Common use of Dissenting Stockholders Clause in Contracts

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, make any payment with respect to any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Aleris Corp), Agreement and Plan of Merger (Novelis Inc.), Agreement and Plan of Merger (Novelis Inc.)

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Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder thereof who did shall not vote in favor of the Merger (or consent thereto in writing) have voted to adopt this Agreement and who is entitled to demand properly exercises and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall will not be converted as described in Section 2.01(a) but shall be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under the DGCL. If any Dissenting Stockholder shall have failed , the right of such holder to perfect or shall have effectively withdrawn or lost such right, such holder’s appraisal of its shares of Company Common Stock shall thereupon cease and such shares of Company Common Stock shall be treated as if they had been deemed converted into and become exchangeable for the right to receive, as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each to which any such shareholder is entitled pursuant to Section 2.01(a), any cash in accordance with lieu of fractional shares payable to any such holder pursuant to Section 3.1, without interest2.04(e) and any dividends or other distributions to which any such holder is entitled pursuant to Section 2.04(c). The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct in compliance with all applicable Laws all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL; provided, so long as that any definitive actions taken by the Company at the direction of Parent does not create in respect of any pre-Closing obligations such negotiations and proceedings may be conditioned upon occurrence of the CompanyEffective Time. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Inamed Corp), Agreement and Plan of Merger (Crdentia Corp), Agreement and Plan of Merger (iVOW, Inc.)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any Person who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the Dissenting StockholdersSection 262”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger ConsiderationConsideration as provided in Section 4.1, but instead such holder rather the holders of Dissenting Shares shall be entitled to receive such consideration as may be determined to be due to payment by the Surviving Corporation of the “fair value” of such Dissenting Stockholder pursuant to Shares in accordance with Section 262 of the DGCL262; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal under Section 262, then the DGCL. If any Dissenting Stockholder shall have failed right of such holder to perfect or shall have effectively withdrawn or lost such right, be paid the fair value of such holder’s shares of Common Stock Dissenting Shares shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into, and to have become exchangeable solely for, the Per Share right to receive the Merger Consideration for each such share, as provided in accordance with Section 3.1, without interest4.1. The Company shall give Parent provide prompt notice and a copy to Parent of any written demands received by the Company for appraisalappraisal of any shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are Section 262 received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expenseCompany. To the extent permitted by applicable Law, Parent shall have the opportunity to participate in and right to direct any and all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Neither the DGCLCompany nor Parent shall, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of Parentthe other party, voluntarily make any payment with respect to any demands for appraisalto, or settle, or offer to settle or settle settle, any such demands or approve applications, or waive any withdrawal failure to timely deliver a written demand for appraisal or agree to do any of any such demandsthe foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (PMC Sierra Inc), Agreement and Plan of Merger (Microsemi Corp)

