Common use of No Further Rights of Transfer Clause in Contracts

No Further Rights of Transfer. At and after the Effective Time, each holder of a certificate for Common Stock (a "Certificate") shall cease to have any rights as a Shareholder, except for the right to surrender his or her Certificate (other than Certificates representing Dissenting Shares or Subsidiary Shares) in exchange for payment of the Merger Consideration deliverable in respect thereof, or, in the case of a Dissenting Shareholder, to perfect his or her right to receive payment for his or her shares pursuant to applicable law if such holder has validly perfected and not withdrawn his or her right to receive payment for his or her shares, and no transfer of shares of Common Stock shall be made on the stock transfer books of the Company. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled and exchanged for MW Common Stock and cash as provided in this Article I. At the close of business on the day of the Effective Time, the stock ledger of the Company with respect to Common Stock shall be closed.

Appears in 6 contracts

Samples: Acquisition Agreement and Plan of Merger (Mail Well Inc), Acquisition Agreement and Plan of Merger (Mail Well Inc), Acquisition Agreement and Plan of Merger (Mail Well Inc)

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