Rights of Certificate Holders after the Effective Time. The holder of a Certificate that prior to the Merger represented issued and outstanding Boardwalk Bancorp Common Stock shall have no rights, after the Effective Time, with respect to such Boardwalk Bancorp Common Stock except to surrender the Certificate in exchange for the Merger Consideration as provided in this Agreement. No dividends or other distributions declared after the Effective Time with respect to Cape Bancorp Common Stock shall be paid to the holder of any unsurrendered Certificate until the holder thereof shall surrender such Certificate in accordance with this Section 3.3. After the surrender of a Certificate in accordance with this Section 3.3, the record holder thereof shall be entitled to receive any such dividends or other distributions, without any interest thereon, which theretofore had become payable with respect to shares of Cape Bancorp Common Stock represented by such Certificate.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Cape Bancorp, Inc.), Agreement and Plan of Reorganization (Boardwalk Bancorp Inc)
Rights of Certificate Holders after the Effective Time. The holder of a Certificate that prior to the Merger represented issued and outstanding Boardwalk Bancorp Colonial Financial Common Stock shall have no rights, after the Effective Time, with respect to such Boardwalk Bancorp Colonial Financial Common Stock except to surrender the Certificate in exchange for the Merger Consideration as provided in this Agreement. No dividends or other distributions declared after the Effective Time with respect to Cape Bancorp Common Stock shall be paid to the holder of any unsurrendered Certificate until the holder thereof shall surrender such Certificate in accordance with this Section 3.3. After the surrender of a Certificate in accordance with this Section 3.3, the record holder thereof shall be entitled to receive any such dividends or other distributions, without any interest thereon, which theretofore had become payable with respect to shares of Cape Bancorp Common Stock represented by such Certificate.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Cape Bancorp, Inc.), Agreement and Plan of Merger (Colonial Financial Services, Inc.)