Dissenting Stockholders. Notwithstanding anything in any provision of this Agreement to the contrary, shares of Common Cyclone Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder holder thereof who did has not vote voted in favor of or consented to the Merger (or consent thereto in writing) adoption of this Agreement and who is entitled to demand has properly exercised and properly demands perfected appraisal of rights for such shares in accordance with Section 262 of Delaware Law (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled become the right to receive such consideration as may be determined to be due to such Dissenting Stockholder holder pursuant to the procedures set forth in Section 262 of Delaware Law to be paid by the DGCLSurviving Corporation; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under Delaware Law, the DGCL. If any Dissenting Stockholder shall have failed right of such holder to perfect or shall have effectively withdrawn or lost such right, such holder’s appraisal of its shares of Common Cyclone Stock shall thereupon cease and such shares of Cyclone Stock shall be treated as if they had been deemed converted into and become exchangeable for the right to receive, as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each to which any such shareholder is entitled pursuant to Section 2.04(a), any cash in lieu of fractional shares payable to any such holder pursuant to Section 2.07 and any dividends or other distributions to which any such holder is entitled pursuant to Section 2.05(f), in accordance with Section 3.1, each case without interest. The Company Cyclone shall give Parent Hurricane (a) prompt notice and a copy of any written demands for appraisalappraisal received by Cyclone, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Section 262 of Delaware Law that are and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have Cyclone and (b) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL, so long as Parent does not create any pre-Closing obligations of the CompanyDelaware Law. The Company Cyclone shall not, except with the prior written consent of ParentHurricane, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with Delaware Law, or (iv) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hologic Inc), Agreement and Plan of Merger (Cytyc Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any Person who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the Dissenting StockholdersSection 262”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger ConsiderationConsideration as provided in Section 4.1, but instead such holder rather the holders of Dissenting Shares shall be entitled to receive such consideration as may be determined to be due to payment by the Surviving Corporation of the “fair value” of such Dissenting Stockholder pursuant to Shares in accordance with Section 262 of the DGCL262; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal under Section 262, then the DGCL. If any Dissenting Stockholder shall have failed right of such holder to perfect or shall have effectively withdrawn or lost such right, be paid the fair value of such holder’s shares of Common Stock Dissenting Shares shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into, and to have become exchangeable solely for, the Per Share right to receive the Merger Consideration for each such share, as provided in accordance with Section 3.1, without interest4.1. The Company shall give Parent provide prompt notice and a copy to Parent of any written demands received by the Company for appraisalappraisal of any shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are Section 262 received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expenseCompany. To the extent permitted by applicable Law, Parent shall have the opportunity to participate in and right to direct control any and all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Neither the DGCLCompany nor Parent shall, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of Parentthe other party, voluntarily make any payment with respect to any demands for appraisalto, or settle, or offer to settle or settle settle, any such demands or approve applications, or waive any withdrawal failure to timely deliver a written demand for appraisal or agree to do any of any such demandsthe foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cavium, Inc.), Agreement and Plan of Merger (Qlogic Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock and of Company's Preferred Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any holder who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall "DISSENTING SHARES"), shall, if held by a Small Stockholder, not be converted into or be exchangeable for the right to receive the Per Share Cash Merger ConsiderationConsideration as provided in Section 2.01(a)(i), but instead such holder shall be entitled to payment of the fair value of such shares in accordance with the provisions of Section 262 of the DGCL. At the Effective Time, the Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Dissenting Shares shall cease to have any rights with respect thereto, except the right to receive the fair value of such consideration as may be determined shares in accordance with the provisions of Section 262 of the DGCL. Notwithstanding the foregoing, if any such holder shall fail to be due perfect or otherwise shall waive, withdraw, or lose the right to appraisal under Section 262 of the DGCL or a court of competent jurisdiction shall determine that such Dissenting Stockholder pursuant holder is not entitled to the relief provided by Section 262 of the DGCL, unless and until then the right of such holder to be paid the fair value of such holder's Dissenting Shares under Section 262 of DGCL shall cease and each such Dissenting Share, if held by a Small Stockholder, shall be deemed to have been converted at the Effective Time into, and shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightbecome, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, receive the Per Share Cash Merger Consideration for each such share, as provided in accordance with Section 3.1, without interest2.01(a)(i). The Company shall give Parent serve prompt notice to Borden and a copy the Investors of any written demands for appraisalappraisal of any shaxxx xx Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are the DGCL received by Company, and Borden and the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent Investors shall have the opportunity and right to direct participate in and dxxxxx all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Prior to the DGCLEffective Time, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of ParentBorden, make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle any such demands or approve any withdrawal of setxxx, any such demands, or agree to do or commit to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Carecentric Inc), Agreement and Plan of Merger (Carecentric Inc)

