Status of Certificates. Until surrendered in accordance with the provisions of this Section 1.2.6, from and after the Effective Time, each MGI Certificate (other than (i) MGI Certificates representing shares of MGI Common Stock held in the treasury of the Surviving Corporation and (ii) Dissenting Shares in respect of which appraisal rights are perfected) shall represent for all purposes only the right to receive such number of LLC Units as determined in the manner set forth in this Agreement and shall not itself represent an equity interest in the Parent, which shall be represented only by LLC Unitx.
Status of Certificates. At and after the Effective Time, each outstanding certificate which previously represented shares of Company Common Stock (except any Dissenting Shares, which Dissenting Shares will evidence only the rights specified in Section 1.4 hereof, and as set forth in Section 1.3(a)(ii) hereof), shall until surrendered for exchange pursuant to this Article I be deemed for all purposes to evidence only the right to receive cash in accordance with the provisions of this Agreement and shall not be deemed to confer upon the holder thereof any voting, dividend or other rights of a shareholder of the Surviving Corporation. After the Effective Time, there shall be no further registration or transfer on the records of the Surviving Corporation of shares of Company Common Stock (except the shares of common stock of the Surviving Corporation issued pursuant to Section 1.3(b) hereof), and if a certificate formerly representing such shares is presented to NewSouth, it shall be forwarded to the Exchange Agent for cancellation and exchange for the Merger Consideration.
Status of Certificates. Until surrendered in accordance ---------------------- with the provisions of this Section 1.7, from and after the Effective Time, each Certificate (other than Certificates representing former shares of Common Stock held in the treasury of the Surviving Corporation or by any Subsidiary of the Surviving Corporation) shall represent for all purposes only the right to receive a portion of the Merger Consideration as determined and paid in the manner set forth in this Agreement.
Status of Certificates. At and after the Effective Time, each outstanding certificate which previously represented shares of Sterling Common Stock (except any Dissenting Shares, which Dissenting Shares shall evidence only the rights specified in Section 3.3(D)) shall be deemed to evidence only the right to receive cash in accordance with the provisions of this Section 3.3 and shall not be deemed to confer upon the holder thereof any voting, dividend or other rights of a stockholder of Xxxxx-Xxxxx, Xxxxxxxx, the Continuing Corporation, or the Continuing Bank. No interest on any amount payable to any former holder of Sterling Common Stock shall accrue or be paid to such holder for the period following the Effective Time.
Status of Certificates. At and after the Effective ---------------------- Time, until surrendered as provided in this Section 1.6 hereof, each outstanding certificate which, prior to the Effective Time, represented Company Common Stock (other than shares cancelled at the Effective Time pursuant to Section 1.3(a)(ii) hereof and except any Objecting Shares, which Objecting Shares will evidence only the rights specified in Section 1.4 hereof) will be deemed for all corporate purposes to evidence ownership of the number of whole shares of Preferred Stock into which the shares of Company Common Stock formerly represented thereby were converted and the right to receive cash payable for the Cash Consideration and in lieu of any fractional interest and shall not be deemed to confer upon the holder thereof any voting, dividend or other rights of a shareholder of the Surviving Corporation. However, until such outstanding certificates formerly representing Company Common Stock are so surrendered or the procedures in Section 1.6(f) are complied with, no dividend or distribution payable to holders of record of Preferred Stock shall be paid to any holder of such outstanding certificates, but upon surrender of such outstanding certificates by such holder there shall be paid to such holder any dividends, without interest, theretofore paid with respect to such whole share of Preferred Stock, but not paid to such holder, and the amount of any cash, without interest, payable to such holder for the Cash Consideration and in lieu of a fractional share pursuant to Section 1.7 hereof. After the Effective Time, there shall be no further registration or transfer on the records of the Surviving Corporation of shares of Company Common Stock (except the shares of common stock of the Surviving Corporation issued pursuant to Section 1.3(b) hereof), and if a certificate formerly representing such shares is presented to Patapsco, it shall be forwarded to the Exchange Agent for cancellation and exchange for the Merger Consideration.
Status of Certificates
