RIGHTS UPON EXCHANGE. (a) The aggregate amount of the Merger Consideration paid upon the surrender for exchange of Membership Interests in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Membership Interests. (b) At and after the Effective Time, there shall be no transfers on the books and records of the Investment Entity of Membership Interests which were outstanding immediately prior to the Effective Time. (c) No fractional OP Units shall be issued pursuant hereto. The number of OP Units issued to any holder of Membership Interests immediately prior to the Effective Time shall be rounded to the nearest whole OP Unit.
Appears in 5 contracts
Samples: Merger Agreement (Dupont Fabros Technology, Inc.), Merger Agreement (Dupont Fabros Technology, Inc.), Merger Agreement (Dupont Fabros Technology, Inc.)