Dissenting Stockholders. Notwithstanding anything in any provision of this Agreement to the contrarycontrary and only to the extent available under the DGCL, shares of Common Stock that are issued and any Company Shares outstanding immediately prior to the Effective Time and which that are held by a Stockholder stockholder (a “Dissenting Stockholder”) who did not vote has neither voted in favor of the Merger (or consent adoption of this Agreement nor consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares in accordance with Section 262 of the DGCL and otherwise properly perfected and not withdrawn or lost their rights (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting Stockholders”) shall will not be converted into into, or be exchangeable for represent the right to receive the Per Share Merger Consideration, but instead such holder shall . Such Dissenting Stockholders will be entitled to receive payment of the appraised value of Dissenting Shares held by them in accordance with the provisions of such consideration as may Section 262, except that all Dissenting Shares held by stockholders who have failed to perfect or who effectively have withdrawn or lost their rights to appraisal of such Dissenting Shares under such Section 262 will thereupon be determined deemed to have been converted into, and represent the right to receive, the Cash Consideration. Notwithstanding anything to the contrary contained in Section 1.6, if the Merger is rescinded or abandoned, then the right of any stockholder to be due to paid the fair value of such stockholder’s Dissenting Stockholder Shares pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interestDGCL will cease. The Company shall will give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, appraisal and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights for appraisal of appraisal, and, at Parent’s expense, Company Shares. The Company will give Parent shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to such demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyappraisal. The Company shall will not, except with the prior written consent of ParentParent (which consent will not be unreasonably withheld, conditioned or delayed), voluntarily make any payment with respect to any demands for appraisalappraisals of Dissenting Shares, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Citadel Broadcasting Corp), Agreement and Plan of Merger (Cumulus Media Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (adoption of this Agreement or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies Company Common Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “"Dissenting Stockholders”Shares") shall not be converted into a right to receive the Merger Consideration and instead such stockholder shall be entitled to receive payment for such Dissenting Shares in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its Company Common Shares shall cease, and such Company Common Shares shall be exchangeable for deemed converted as of the Effective Time into the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent prompt notice and a copy of any written demands (or purported demands) for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Company. Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of DGCL and the Company. The Company shall not, except with the Parent's prior written consent of Parentconsent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Primedex Health Systems Inc), Agreement and Plan of Merger (Radiologix Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder thereof who did not vote in favor of the Merger (or consent thereto in writing) properly exercises and who is entitled to demand and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the "Dissenting Stockholders”Shares") will be paid for by the Surviving Corporation in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall not fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its shares of Company Common Stock shall cease and such shares of Company Common Stock shall be deemed converted as of the Effective Time into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead Consideration to which any such holder shall be is entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 2.1(a), any cash in lieu of the DGCL, unless and until fractional shares payable to any such holder shall have failed pursuant to perfect Section 2.2(d) and any dividends or shall have effectively withdrawn or lost its right other distributions to appraisal under the DGCL. If which any Dissenting Stockholder shall have failed such holder is entitled pursuant to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest2.2(c). The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Advanced Medical Optics Inc), Agreement and Plan of Merger (Visx Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are issued and Shares outstanding immediately prior to the Effective Time and which that are held by a Stockholder Person who did shall not vote in favor of the Merger (or consent thereto in writing) have voted to adopt this Agreement and who is entitled to demand properly exercises and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall will not be converted into or be exchangeable for the a right to receive the Per Share applicable Merger ConsiderationConsideration as described in Section 3.01, but instead such holder shall be entitled converted into the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightDGCL after the Election Deadline, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right of such holder to receive, such appraisal of its Dissenting Shares shall cease and such Shares shall be deemed canceled and converted as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each as provided in Section 3.01 to which a holder who made a Cash Merger Election would be entitled, any cash paid in respect of fractional shares payable to any such share, in accordance with holder pursuant to Section 3.1, without interest3.03(e) and any dividends or other distributions to which any such holder is entitled pursuant to Section 3.03(c). The Company shall Table of Contents give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct in compliance with all applicable Laws all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL; provided, so long as that any definitive actions taken by the Company at the direction of Parent does not create in respect of any pre-Closing obligations such negotiations and proceedings may be conditioned upon occurrence of the CompanyEffective Time. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Allergan Inc), Agreement and Plan of Merger (Allergan Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares Shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares in accordance with the DGCL (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the a right to receive any portion of the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due only to such rights as are granted by the DGCL to a holder of Dissenting Stockholder pursuant to Section 262 of the DGCLShares, unless and until such holder shall have failed fails to perfect or shall have effectively withdrawn withdraws or lost its otherwise loses such holder’s right to appraisal. If after the Effective Time such holder fails to perfect or withdraws or loses his right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightin respect of his shares of Company Common Stock, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Time into a right to receive any Merger Consideration for each such share, in accordance with Section 3.11.8, without interestinterest thereon, upon the surrender of certificates representing such shares. Notwithstanding anything to the contrary in this Section 1.10, if the Merger is rescinded or abandoned, the right of any holder to receive the fair value of his Dissenting Shares shall cease. The Company shall give Parent the Acquisition Co. prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights for appraisal of appraisalshares, and, at Parent’s expense, Parent and the Acquisition Co. shall have the opportunity and right to direct participate in and to control all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companysuch demands. The Company shall not, except with the prior written consent of Parentthe Acquisition Co., make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle any such demands or approve any withdrawal of settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Iconix Brand Group, Inc.), Agreement and Plan of Merger (Mossimo Inc)

