Common use of Shareholder Rights; Stock Transfers Clause in Contracts

Shareholder Rights; 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 the Merger Consideration for each share of Seller Common Stock held. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of shares of Seller Common Stock and if Certificates are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation against delivery of the Merger Consideration. No interest shall be paid on the Merger Consideration.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Citizens First Bancorp Inc), Agreement and Plan of Merger (Wayne Savings Bancshares Inc /De/), Agreement and Plan of Merger (Advance Financial Bancorp)

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Shareholder Rights; 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 the Per Share Merger Consideration for each share of Seller Common Stock held. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of shares of Seller Common Stock and if Certificates are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation against delivery of the Per Share Merger Consideration. No interest shall be paid on the Per Share Merger Consideration.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Citizens First Bancorp Inc), Agreement and Plan of Merger (Industrial Bancorp Inc), Agreement and Plan of Merger (Wayne Savings Bancshares Inc /De/)

Shareholder Rights; Stock Transfers. At the Effective Time, holders of Seller Company Common Stock shall cease to be and shall have no rights as shareholders of Sellerthe Company, other than to receive the Merger Consideration for each share of Seller Common Stock heldconsideration provided under Sections 2.3 and 2.5 hereof. After the Effective Time, there shall be no transfers on the stock transfer transfers books of Seller the Company or the Surviving Corporation of shares of Seller Company Common Stock and if Certificates certificates evidencing such shares are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation cancelled against delivery of the Merger Consideration. No interest shall be paid on the Merger Considerationcertificates for whole shares of Holding Company Common Stock (plus cash in lieu of any fractional share interest) as herein provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (KNBT Bancorp Inc), Agreement and Plan of Merger (First Colonial Group Inc)

Shareholder Rights; 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 such rights as they may have under the Merger Consideration for each share of Seller Common Stock heldDGCL. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of shares of Seller Common Stock and if Certificates are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation against delivery of the Merger Consideration. No interest shall be paid on the Merger Consideration.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hudson River Bancorp Inc), Agreement and Plan of Merger (Ambanc Holding Co Inc)

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Shareholder Rights; 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 such rights as they may have under the Merger Consideration for each share of Seller Common Stock heldDGCL. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of shares of Seller Common Stock and if Certificates are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation against delivery of the Merger Consideration. No interest shall be paid on the Merger Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Teche Holding Co)

Shareholder Rights; 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 the Merger Consideration for each share of Seller Common Stock heldconsideration provided under Section 2.3 hereof. After the Effective Time, there shall be no transfers on the stock transfer books of Seller or the Surviving Corporation of shares of Seller Common Stock and if Certificates certificates evidencing such shares are presented for transfer after the Effective Time, they shall be delivered to Buyer or the Exchange Agent for cancellation canceled against delivery of the Merger Consideration. No interest shall be paid on the Merger ConsiderationConsideration as herein provided.

Appears in 1 contract

Samples: Agreement and Plan of Merger (East Texas Financial Services Inc)

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