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

Rights as Shareholders; Stock Transfers. At the Effective Time, all shares of HCBF Common Stock, when converted in accordance with Section 2.01, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each Certificate or Book-Entry Share previously evidencing such shares shall thereafter represent only the right to receive for each such share of HCBF Common Stock, the Merger Consideration and any cash in lieu of fractional shares of CenterState Common Stock in accordance with this Article II. At the Effective Time, holders of HCBF Common Stock shall cease to be, and shall have no rights as, shareholders of HCBF, other than the right to receive the Merger Consideration and cash in lieu of fractional shares of CenterState Common Stock as provided under this Article II. After the Effective Time, there shall be no registration of transfers on the stock transfer books of HCBF of shares of HCBF Common Stock.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (CenterState Banks, Inc.), Agreement and Plan of Merger (CenterState Banks, Inc.), Agreement and Plan of Merger (HCBF Holding Company, Inc.)

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Rights as Shareholders; Stock Transfers. At the Effective Time, all shares of HCBF HTB Common Stock, when converted in accordance with Section 2.01, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each Certificate or Book-Entry Share previously evidencing such shares shall thereafter represent only the right to receive for each such share of HCBF HTB Common Stock, the Merger Consideration and any cash in lieu of fractional shares of CenterState BFC Common Stock in accordance with this Article II. At the Effective Time, holders of HCBF HTB Common Stock shall cease to be, and shall have no rights as, shareholders of HCBFHTB, other than the right to receive the Merger Consideration and cash in lieu of fractional shares of CenterState BFC Common Stock as provided under this Article II. After At the Effective Time, the stock transfer books of HTB shall be closed, and there shall be no registration of transfers on the stock transfer books of HCBF HTB of shares of HCBF HTB Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank First Corp)

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