Common use of Rights of Former Company Shareholders Clause in Contracts

Rights of Former Company Shareholders. (a) At the Effective ------------------------------------- Time, the stock transfer books of the Company shall be closed as to holders of the Company Common Stock immediately prior to the Effective Time, and no transfer of the Company Common Stock by any such holder shall thereafter be made or recognized. Until surrendered for exchange in accordance with the provisions of Section 2.2(b) of this Agreement, each certificate theretofore representing shares of the Company Common Stock shall from and after the Effective Time represent for all purposes only the right to receive the consideration provided in Section 2.1 and 2.3 of this Agreement in exchange therefor.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Intercept Group Inc)

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Rights of Former Company Shareholders. (a) At the Effective ------------------------------------- Time, the stock transfer books of the Company shall be closed as to holders of the Company Common Stock immediately prior to the Effective Time, and no transfer of the Company Common Stock by any such holder shall thereafter be made or recognized. Until surrendered for exchange in accordance with the provisions of Section 2.2(b) of this Agreement2.1, each certificate theretofore Company Certificate (other than Company Certificates representing shares of the Company Common Stock Excluded Shares) shall from and after the Effective Time represent for all purposes only the right to receive the consideration provided in Section 2.1 and 2.3 of this Agreement Merger Consideration in exchange therefor.

Appears in 1 contract

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

Rights of Former Company Shareholders. (a) At the Effective ------------------------------------- TimeClosing, the stock transfer books of the Company shall be closed as to holders of the Company Common Stock immediately prior to the Effective Time, and no transfer of the Company Common Stock by any such holder shall thereafter be made or recognized. Until surrendered for exchange in accordance with the provisions of Section 2.2(b) of this Agreement, each certificate theretofore representing shares of the Company Common Stock shall from and after the Effective Time represent for all purposes only the right to receive the consideration provided in Section 2.1 and 2.3 of this Agreement in exchange therefor.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ebank Com Inc)

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Rights of Former Company Shareholders. (a) At the ------------------------------------- Effective ------------------------------------- Time, the stock transfer books of the Company Companies shall be closed as to holders of the Company Common Stock immediately prior to the Effective Time, and no transfer of the Company Common Stock by any such holder shall thereafter be made or recognized. Until surrendered for exchange in accordance with the provisions of Section 2.2(b) of this Agreement, each certificate theretofore representing shares of the Company Common Stock shall from and after the Effective Time represent for all purposes only the right to receive the consideration provided in Section 2.1 and 2.3 of this Agreement in exchange therefor.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Intercept Group Inc)

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