Common use of Surrender of Share Certificates Clause in Contracts

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 (Capital Bank Corp), Merger Agreement (High Street Corp)

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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: Share Exchange Agreement (Pierre Foods Inc), Share Exchange Agreement (Pf Management Inc)

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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)

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