Dissenting Stockholders. Notwithstanding anything in any provision of this Agreement to the contrary, including Section 3.1, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time (other than Excluded Shares cancelled in accordance with Section 3.1(b)(iii)) and which are held by a Stockholder holder (x) who did has not vote voted in favor of the Merger (adoption of this Agreement or consent consented thereto in writing, (y) who has properly exercised and who is entitled to demand and properly demands perfected appraisal rights of such shares (the “Dissenting Shares”) pursuant to, and who complies has complied in all respects with, the provisions of Section 262 of the DGCL and (z) who is not prohibited from exercising (and who has not waived, is not required to waive and is not deemed to have waived) such appraisal rights pursuant to the terms of the Company Stockholders Agreement (such shares being referred to collectively as the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the a right to receive (a) the Per Share Merger Consideration, (b) any dividends or other distributions in accordance with Section 3.3(g) or (c) any cash to be paid in lieu of any fractional shares of Parent Common Stock in accordance with Section 3.3(h), but instead such holder shall be entitled to receive only such consideration rights as may be determined are granted by Section 262 of the DGCL; provided, however, that if (i) after the Effective Time, such holder fails to be due properly perfect or effectively waives or withdraws or otherwise loses such holder’s right to such Dissenting Stockholder appraisal pursuant to Section 262 of the DGCL or (ii) a court of competent jurisdiction shall finally determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, unless and until such holder shares shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into the right to receive (a) the Merger Consideration, (b) any dividends or other distributions in accordance with Section 3.3(g) or (c) any cash to be paid in lieu of any fractional shares of Parent Common Stock in accordance with Section 3.3(h), if any, to which such holder is entitled pursuant to Article III, without interest thereon, upon surrender of the Per Share Merger Consideration for each Certificates representing such shareshares, as applicable, in accordance with Section 3.1, without interestthis Article III. The Company shall give provide Parent prompt written notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating for appraisal of shares of Company Common Stock, any withdrawal of any such demand and any other demand, notice or instrument delivered to Stockholders’ rights of appraisalthe Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and, at Parent’s expense, and Parent shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companysuch demands. The Company shall not, except Except with the prior written consent of Parentthe other Party, neither the Company nor Parent shall make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands or approve any withdrawal of any such demandsprior to the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eclipse Resources Corp), Agreement and Plan of Merger (Eclipse Resources Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrarycontrary herein, shares of Common Stock that are issued and outstanding immediately prior to the Effective Time and any Company Share for which are held by any Company Stockholder (such Company Stockholder, a Stockholder who did “Dissenting Stockholder”) (a) has not vote voted in favor of the Merger or consented to it in writing and (or consent thereto in writingb) and who is entitled to demand and properly demands has demanded the appraisal of such shares (the “Dissenting Shares”) pursuant toCompany Share in accordance with, and who complies has complied in all respects with, the provisions of Section 262 of the DGCL (collectively, the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the right to receive the Per applicable portion of Transaction Share Merger ConsiderationConsideration pursuant to Section 2.1(h). From and after the Effective Time, but instead such holder (i) the Dissenting Shares shall be cancelled and extinguished and shall cease to exist and (ii) the Dissenting Stockholders shall be entitled only to receive such consideration rights as may be determined granted to be due to such Dissenting Stockholder pursuant to them under Section 262 of the DGCLDGCL and shall not be entitled to exercise any of the voting rights or other rights of a stockholder of the Surviving Company or any of its Affiliates (including the SPAC); provided, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If however, that if any Dissenting Stockholder shall have failed effectively withdraws or loses such appraisal rights (through failure to perfect such appraisal rights or otherwise), then the Company Shares held by such Dissenting Stockholder (A) shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock no longer be deemed to be Dissenting Shares and (B) shall thereupon be treated as if they had been converted automatically at the Effective Time into and become exchangeable for the right to receivereceive the applicable portion of Transaction Share Consideration pursuant to Section 2.1(h). Each Dissenting Stockholder who becomes entitled to payment for his, as of her or its Dissenting Shares pursuant to the Effective Time, DGCL shall receive such payment from the Per Share Merger Consideration for each such share, Company in accordance with Section 3.1, without interestthe DGCL. The Company shall give Parent the SPAC prompt notice and a copy of any written demands for appraisalappraisal of any Company Share, attempted withdrawals of such demands, demands and any other documents or instruments served pursuant to applicable Law that are the DGCL and received by the Company relating to Stockholdersstockholders’ rights of appraisalappraisal in accordance with the provisions of Section 262 of the DGCL, and, at Parent’s expense, Parent and the SPAC shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyall such demands. The Company shall not, except with the prior written consent of Parentthe SPAC (prior to the Closing) (such consent not to be unreasonably withheld, conditioned or delayed), make any payment or deliver any consideration (including Company Shares or SPAC New Common Shares) with respect to, settle, or offer or agree to any demands for appraisalsettle, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 2 contracts

Samples: Business Combination Agreement (Banyan Acquisition Corp), Business Combination Agreement (Banyan Acquisition Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any Person who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the Dissenting StockholdersSection 262”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger ConsiderationConsideration as provided in Section 3.1, but instead such holder rather the holders of Dissenting Shares shall be entitled to receive such consideration as may be determined to be due to payment by the Surviving Corporation of the “fair value” of such Dissenting Stockholder pursuant to Shares in accordance with Section 262 of the DGCL262; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal under Section 262, then the DGCL. If any Dissenting Stockholder shall have failed right of such holder to perfect or shall have effectively withdrawn or lost such right, be paid the fair value of such holder’s shares of Common Stock Dissenting Shares shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into, and to have become exchangeable solely for, the Per Share right to receive the Merger Consideration for each such share, as provided in accordance with Section 3.1, without interest. The Company shall give Parent provide prompt notice and a copy to Parent of any written demands received by the Company for appraisalappraisal of any shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are Section 262 received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expenseCompany. To the extent permitted by applicable Law, Parent shall have the opportunity to participate in and right to direct any and all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Neither the DGCLCompany nor Parent shall, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of Parentthe other party, voluntarily make any payment with respect to any demands for appraisalto, or settle, or offer to settle or settle settle, any such demands or approve applications, or waive any withdrawal failure to timely deliver a written demand for appraisal or agree to do any of any such demandsthe foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Skyworks Solutions, Inc.), Agreement and Plan of Merger (PMC Sierra Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock any Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder any stockholder of the Company who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands demands, exercises and perfects his or her demand for appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of to Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its such holder’s right to appraisal under the DGCL. Dissenting Shares shall be treated in accordance with Section 262 of the DGCL and shall be entitled to receive consideration thereunder. If any Dissenting Stockholder shall have failed such holder fails to perfect or shall have effectively withdrawn withdraws or lost loses any such rightright to appraisal, each such holder’s shares Share of Common Stock such holder shall thereupon be treated as if they had been converted into and become exchangeable only for the right to receive, as of the later of the Effective TimeTime and the time that such right to appraisal has been irrevocably lost, withdrawn or expired, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest2.3. The Company shall give Parent Purchaser (i) prompt notice and a copy of any written demands for appraisal, attempted appraisal of Dissenting Shares or withdrawals of such demands, and any other instruments served pursuant to applicable Law that are demands received by the Company relating pursuant to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the DGCL and (ii) the opportunity and right to direct participate in all negotiations and proceedings with respect to demands by Dissenting Stockholders for appraisal by Stockholders of Dissenting Shares under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except Except with the prior written consent of Parentthe Purchaser, prior to the Effective Time, the Company shall not make any payment with respect to any demands for appraisal, appraisal of Dissenting Shares or offer to settle or settle any such demands or approve any withdrawal of otherwise negotiate any such demands.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Jumptv Inc)

