Surrender of Share Certificates. Each holder of a certificate representing shares to be converted or exchanged in the merger shall surrender such certificate for cancellation, and after the Effective Time and after such surrender, shall be entitled to receive in exchange therefor the consideration to which it is entitled under this Plan. Until so surrendered, each outstanding certificate that prior to the Effective Time represented shares of common stock of the Merging Corporation shall be deemed for all purposes to evidence ownership of the consideration to be issued and paid for the conversion or exchange of such shares under this Plan.
Appears in 3 contracts
Samples: Merger Agreement (Capital Bank Corp), Merger Agreement (High Street Corp), Merger Agreement (Capital Bank Corp)
Surrender of Share Certificates. Each holder of a certificate representing shares of the Company to be converted or exchanged in under this Plan will be entitled, upon presentation and surrender to the merger shall surrender Acquiror of such certificate for cancellationcertificate, and after the Effective Time and after such surrender, shall be entitled to receive in exchange therefor the consideration to which it is entitled under described in paragraph 2 of this Plan. Until so surrendered, each outstanding certificate that prior to the Effective Time represented shares of common stock of the Merging Corporation shall Company will be deemed for all purposes to evidence ownership of the consideration to be issued and paid for the conversion or exchange of such shares under this Planshares.
Appears in 2 contracts
Samples: Agreement and Plan of Share (Pf Management Inc), Agreement and Plan of Share (Pierre Foods Inc)
Surrender of Share Certificates. Each holder of a certificate representing shares to be converted or exchanged in the merger Merger shall surrender such certificate for cancellation, and after the Effective Time and after such surrender, shall be entitled to receive in exchange therefor the consideration to which it is entitled under this Plan. Until so surrendered, each outstanding certificate that prior to the Effective Time represented shares of common stock of the Merging Corporation shall be deemed for all purposes to evidence ownership of the consideration to be issued and paid for the conversion or exchange of such shares under this Plan.
Appears in 2 contracts
Samples: Merger Agreement (Capital Bank Corp), Merger Agreement (1st State Bancorp Inc)
Surrender of Share Certificates. Each holder of a certificate representing shares to be converted or exchanged in the merger Company Shares shall either surrender such certificate for cancellation, or deliver an executed and notarized affidavit of lost certificate(s) with respect to, the certificate(s) representing such Company Shares, and after the Effective Time and after such surrender, surrender or delivery shall be entitled to receive in exchange therefor the Merger consideration to which it such holder is entitled under this Plan. Until so surrendered, each outstanding certificate that prior to the Effective Time represented shares of common stock of the Merging Corporation shall be deemed for all purposes to evidence ownership of the consideration to be issued and paid for the conversion or exchange of such shares under this Plan.
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