Surrender of Share Certificates. Each holder of a certificate representing shares to be converted or exchanged in the merger shall surrender such certificate for cancellation, and after the Effective Time and after such surrender, shall be entitled to receive in exchange therefor the consideration to which it is entitled under this Plan. Until so surrendered, each outstanding certificate that prior to the Effective Time represented shares of common stock of the Merging Corporation shall be deemed for all purposes to evidence ownership of the consideration to be issued and paid for the conversion or exchange of such shares under this Plan.
Surrender of Share Certificates. Each Member agrees that upon the redemption of Shares as provided in this Section 8.2, if such Shares were certificates, such Member or his or her legal representative shall promptly deliver the certificates for such Shares to the Company for cancellation. If the Member or his or her legal representative does not do so, the Company shall nevertheless enter the transfer on its records. In the event such certificate evidenced Shares in addition to the Shares being redeemed, the Company shall forthwith issue and deliver to or upon the order of such Member a new certificate of like tenor, in the name of such Member, providing on the face thereof for the number of Shares which such certificate represented which have not been so redeemed.
Surrender of Share Certificates. No transfer of a share issued by the Corporation shall be recorded or registered unless or until the certificate representing the share to be transferred has been surrendered and cancelled or, if no certificate has been issued by the Corporation in respect of such share, unless or until a duly executed share transfer power in respect thereof has been presented for registration.
Surrender of Share Certificates. Each of the Shareholders shall at the Closing surrender the certificate or certificates representing the Shares held by the Shareholders to the Purchaser duly endorsed for transfer to the Purchaser, and each of the Shareholders in return shall be entitled to receive a certificate representing his or her number of Consideration Shares. Until such surrender and exchange, the share certificate or certificates representing Shares held by the Shareholders shall be evidence of their respective right to be registered as holders of Consideration Shares.
Surrender of Share Certificates. 2.3 Each BSI Shareholder who is entitled to receive Meridex Shares in exchange for their BSI Shares as set out in §2.1 will on or after Closing surrender the certificate or certificates representing the BSI Shares held by such BSI Shareholder to Meridex and in return will be entitled to receive a certificate representing Meridex Shares on the basis set out herein. Until such surrender and exchange, the share certificate or certificates representing BSI Shares held by each such BSI Shareholder will be evidence of their right to be registered as a holder of Meridex Shares.
Surrender of Share Certificates. After the Effective Date, the shareholders of the Amalgamating Corporations shall, when requested by the Corporation, surrender for cancellation the certificates representing the shares held by them in the Amalgamating Corporations and shall be entitled to receive certificates for shares of the Corporation as herein provided. After the Effective Time, certificates formerly representing the shares of the Amalgamating Corporations shall represent only the right to receive certificates representing the shares of the Corporation into which such Amalgamating Corporation Shares have been converted in accordance with paragraph 11 of this Agreement, together with any dividends paid or distributions made in respect thereof and any interest accrued on such dividends and distributions.
Surrender of Share Certificates. The Target Shareholders, prior to Closing, shall surrender the certificate or certificates representing the DLT Shares held by the Target Shareholders to management of DLT. DLT shall provide to the Purchaser a share certificate of DLT in the name of the Purchaser, representing all issued and outstanding shares of DLT, which share certificates will be held in escrow at Bacchus Law Corporation until Closing. The Purchaser will then provide share certificates of the Purchaser in the names of the Target Shareholders and in the amounts set out in the attached Schedule “A”.
Surrender of Share Certificates. The Vendors shall at the Closing surrender the certificate or certificates representing the ETS Shares held by the Vendors to the Purchaser duly endorsed for transfer to the Purchaser, and the Vendors in return shall be entitled to receive certificates representing a total of 4,200,000 a Purchaser Shares.
Surrender of Share Certificates. At any time after the Effective Date, a holder of iVirtual Shares may surrender to 118 the certificates representing such iVirtual Shares and, subject to the provisions of the OBCA and this Agreement, such shareholder, in return therefor, shall be entitled to receive certificates evidencing 118 Shares on the basis set out in the Amalgamation Agreement.