Dissenting Stockholders. Notwithstanding anything in any provision of this Agreement to the contrarycontrary and to the extent available under the DGCL, any shares of Common Company Capital Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder stockholder (a “Dissenting Stockholder”) who did not vote has neither voted in favor of the Merger (or consent adoption of this Agreement nor consented thereto in writing) writing and who is entitled to demand and has demanded properly demands in writing an appraisal of for such shares and otherwise properly perfected and not withdrawn or lost their rights (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting Stockholders”) shall will not be converted into into, or be exchangeable for represent the right to receive the Per Share Merger Consideration, but instead such holder shall . Such Dissenting Stockholders will be entitled to receive payment of the appraised value of Dissenting Shares held by them in accordance with the provisions of such consideration as may Section 262, except that all Dissenting Shares held by stockholders who have failed to perfect or who effectively have withdrawn or lost their rights to appraisal of such Dissenting Shares under such Section 262 will thereupon be determined deemed to have been converted into, and represent the right to receive, the Merger Consideration in the manner provided in Section 2.01(c). Notwithstanding anything to the contrary contained in Section 2.01(c), if the Merger is rescinded or abandoned, then the right of any stockholder to be due to paid the fair value of such stockholder’s Dissenting Stockholder Shares pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interestDGCL will cease. The Company shall will give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholdersstockholders’ rights of appraisal, and, at Parent’s expense, . The Company will give Parent shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyappraisal. The Company shall will not, except with the prior written consent of Parent, voluntarily make any payment with respect to any demands for appraisalappraisals of Dissenting Shares, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sterling Chemicals Inc)

Dissenting Stockholders. Notwithstanding anything contained in this Agreement to the contrarycontrary but only to the extent required by the DGCL, shares of Common Company Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder Company Stockholders who did not vote comply with all the provisions of the DGCL concerning the right of Company Stockholders to demand appraisal of their shares of Company Stock in favor of connection with the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant toholders, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled only become convertible into the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 the law of the DGCLState of Delaware or the State of California, unless and until as applicable; provided, however, that if any Dissenting Stockholder who demands appraisal of such holder Company Stockholder’s shares of Company Stock under the DGCL shall have failed effectively withdraw or lose (through failure to perfect or shall have effectively withdrawn otherwise) his or lost its her right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightappraisal, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, then as of the Effective Time, or the Per Share occurrence of such event, whichever occurs later, such Company Stockholder’s shares of Company Stock shall thereupon be deemed to have been converted as of the Effective Time into the right to receive the Merger Consideration for each Consideration, if any, to which such share, in accordance with Company Stockholder would otherwise be entitled pursuant to Section 3.12.3, without interestinterest thereon, and such Company Stockholder shall no longer be a Dissenting Stockholder. The Company shall give Parent and Sub (x) prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, demands for appraisal and any other related instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have after the date hereof and (y) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyappraisal. The Company shall not voluntarily make any payment with respect to any demands for appraisal and shall not, except with the prior written consent of Parent, make settle or offer to settle any payment demand. Following the Effective Time, the Surviving Corporation shall, and Parent shall cause the Surviving Corporation to, comply with the DGCL to satisfy the obligations of the Company with respect to the Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, all defined terms used with respect to calculating the Merger Consideration and allocating it among the Company Shareholders will be reduced proportionately to reflect any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demandsshares held by Dissenting Stockholders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Click Commerce Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock Company Shares (the “Dissenting Shares”) that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder Company Stockholders who did have not vote voted in favor of the Merger (or consent Merger, consented thereto in writing) writing or otherwise contractually waived their rights to appraisal and who is entitled to demand and properly demands appraisal have complied with all of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the relevant provisions of Section 262 of the DGCL with respect thereto (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Applicable Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration Consideration (as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 reduced at the Closing by the Per Share Portion of the DGCL, Escrow Amount and the Representative Holdback Amount) unless and until such holder Company Stockholders shall have failed to perfect or shall have effectively withdrawn or lost its right their rights to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of At the Effective Time, the Per Share Merger Consideration for Dissenting Shares, if any, shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of Dissenting Shares shall cease to have any rights with respect thereto, except the right to receive the fair value of such share, shares in accordance with Section 3.1, without interestthe relevant provisions of the DGCL. The Company shall give Parent (i) prompt notice and a copy of any written demands for appraisalappraisal of any Company Shares, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are the DGCL and received by the Company relating to Stockholdersstockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (ii) the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of . Neither the Company. The Company shall notnor the Surviving Corporation shall, except with the prior written consent of Parent, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands demand for payment. If any Dissenting Stockholder shall fail to perfect or approve any withdrawal shall have effectively withdrawn or lost the right to dissent, then as of any the occurrence of such demandsevent, such holder’s Dissenting Shares shall cease to be Dissenting Shares and as of the Effective Time shall be converted into and represent the right to receive the Applicable Per Share Merger Consideration (as reduced at the Closing by the Per Share Portion of the Escrow Amount and the Representative Holdback Amount) in accordance with Section 3.01 and Section 3.04.

