Common use of No Further Rights in the Company Stock Clause in Contracts

No Further Rights in the Company Stock. The applicable portion of the Merger Consideration paid or payable in respect of the surrender for exchange of shares of the Company Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares. If, after the Merger I Effective Time, Company Stock Certificates are presented to Purchaser for any reason, they shall be canceled and exchanged as provided in this Section 1.16.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Instructure Inc)

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No Further Rights in the Company Stock. The applicable portion of the Merger Consideration paid or payable in respect of the surrender for exchange of shares of the Company Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares. If, after the Merger I Effective Time, Company Stock Certificates are presented to Purchaser for any reason, they shall be canceled and exchanged as provided in this Section 1.16.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Purple Innovation, Inc.)

No Further Rights in the Company Stock. The applicable portion of the Merger Consideration paid or payable in respect of the surrender for exchange of shares of the Company Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares. If, after the Merger I Effective Time, certificates evidencing capital stock of Company (“Company Stock Certificates Certificates”) are presented to Purchaser for any reason, they shall be canceled and exchanged as provided in this Section 1.161.17.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Instructure Inc)

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No Further Rights in the Company Stock. The applicable portion of the Merger Consideration paid or payable in respect of the surrender for exchange of shares of the Company Stock in accordance with the terms hereof shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares. If, after the Merger I Effective Time, certificates evidencing Company Capital Stock (“Company Stock Certificates Certificates”) are presented to Purchaser for any reason, they shall be canceled and exchanged as provided in this Section 1.161.10.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Instructure Inc)

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