Common use of Unexchanged Certificates Clause in Contracts

Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Merger Date represented Sxxxxx Common Stock (other than certificates representing Dissenting Shares) shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of New Millennium Common Stock into which it was converted. No dividend or other distribution payable to holders of New Millennium Common Stock as of any date subsequent to the Merger Date shall be paid to the holders of outstanding certificates of Sxxxxx Common Stock; provided, however, that upon surrender and exchange of such outstanding certificates (other than certificates representing Dissenting Shares), there shall be paid to the record holders of the certificates issued in exchange therefore the amount, without interest thereon, of dividends and other distributions that would have been payable subsequent to the Merger Date with respect to the shares of New Millennium Common Stock represented thereby.

Appears in 2 contracts

Samples: Merger Agreement (New Millennium Media International Inc), Merger Agreement (Scovel Management Inc)

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Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Merger Date represented Sxxxxx Xxxxxxx Common Stock (other than certificates representing Dissenting Shares) shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of New Millennium IS4B Common Stock into which it was converted. No dividend or other distribution payable to holders of New Millennium IS4B Common Stock as of any date subsequent to the Merger Date shall be paid to the holders of outstanding certificates of Sxxxxx Xxxxxxx Common Stock; provided, however, that upon surrender and exchange of such outstanding certificates (other than certificates representing Dissenting Shares), there shall be paid to the record holders of the certificates issued in exchange therefore therefor the amount, without interest thereon, of dividends and other distributions that would have been payable subsequent to the Merger Date with respect to the shares of New Millennium IS4B Common Stock represented thereby.

Appears in 2 contracts

Samples: Merger Agreement (Internet Solutions for Business Inc), Merger Agreement (Chauvin Enterprises Inc)

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Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Merger Date represented Sxxxxx Xxxxxx Common Stock (other than certificates representing Dissenting Shares) shall be deemed for all purposes, other than the payment of dividends or other distributions, to evidence ownership of the number of shares of New Millennium Common Stock into which it was converted. No dividend or other distribution payable to holders of New Millennium Common Stock as of any date subsequent to the Merger Date shall be paid to the holders of outstanding certificates of Sxxxxx Xxxxxx Common Stock; provided, however, that upon surrender and exchange of such outstanding certificates (other than certificates representing Dissenting Shares), there shall be paid to the record holders of the certificates issued in exchange therefore the amount, without interest thereon, of dividends and other distributions that would have been payable subsequent to the Merger Date with respect to the shares of New Millennium Common Stock represented thereby.

Appears in 1 contract

Samples: Merger Agreement (New Millennium Media International Inc)

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