Appears in 1 contract

Samples: Merger Agreement (DST Systems Inc)

Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, if Section 262 of the Delaware Law shall be applicable to the Merger, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder stockholders who did have not vote voted such shares in favor of the Merger (or consent thereto in writing) and Merger, who is entitled shall have delivered, prior to any vote on the Merger, a written demand and properly demands for appraisal of for such shares (in the “Dissenting Shares”) pursuant to, and who complies manner provided in all respects with, the provisions of Section 262 of the DGCL Delaware Law and who, as of the Effective Time, shall not have effectively withdrawn or lost such right to dissenters' rights (the “"Dissenting Stockholders”Shares") shall not be converted into or be exchangeable for the represent a right to receive the Per Share Merger ConsiderationConsideration pursuant to Section 2.01 of this Agreement, but instead such holder the holders thereof shall be entitled to receive such consideration as may be determined to be due only to such rights as are granted by Section 262 of the Delaware Law. Each holder of Dissenting Stockholder Shares who becomes entitled to payment for such shares pursuant to Section 262 of the DGCLDelaware Law shall receive payment therefor from the Surviving Corporation in accordance with the Delaware Law; provided, unless and until however, that if such holder shall have failed to perfect or of Dissenting Shares shall have effectively withdrawn such holder's demand for appraisal of such shares or lost its such holder's right to appraisal and payment of such shares under Section 262 of the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightDelaware Law, such holder’s holder shall forfeit the right to appraisal of such shares of Common Stock and each such share shall thereupon be treated as if they had deemed to have been converted into and become exchangeable for the right to receiveconverted, as of the Effective Time, into and represent only the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under receive payment from the DGCL, so long as Parent does not create any pre-Closing obligations Surviving Corporation of the Company. The Company shall notMerger Consideration, except with the prior written consent as provided in Section 2.01 of Parent, make any payment with respect to any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demandsthis Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Healthcare Corp)

Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, shares of Target Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any holder who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) Shares pursuant to, and who complies in all respects with, the provisions of Section 262 Sections 92A.300 to 92A.500 of the DGCL NRSA (“Sections 92A.300 to 92A.500” ) (the “Dissenting Stockholders”) ), shall not be converted into or be exchangeable for the right to receive any of the Per Share Merger Considerationconsideration as specified in Article 2 (the “Dissenting Shares”), but instead such holder shall be entitled to receive such consideration as may be determined to be due to payment of the fair value of such Dissenting Stockholder pursuant Shares in accordance with the provisions of Sections 92A.300 to Section 262 92A.500. At the Effective Time, all Dissenting Shares shall no longer be outstanding, shall automatically be canceled and retired and shall cease to exist, and each holder of Dissenting Shares shall cease to have any rights with respect thereto, except the DGCLright to receive the fair value of such Dissenting Shares in accordance with the provisions of Sections 92A.300 to 92A.500. Notwithstanding the foregoing, unless and until if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal under Sections 92A.300 to 92A.500, or a court of competent jurisdiction shall determine that such holder is not entitled to the DGCL. If any Dissenting Stockholder shall have failed relief provided by Sections 92A.300 to perfect or shall have effectively withdrawn or lost 92A.500, then the right of such right, holder to be paid the fair value of such holder’s shares of Common Stock Dissenting Shares under Sections 92A.300 to 92A.500 shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to be Non-Electing Shares that have been converted into at the Effective Time into, and become exchangeable for shall have become, the right to receivereceive the Stock Consideration as provided in Section 2.1(c)(iii) of this Agreement, as of subject, if applicable, to the Effective Time, the Per Share Merger Consideration proration provided for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, make any payment with respect to any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demands2.2.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (WSFS Financial Corp)

