Common use of Unexchanged Certificates Clause in Contracts

Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Closing represented Client common stock shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of Acquisition common stock into which it was converted. No dividend or other distribution shall be paid to the holders of certificates of Client common stock until presented for exchange at which time any outstanding dividends or other distributions shall be paid.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Heyu Leisure Holidays Corp), Agreement and Plan of Reorganization (IIM Global Corp), Agreement and Plan of Reorganization (XTREME HEALTHCARE Corp)

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Unexchanged Certificates. Until surrendered, each outstanding certificate certificates that prior to the Closing represented Client common stock shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of Acquisition common stock into which it was converted. No dividend or other distribution shall be paid to the holders of certificates of Client common stock until presented for exchange at which time any outstanding dividends or other distributions shall be paid.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Interlock Services Inc)

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Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Closing represented Client Acquired Company common stock shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of Acquisition Digital Technologies common stock into which it was converted. No dividend or other distribution shall be paid to the holders of certificates of Client Acquired Company common stock until presented for exchange at which time any outstanding dividends or other distributions shall be paid.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Digital Donations Technologies, Inc.)

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