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 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 as provided therefor in this Agreement. 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 (SFS Bancorp Inc)
Shareholder Rights; Stock Transfers. At the Effective Time, holders of Seller Common Stock shall cease to be be, and shall have no rights as 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, Buyer Bank or the Exchange Agent for cancellation against delivery of the Per Share Merger Consideration as provided therefor in this AgreementConsideration. No interest shall be paid on the Per Share Merger Consideration.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Potters Financial Corp), Agreement and Plan of Merger (United Community Financial Corp)
Shareholder Rights; Stock Transfers. At the Effective Time, holders of Seller Common Stock shall cease to be be, and shall have no rights as 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 and, if Certificates any certificates for shares of Seller Common Stock ("Certificates") are presented for transfer after the Effective Time, they shall be delivered to Buyer, Buyer Bank or the Exchange Agent for cancellation against delivery of the Per Share Merger Consideration as provided therefor in this AgreementConsideration. No interest shall be paid on the Per Share Merger Consideration.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Potters Financial Corp)
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 Per Share Stock Consideration for each share of Seller Stock held. After the Effective TimeClosing, 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 to either Seller or the Surviving Corporation for transfer after the Effective TimeClosing, they shall be delivered to Buyer or the Exchange Agent for cancellation against delivery of the Merger Consideration as provided therefor in this AgreementPer Share Stock Consideration. No interest shall be paid on the Merger Per Share Stock Consideration.
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