Dissenting Shares definition
Examples of Dissenting Shares in a sentence
Parent shall be entitled to retain any portion of the Merger Consideration not paid on account of such Dissenting Shares pending resolution, withdrawal or loss of claims of such holders.
No more than three percent (3%) of the outstanding shares of Company Common Stock shall be Dissenting Shares.
The Company shall not, except with the prior written consent of Parent, or as otherwise required under Section 262 of the Delaware Law, voluntarily make any payment or offer to make any payment with respect to, or settle or offer to settle, any claim or demand in respect of any Dissenting Shares.
From and after the Effective Time, the holders of Shares (other than Dissenting Shares) outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such Shares except as otherwise provided for in this Agreement or by applicable Law.
Notwithstanding any provisions of this Agreement to the contrary, any Dissenting Shares shall not be converted into the right to receive any portion of the Merger Consideration, but shall instead be converted into the right to receive such consideration as may be determined to be due with respect to any such Dissenting Shares pursuant to Section 262 of the Delaware Law.