At the Effective Time. the stock transfer books of the Company shall be closed and there shall be no further registration of transfers of shares of Company Securities thereafter on the records of the Company. From and after the Effective Time, the holders of certificates representing shares of Company Securities outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Company Securities except as otherwise provided herein or by Law.
Appears in 2 contracts
Sources: Merger Agreement (Motient Corp), Merger Agreement (Rare Medium Group Inc)
At the Effective Time. the stock transfer books of the Company shall be closed closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Securities thereafter on the records of the Company. From and after the Effective Time, the holders of certificates representing shares of Company Securities Capital Stock that were outstanding immediately prior to the Effective Time Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall cease be canceled in exchange for the right to have any rights with respect to such shares of Company Securities except receive the Merger Consideration as otherwise provided herein or by Lawin this Article II.
Appears in 1 contract