Common use of No Further Rights of Transfers Clause in Contracts

No Further Rights of Transfers. At and after the Effective Time, each holder of Shares shall cease to have any rights as a shareholder of the Company, except as otherwise required by Applicable Law and except for, in the case of a holder of a Certificate (other than Shares to be canceled pursuant to Section 2.5(a)), the right to surrender his or her Certificate in exchange for payment of the applicable aggregate Merger Price, and no transfer of Shares shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled and exchanged for cash as provided in this Article II. At the close of business on the day of the Effective Time the stock ledger of the Company with respect to the Shares shall be closed.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Agl Resources Inc), Agreement and Plan of Merger (Nui Corp /Nj/)

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No Further Rights of Transfers. At and after the Effective Time, each holder of Shares a Certificate shall cease to have any rights as a shareholder stockholder of the Company, except as otherwise required by Applicable Law and except for, in the case of a holder of a Certificate (other than Shares shares to be canceled cancelled pursuant to Section 2.5(a)2.2(a) hereof), the right to surrender his or her Certificate in exchange for payment of the applicable aggregate Merger PriceConsideration, and no transfer of Shares shares of Common Stock shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled cancelled and exchanged for cash as provided in this Article II. At the close of business on the day of the Effective Time the stock ledger of the Company with respect to the Shares Common Stock shall be closed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Geon Co)

No Further Rights of Transfers. At and after the Effective Time, each holder of Shares shall cease to have any rights as a shareholder of the Company, except as otherwise required by Applicable applicable Law and except for, in the case of a holder of a Certificate (other than Shares to be canceled pursuant to Section 2.5(a)), the right to surrender his or her Certificate in exchange for payment of the applicable aggregate Merger Pricein accordance with this Article II, and no transfer of Shares shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled and exchanged for cash as provided in this Article II. At the close of business on the day As of the Effective Time the stock ledger of the Company with respect to the Shares shall be closed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Green Mountain Power Corp)

No Further Rights of Transfers. At and after the Effective Time, each holder of Shares shall cease to have any rights as a shareholder of the Company, except as otherwise required by Applicable Law applicable law and except for, in the case of a holder of a Certificate certificate representing Shares (other than Shares to be canceled pursuant to Section 2.5(a)), the right to surrender his or her Certificate such certificate in exchange for payment of the applicable aggregate Merger Pricein accordance with this Article II, and no transfer of Shares shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled and exchanged for cash as provided in this Article II. At the close of business on the day of the Effective Time the stock ledger of the Company with respect to the Shares shall be closed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Duke Energy CORP)

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No Further Rights of Transfers. At and after the Effective Time, each ------------------------------ holder of Shares a Certificate shall cease to have any rights as a shareholder stockholder of the Company, except as otherwise required by Applicable Law and except for, in the case of a holder of a Certificate (other than Shares shares to be canceled cancelled pursuant to Section 2.5(a)2.2(a) hereof), the right to surrender his or her Certificate in exchange for payment of the applicable aggregate Merger PriceConsideration, and no transfer of Shares shares of Common Stock shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled cancelled and exchanged for cash as provided in this Article II. At the close of business on the day of the Effective Time the stock ledger of the Company with respect to the Shares Common Stock shall be closed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Osullivan Corp)

No Further Rights of Transfers. At and after the Effective Time, each holder of Shares a Certificate shall cease to have any rights as a shareholder stockholder of the Company, except as otherwise required by Applicable Law and except for, in the case of a holder of a Certificate (other than Shares shares to be canceled cancelled pursuant to Section 2.5(a)1.02(a) hereof), the right to surrender his or her Certificate in exchange for payment of the applicable aggregate Merger PriceConsideration, and no transfer of Shares shares of Common Stock shall be made on the stock transfer books of the Surviving Corporation. Certificates presented to the Surviving Corporation after the Effective Time shall be canceled cancelled and exchanged for cash as provided in this Article II. I. At the close of business on the day of the Effective Time the stock ledger of the Company with respect to the Shares Common Stock shall be closed.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Outsourcing Solutions Inc)

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