Common use of Shares of Dissenting Stockholders Clause in Contracts

Shares of Dissenting Stockholders. (i) Notwithstanding anything in this Agreement to the contrary, any shares of Company Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has properly exercised such holder's appraisal rights (the "DISSENTING SHARES") under the DGCL shall not be converted into the right to receive the consideration provided for in this Section 2.05, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If any such holder shall have so failed to perfect or have effectively withdrawn or lost such right, each share of such holder's Company Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest thereon, the consideration provided for in this Section 2.05.

Appears in 2 contracts

Samples: Recapitalization Agreement and Plan of Merger (Travelcenters of America Inc), Agreement and Plan of Merger (Travelcenters of America LLC)

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Shares of Dissenting Stockholders. (ia) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised such holder's his or her appraisal rights (the "DISSENTING SHARESDissenting Shares") under the DGCL DGCL, shall not be converted into the right to receive the consideration provided for in this Section 2.05Merger Consideration, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If If, after the Effective Time, any such holder shall have so failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest or dividends thereon, the consideration provided for in this Section 2.05Article II.

Appears in 2 contracts

Samples: Recapitalization Agreement and Plan of Merger (Cornerstone Equity Investors Iv Lp), Agreement (Mikasa Inc)

Shares of Dissenting Stockholders. (ia) Notwithstanding anything in this Agreement to the contrary, any shares of Company NetGen Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has properly exercised such holder's ’s appraisal rights (the "DISSENTING SHARES"“Dissenting Shares”) under the DGCL shall not be converted into the right to receive the consideration provided for in this Section 2.05Article II, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If any such holder shall have so failed to perfect or have effectively withdrawn or lost such right, each share of such holder's Company ’s NetGen Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest thereon, the consideration provided for in this Section 2.05Article II.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netscout Systems Inc)

Shares of Dissenting Stockholders. (i) Notwithstanding anything in this Agreement to the contrary, any shares of Company Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has properly exercised such holder's ’s appraisal rights (the "DISSENTING SHARES"“Dissenting Shares”) under the DGCL shall not be converted into the right to receive the consideration provided for in this Section 2.05, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If any such holder shall have so failed to perfect or have effectively withdrawn or lost such right, each share of such holder's ’s Company Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest thereon, the consideration provided for in this Section 2.05.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hospitality Properties Trust)

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Shares of Dissenting Stockholders. (ia) --------------------------------- Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has properly exercised such holder's his or her appraisal rights (the "DISSENTING SHARESDissenting Shares") under the DGCL shall not be converted into the ----------------- right to receive the consideration provided for in this Section 2.05Article III, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If any such holder shall have so failed to perfect or have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest thereon, the consideration provided for in this Section 2.05Article III.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sealy Corp)

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