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: Agreement and Plan (New Millennium Media International Inc), Agreement and Plan of Merger (Scovel Management Inc)

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Unexchanged Certificates. Until surrendered, each outstanding certificate that prior to the Merger Date represented Sxxxxx Epilogue 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 NextPath Common Stock into which it was converted. No dividend or other distribution payable to holders of New Millennium NextPath Common Stock as of any date subsequent to the Merger Date shall be paid to the holders of outstanding certificates of Sxxxxx Epilogue 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 NextPath Common Stock represented thereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nextpath Technologies 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: Agreement and Plan of Merger (New Millennium Media International Inc)

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