Common use of Surrender of Share Certificates Clause in Contracts

Surrender of Share Certificates. Each of the Shareholders shall at the Closing surrender the certificate or certificates representing the Shares held by the Shareholders to the Purchaser duly endorsed for transfer to the Purchaser, and each of the Shareholders in return shall be entitled to receive a certificate representing his or her number of Consideration Shares. Until such surrender and exchange, the share certificate or certificates representing Shares held by the Shareholders shall be evidence of their respective right to be registered as holders of Consideration Shares.

Surrender of Share Certificates. Each of the The Shareholders shall at the Closing surrender the certificate or certificates representing the Foro Shares held by the Shareholders to the Purchaser duly endorsed for transfer to the Purchaser, and each of the Purchaser in return will deliver to the Shareholders in return shall be entitled to receive a certificate representing his one or her number of Consideration Shares. Until such surrender and exchange, the share certificate or more certificates representing the Consideration Shares held by in such numbers as set out opposite the Shareholders shall be evidence name of their respective right to be registered as holders each Shareholder in Schedule A. Resale Restrictions, Escrow Provisions and Legending of Consideration SharesShare Certificates.