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

Rights as Shareholders; Stock Transfers. At the Effective Time, holders of Seller Common Stock shall cease to be, and shall have no rights as, shareholders of Seller, other than to receive any dividend or other distribution with respect to such Seller Common Stock with a record date occurring prior to the Effective Time and the consideration provided under this Article III. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of any shares of Seller Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (S&t Bancorp Inc), Agreement and Plan of Merger (Ibt Bancorp Inc)

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Rights as Shareholders; Stock Transfers. At the Effective Time, holders of Seller Company Common Stock (other than Dissenters’ Shares, if applicable) shall cease to be, and shall have no rights as, shareholders of Sellerthe Company, other than to receive any dividend or other distribution with respect to such Seller Company Common Stock with a record date occurring prior to the Effective Time and the consideration right to receive Consideration provided under this Article III. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of any shares of Seller StockCompany Common Stock (other than Dissenters’ Shares, if applicable).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Flag Financial Corp)

Rights as Shareholders; Stock Transfers. At the Effective Time, holders of Seller Company Common Stock shall cease to be, and shall have no rights as, as shareholders of Seller, the Company other than to receive any dividend or other distribution with respect to such Seller Parent Common Stock with a record date occurring prior to the Effective Time and the consideration provided under this Article IIIStock. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation Company of any shares of Seller StockCompany Common Stock that was outstanding immediately prior to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Natural Grocers by Vitamin Cottage, Inc.)

Rights as Shareholders; Stock Transfers. At the Effective Time, holders of Seller Company Common Stock (other than Dissenters' Shares, if applicable) shall cease to be, and shall have no rights as, shareholders of Sellerthe Company, other than to receive any dividend or other distribution with respect to such Seller Company Common Stock with a record date occurring prior to the Effective Time and the consideration right to receive Consideration provided under this Article III. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of any shares of Seller StockCompany Common Stock (other than Dissenters' Shares, if applicable).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eagle Bancshares Inc)

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Rights as Shareholders; Stock Transfers. At the Effective Time, holders of Seller Common Stock shall cease to be, and shall have no rights as, shareholders of Seller, other than the right to receive (a) any dividend or other distribution permitted to be paid under Section 3.01(c) with respect to such Seller Common Stock with a record date occurring prior to the Effective Time and (b) the consideration provided under this Article IIIMerger Consideration. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of any shares of Seller Common Stock.

Appears in 1 contract

Samples: Merger Agreement (Rexnord LLC)

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