Common use of Rights as Shareholders; Share Transfers Clause in Contracts

Rights as Shareholders; Share Transfers. At the Effective Time, holders of Company Common Stock shall cease to be, and shall have no rights as, Shareholders of the Company, other than to receive any dividend or other distribution with respect to such Company Common Stock with a record date occurring prior to the date hereof and the Merger Consideration provided under this Section 3. After the Effective Time, there shall be no transfers on the share transfer books of the Company or the Surviving Corporation of shares of Company Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Gray Communications Systems Inc /Ga/), Agreement and Plan of Merger (Gray Communications Systems Inc /Ga/)

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Rights as Shareholders; Share Transfers. At the Effective Time, holders of shares of Company Common Stock shall cease to be, and shall have no rights as, Shareholders shareholders of the Company, other than (a) to receive any dividend or other distribution with respect to such shares of Company Common Stock with a record date occurring prior to the date hereof Effective Time and (b) to receive the Merger Consideration consideration provided under this Section 3. After the Effective Time, there shall be no transfers on the share transfer books of the Company or the Surviving Corporation of shares of Company Common StockArticle II.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vectren Utility Holdings Inc), Agreement and Plan of Merger

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Rights as Shareholders; Share Transfers. At the Effective Time, except as set forth in Section 2.05, holders of shares of Company Common Stock shall cease to be, and shall have no rights as, Shareholders shareholders of the Company, other than (a) to receive any dividend or other distribution with respect to such shares of Company Common Stock with a record date occurring prior to the date hereof Effective Time and (b) to receive the Merger Consideration consideration provided under this Section 3. After the Effective Time, there shall be no transfers on the share transfer books of the Company or the Surviving Corporation of shares of Company Common StockArticle II.

Appears in 1 contract

Samples: Agreement and Plan of Merger (El Paso Electric Co /Tx/)

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