Common use of VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES Clause in Contracts

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shall be entitled to vote the same; provided, however, that, there shall also be deposited with Republic subject to the terms of this Article, all shares of Republic Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 3 contracts

Samples: Merger Agreement (Republic Industries Inc), Merger Agreement (Republic Industries Inc), Reorganization Agreement (Republic Industries Inc)

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VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shall be entitled to vote the same; provided, however, that, there shall also be deposited with Republic subject to the terms of this Article, all shares of Republic Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back SharesShares (any such cash shall be deemed "Cash Collateral" hereunder). All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 1 contract

Samples: Merger Agreement (Republic Industries Inc)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders Company and the Shareholders Company shall be entitled to vote the sameHeld Back Shares; provided, however, that, there shall also be deposited with Republic ViaSource subject to the terms of this ArticleArticle V, all shares of Republic ViaSource Common Stock issued to the Shareholders Company as a result of any stock dividend or stock split and all cash issuable to the Shareholders Company as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 1 contract

Samples: Asset Purchase Agreement (Viasource Communications Inc)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shareholders shall be entitled to vote the same; provided, however, that, there shall also be deposited with Republic Nations subject to the terms of this Article, all shares of Republic Nations Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares Shareholders together with such Held Back Shares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Nationsrent Inc)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders Company and the Shareholders Company shall be entitled to vote the sameHeld Back Shares; provided, however, that, there shall also be deposited with Republic Medical Manager subject to the terms of this ArticleArticle VIII, all shares of Republic Medical Manager Common Stock issued to the Shareholders Company as a result of any stock dividend or stock split and all cash issuable to the Shareholders Company as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 1 contract

Samples: Purchase Agreement (Medical Manager Corp)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders Shareholder and the Shareholders Shareholder shall be entitled to vote the sameHeld Back Shares; provided, however, that, there shall also be deposited with Republic subject to the terms of this ArticleArticle IX, all shares of Republic Common Stock issued to the Shareholders Shareholder as a result of any stock dividend or stock split and all cash issuable to the Shareholders Shareholder as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 1 contract

Samples: Merger Agreement (Republic Industries Inc)

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VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shall be entitled to vote the sameHeld Back Shares in accordance with Schedule 2.1; provided, however, that, there shall also be deposited with Republic ViaSource subject to the terms of this ArticleArticle VIII, all shares of Republic ViaSource Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back Shares. All stock issued or issuable and cash issued paid or payable or paid upon the Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares together with such Held Back Shares.

Appears in 1 contract

Samples: Merger Agreement (Viasource Communications Inc)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect ----------------------------------------------- to shares transferred pursuant to the foregoing right of setoff (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shall be entitled to vote the same; provided, however, that, there shall also be deposited with Republic the -------- ------- United Companies subject to the terms of this Article, all shares of Republic United Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all split. All cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back Shares, shall be payable to and become the sole property of the Shareholders. All stock and cash issued or paid upon with respect to Held Back Shares shall be distributed to the person or entity entitled to receive such Held Back Shares Shareholders together with such Held Back Shares.

Appears in 1 contract

Samples: Merger Agreement (United Road Services Inc)

VOTING OF AND DIVIDENDS ON THE HELD BACK SHARES. Except with respect to shares transferred pursuant to the foregoing right of setoff set off (and in the case of such shares, until the same are transferred), all Held Back Shares shall be deemed to be owned by the Shareholders and the Shareholders shall be entitled to vote the same; provided, however, that, there shall also be deposited with Republic United subject to the terms of this Article, all shares of Republic United Common Stock issued to the Shareholders as a result of any stock dividend or stock split and all cash issuable to the Shareholders as a result of any cash dividend, with respect to the Held Back Shares. All stock and cash issued or paid upon Held Back Shares shall be distributed delivered to the person or entity entitled to receive such Held Back Shares Shareholders together with such Held Back Shares.

Appears in 1 contract

Samples: Merger Agreement (United Road Services Inc)

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