in accordance with the terms hereof shall be deemed to have been issued paid in full satisfaction of all rights pertaining to such shares of the Shares. There , and after the Effective Time of the Merger there shall be no registration of transfers on the stock transfer books of the Surviving Corporation of the shares of the Shares that 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 canceled cancelled and exchanged as provided in this Article I.2.

Appears in 1 contract

Samples: Acquisition Agreement (Si Technologies Inc)

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