Common use of Shareholder’s Rights upon Merger Clause in Contracts

Shareholder’s Rights upon Merger. Upon consummation of the Merger, the certificates which theretofore represented the Company Shares (the "Certificates") shall cease to represent any rights with respect thereto, and, subject to applicable Law (as defined below) and this Agreement, shall only represent the right to receive the Merger Consideration, including the amount of cash, if any, payable in lieu of fractional shares of Purchaser Stock into which the Company Shares have been converted pursuant to this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rainforest Cafe Inc), Agreement and Plan of Merger (Lakes Gaming Inc)

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Shareholder’s Rights upon Merger. (a) Upon consummation of the Merger, certificates that immediately prior to the certificates which theretofore Effective Time represented the Company outstanding Shares (the "Certificates") shall cease to represent any rights with respect thereto, and, subject to applicable Law (as defined below) and this Agreement, the Certificates shall only represent the right to receive the applicable portion of the Merger Consideration, including the amount of cash, if any, Consideration payable in lieu of fractional shares of Purchaser Stock into which the Company Shares have been converted pursuant hereunder with respect to this Agreementsuch Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ixia)

Shareholder’s Rights upon Merger. Upon consummation of the Merger, the certificates which theretofore represented the Company Shares (the "Certificates") shall cease to represent any rights with respect thereto, and, subject to applicable Law (as defined in Section 2.6 below) and this Agreement, shall only represent the right to receive the Merger Consideration, including the amount of cash, if any, payable in lieu of fractional shares of Purchaser Stock into which the Company Shares have been converted pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Biometrics Inc)

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Shareholder’s Rights upon Merger. Upon consummation of the Merger, the Shareholders shall cease to have any rights with respect to the certificates which theretofore represented the shares of Company Shares (the "Certificates") shall cease to represent any rights with respect thereto), and, subject to applicable Law (as defined below) law and this Agreement, shall only represent have the right to receive their pro rata share of the Total Merger Consideration, including their pro rata share of the amount number of cash, if any, payable in lieu of fractional shares of Purchaser Stock OCIS Shares into which the Company Shares have has been converted pursuant to this AgreementAgreement and the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ecology Coatings, Inc.)

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