Common use of Right to Merger Consideration Clause in Contracts

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER nor COMPANY shall be liable to any holder of COMPANY Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Merger Agreement (Moovies Inc), Merger Agreement (Video Update Inc)

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Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER nor COMPANY shall be liable to any holder of shares of COMPANY Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (Barbers Hairstyling for Men & Women Inc)

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Company Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration, except as set forth in the Notes. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (Intersearch Group Inc)

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.93.5, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares evidenced by Consideration for such Certificate, and any holder thereof shall have no ownership or other rightsrights with respect to such Company Shares represented by a Certificate. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER nor COMPANY None of the Exchange Agent, Acquirer, or the Company shall be liable to any holder of COMPANY Company Shares or Exercisable Options for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (On Site Sourcing Inc)

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Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares Company Common Shares, evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Common Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (Intersearch Group Inc)

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares Company Shares, evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration, except as set forth in the Notes. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Merger Agreement (Intersearch Group Inc)

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