Common use of No Further Rights in Stock Clause in Contracts

No Further Rights in Stock. All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of Sections 2.1 and 2.2 hereof (including any cash paid pursuant to this Article II) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 3 contracts

Samples: Merger Agreement (King Pharmaceuticals Inc), Merger Agreement (King Pharmaceuticals Inc), Merger Agreement (Medco Research Inc)

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No Further Rights in Stock. All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates pursuant to Section 2.1 and in accordance with the terms of Sections 2.1 and this Section 2.2 hereof (including any cash paid pursuant to this Article II) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer transfers on the stock transfer books of the Company as the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article IIherein, except as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Advanced Communication Systems Inc), Merger Agreement (Titan Corp)

No Further Rights in Stock. All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of Sections 2.1 2.01 and 2.2 2.02 hereof (including any cash paid pursuant to this Article II) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Titan Corp), Merger Agreement (Titan Corp)

No Further Rights in Stock. All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of Sections 2.1 and 2.2 hereof (including any cash paid pursuant to this Article II) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Edg Capital Inc)

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No Further Rights in Stock. All shares of Acquiror Parent Common Stock issued upon the surrender for exchange of Certificates in accordance with the terms of Sections 2.1 2.01 and 2.2 hereof 2.02 (including any cash paid pursuant to this Article II) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, Parent or the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II, except as otherwise provided by lawLaw.

Appears in 1 contract

Samples: Merger Agreement (Iec Electronics Corp)

No Further Rights in Stock. All shares of Acquiror Common Stock issued upon the surrender for exchange of Certificates pursuant to Section 2.1 and in accordance with the terms of Sections 2.1 this Section 2.2 (and 2.2 hereof (including any cash paid pursuant to this Article IIhereto) shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the shares of Company Common Stock theretofore represented by such Certificates, and there shall be no further registration of transfer transfers on the stock transfer books of the Company as the Surviving Corporation of the shares of Company Common Stock represented by such Certificates which were outstanding immediately prior to the Effective Time. If, after the Effective Time, any such Certificates are presented to Acquiror, the Surviving Corporation or the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article IIherein, except as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Think New Ideas Inc)

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