Common use of Transfer Books; No Further Ownership Rights in the Stock Clause in Contracts

Transfer Books; No Further Ownership Rights in the Stock. Upon the Closing Date, the transfer books of the Company shall be closed, and thereafter there shall be no further registration of transfers of Company Shares on the records of the Company by the Stockholders. From and after the Closing Date, the holders of the Certificates evidencing ownership of the Company Shares outstanding immediately prior to the Closing shall cease to have any rights with respect to such Company Shares, except as otherwise provided for herein or by applicable law. If, after the Closing, Company Shares are presented to the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Section 2(b).

Appears in 2 contracts

Samples: Merger Agreement (Blue Earth, Inc.), Merger Agreement (Blue Earth, Inc.)

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Transfer Books; No Further Ownership Rights in the Stock. Upon At the Closing DateClosing, the stock transfer books of the Company Corporation shall be closed, and thereafter there shall be no further registration of transfers of Company Shares the Stock on the records of the Company Corporation by the StockholdersSellers. From and after the Closing DateClosing, the holders of the Certificates evidencing ownership of the Company Shares Stock outstanding immediately prior to the Closing shall cease to have any rights with respect to such Company SharesStock, except as otherwise provided for herein or by applicable law. If, after the Closing, Company Shares Certificates are presented to the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Section 2(b)1.6.

Appears in 1 contract

Samples: Stock Purchase Agreement (Stone Consulting Services Inc)

Transfer Books; No Further Ownership Rights in the Stock. Upon At the Closing DateEffective Time, the stock transfer books of the Company Corporation shall be closed, and thereafter there shall be no further registration of transfers of Company Shares the Stock on the records of the Company Corporation by the Stockholders. From and after the Closing DateEffective Time, the holders of the Certificates evidencing ownership of the Company Shares Stock outstanding immediately prior to the Closing Effective Time shall cease to have any rights with respect to such Company SharesStock, except as otherwise provided for herein or by applicable law. If, after the ClosingEffective Time, Company Shares Certificates are presented to the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Section 2(b1(i)(iii).

Appears in 1 contract

Samples: Merger Agreement (Andover Medical, Inc.)

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Transfer Books; No Further Ownership Rights in the Stock. Upon At the Closing Signing Date, the transfer books of the Company shall be closed, and thereafter there shall be no further registration of transfers of Company Shares on the records of the Company by the Stockholders. From and after the Closing Date, Signing Date the holders of the Certificates evidencing ownership of the Company Shares outstanding immediately prior to the Closing shall cease to have any rights with respect to such Company Shares, except as otherwise provided for herein or by applicable law. If, after the Closing, Company Shares are presented to the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Section 2(b2(e).

Appears in 1 contract

Samples: Merger Agreement (Blue Earth, Inc.)

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