Dissenting Stockholders. Notwithstanding anything contained in this Agreement to the contrarycontrary but only to the extent required by the DGCL, shares of Common Company Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder Company Stockholders who did not vote comply with all the provisions of the DGCL concerning the right of Company Stockholders to demand appraisal of their shares of Company Stock in favor of connection with the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant toholders, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled only become convertible into the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 the law of the DGCLState of Delaware; provided, unless and until however, that if any Dissenting Stockholder who demands appraisal of such holder Company Stockholder’s shares of Company Stock under the DGCL shall have failed effectively withdraw or lose (through failure to perfect or shall have effectively withdrawn otherwise) his or lost its her right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightappraisal, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, then as of the Effective Time, or the Per Share occurrence of such event, whichever occurs later, such Company Stockholder’s shares of Company Stock shall thereupon be deemed to have been converted as of the Effective Time into the right to receive the Stock Merger Consideration for each or Cash Merger Consideration, if any, to which such share, in accordance with Company Stockholder would otherwise be entitled pursuant to Section 3.12.3, without interestinterest thereon, and such Company Stockholder shall no longer be a Dissenting Stockholder. The Company shall give Parent and Sub (x) prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, demands for appraisal and any other related instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have after the date hereof and (y) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyappraisal. The Company shall not voluntarily make any payment with respect to any demands for appraisal and shall not, except with the prior written consent of Parent, make settle or offer to settle any payment demand. Following the Effective Time, the Surviving Corporation shall, and Parent shall cause the Surviving Corporation to, comply with the DGCL to satisfy the obligations of the Company with respect to the Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, all defined terms used with respect to calculating the Merger Consideration and allocating it among the Company Preferred Shareholders will be reduced proportionately to reflect any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demandsshares held by Dissenting Stockholders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Click Commerce Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder thereof who did not vote in favor of the Merger (or consent thereto in writing) properly exercises and who is entitled to demand and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) will be paid for by the Surviving Corporation in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall not fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its Company Common Shares shall cease and such Company Common Shares shall be deemed converted as of the Effective Time into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cooper Companies Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, Any holder of shares of Company Class A Common Stock that are issued who perfects such holder's dissenters' rights in accordance with and outstanding immediately prior to the Effective Time and which are held as contemplated by a Stockholder who did not vote in favor Section 262 of the Merger DGCL (or consent thereto in writinga "DISSENTING STOCKHOLDER") and who is shall be entitled to demand and properly demands appraisal receive from the Surviving Corporation the value of such shares (in cash as determined pursuant to such provision of Delaware Law; provided, that no such payment shall be made to a Dissenting Stockholder unless and until such Dissenting Stockholder has complied with the “Dissenting Shares”) pursuant to, and who complies in all respects with, the applicable provisions of Section 262 of the DGCL (and surrendered to the Company the certificate or certificates representing the shares for which payment is being made. In the event that after the Effective Time a Dissenting Stockholders”) shall not be converted into Stockholder fails to perfect, or be exchangeable for the effectively withdraws or loses, such Dissenting Stockholder's right to receive appraisal of and payment for such holder's shares, the Per Share Merger Consideration, but instead such holder Surviving Corporation shall be entitled issue and deliver the consideration to receive such consideration as may be determined to be due to which such Dissenting Stockholder pursuant to Section 262 is entitled under this Article 2 (without interest) upon surrender by such Dissenting Stockholder of the DGCL, unless and until certificate or certificates representing the shares of Company Class A Common Stock held by such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCLDissenting Stockholder. If any and to the extent required by applicable law, the Surviving Corporation will establish (or cause to be established) an escrow account with an amount sufficient to satisfy the maximum aggregate payment that may be required to be paid to Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightStockholders. Upon satisfaction of all claims of Dissenting Stockholders, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receiveremaining escrowed amount, as reduced by payment of the Effective Timefees and expenses of the escrow agent, will be returned to the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interestSurviving Corporation. The Company shall give Parent serve prompt notice and a copy to Kona of any written demands for appraisalappraisal of any shares of Company Class A Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are the DGCL received by the Company relating to Stockholders’ rights of appraisalCompany, and, at Parent’s expense, Parent and Kona shall have the opportunity and right to participate in and direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Prior to the DGCLEffective Time, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of ParentKona (which consent shall not be withheld unreasonably), make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle any such demands or approve any withdrawal of settle, any such demands, or agree to do or commit to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Integrity Media Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any Person who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive such Persons’ portions of the Per Share Merger Consideration, but instead rather the holders of such holder Dissenting Shares shall be entitled to receive such consideration as may be determined to be due to payment by the Surviving Corporation of the “fair value” of such Dissenting Stockholder pursuant Shares in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal under Section 262 of the DGCL, unless and until then the right of such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under be paid the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, fair value of such holder’s shares of Common Stock Dissenting Shares shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into, and to have become exchangeable solely for, the Per Share right to receive the Merger Consideration (for each the avoidance of doubt, without any interest thereon), upon proper delivery to the Exchange Agent of such sharePerson’s Certificates (or affidavit of loss, in accordance with Section 3.1lieu thereof, without interestin the form required by the Exchange Agent) or an “agent’s message”, as applicable (including, for the avoidance of doubt, any documents or agreements required by the Exchange Agent). The Company shall give Parent provide prompt notice and a copy to SPAC of any written demands received by the Company for appraisalappraisal of any shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are Section 262 of the DGCL received by the Company relating to Stockholders’ rights of appraisalCompany. To the extent permitted by applicable Law, and, at Parent’s expense, Parent SPAC shall have the opportunity to participate with the Company in any and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Prior to the DGCLEffective Time, so long as Parent does not create any pre-Closing obligations of neither the Company. The Company shall notnor SPAC shall, except with without the prior written consent of Parentthe other party, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands or approve applications, waive any withdrawal failure to timely deliver a written demand for appraisal, or agree to do any of any such demandsthe foregoing.

Appears in 1 contract

Samples: Business Combination Agreement (Phoenix Biotech Acquisition Corp.)

Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are any issued and outstanding immediately prior to the Effective Time and which are shares of Company Stock held by a Stockholder Person (a "Dissenting Stockholder") who did does not vote in favor of the Merger (or consent thereto in writing) to adopt this Agreement and who is entitled to demand and properly demands appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “"Dissenting Stockholders”Shares") shall not be converted as described in Section 1.3, but shall, as of the Effective Time, be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed fails to perfect or shall have effectively withdrawn withdraws or lost its otherwise loses his or her right to appraisal under appraisal. If, after the DGCL. If any Effective Time, such Dissenting Stockholder shall have failed fails to perfect or shall have effectively withdrawn withdraws or lost such rightloses his or her right to appraisal, such holder’s Dissenting Stockholder's shares of Common Company Stock shall no longer be considered Dissenting Shares for the purposes of this Agreement and such holder's shares of Company Stock shall thereupon be treated as if they had deemed to have been converted into and become exchangeable for the right to receiveconverted, as of at the Effective Time, without interest as described in Section 1.3. Persons who have perfected statutory rights with respect to Dissenting Shares as aforesaid will not be paid by the Per Share Merger Consideration for Surviving Corporation as provided in this Agreement and will have only such rights as are provided by the appraisal rights provisions of the DGCL (the "Appraisal Rights Provisions") with respect to such Dissenting Shares. Notwithstanding anything in this Agreement to the contrary, if Parent, MergerCo or the Company abandon or are finally enjoined or prevented from carrying out, or the stockholders rescind their adoption and approval of, this Agreement, the right of each holder of Dissenting Shares to receive the fair value of such share, Dissenting Shares in accordance with Section 3.1the Appraisal Rights Provisions will terminate, without interest. The Company shall give Parent prompt notice and a copy effective as of any written demands for appraisal, attempted withdrawals the time of such demandsabandonment, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisalinjunction, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, make any payment with respect to any demands for appraisal, offer to settle prevention or settle any such demands or approve any withdrawal of any such demandsrescission.

Appears in 1 contract

Samples: Support Agreement (Impsat Fiber Networks Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies Company Common Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall not be converted into a right to receive the Merger Consideration and will be paid for by the Surviving Corporation in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its Company Common Shares shall cease, and such Company Common Shares shall be exchangeable for deemed converted as of the Effective Time into the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent prompt notice and a copy of any written demands (or purported demands) for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company. The Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, shall allow Parent shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL, so long as Parent does not create any pre-Closing obligations of DGCL and the Company. The Company shall not, except with the Parent’s prior written consent of Parentconsent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Jamdat Mobile Inc)

Dissenting Stockholders. (a) Notwithstanding anything in any provision of this Agreement to the contrary, shares each share of Common Stock and Preferred Stock that are is issued and outstanding immediately prior to the Effective Time and which are that is held by a Stockholder who did (i) has not vote voted in favor of the Merger (this Agreement or consent consented thereto in writingwriting and (ii) who shall have otherwise perfected such holder’s dissenters’ rights in accordance with and who is entitled to demand and properly demands appraisal of such shares (as contemplated by the “Dissenting Shares”) pursuant to, and who complies in all respects with, the applicable provisions of Section 262 of the DGCL (the each such Stockholder, a “Dissenting StockholdersStockholder”, and each share of Common Stock and Preferred Stock held by such Dissenting Stockholder, a “Dissenting Share”) shall not be converted into or be exchangeable for represent the right to receive the Per Share Merger Considerationamounts payable with respect to such Common Stock and Preferred Stock under Section 2.8, but instead such holder shall be entitled only to receive such consideration rights as may be determined to be due to are granted by the applicable provisions of the DGCL; provided, however, that if such Dissenting Stockholder pursuant fails to Section 262 perfect, or effectively withdraws or loses such holder’s right to appraisal of and payment for such holder’s shares under the applicable provisions of the DGCL, unless each share of Common Stock and until Preferred Stock of such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable for the right to receivefor, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings receive the amounts payable with respect to demands for appraisal by Stockholders such Common Stock and Preferred Stock under Section 2.8, and such share of Common Stock or Preferred Stock shall no longer be a Dissenting Share. In such event, the DGCL, so long as Parent does not create any pre-Closing obligations of Surviving Corporation shall deliver the Company. The Company shall not, except with the prior written consent of Parent, make any payment amounts payable with respect to any demands for appraisal, offer such Common Stock and Preferred Stock under Section 2.8 to settle which such Stockholder is entitled under this Section 2.11 (without interest) as and when such payments are required to be made following surrender by such Stockholder of the certificate or settle any certificates representing the shares of Common Stock and Preferred Stock held by such demands or approve any withdrawal of any such demandsStockholder in the manner provided in Section 3.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (DealerTrack Holdings, Inc.)

Dissenting Stockholders. (a) Notwithstanding anything in any provision of this Agreement to the contrary, shares of DSLT Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by stockholders who (i) shall have filed with DSLT, prior to or at the meeting of stockholders of DSLT at which this Agreement will be submitted to a Stockholder who did vote, a written objection to the Merger, (ii) shall have not vote voted in favor of the Merger and (or consent thereto iii) shall have demanded properly in writing) and who is entitled to demand and properly demands appraisal of writing the fair value for such shares (the “Dissenting Shares”) pursuant to, and who complies of DSLT Common Stock in all respects with, the provisions of Section 262 accordance with Chapter 7 of the DGCL MBCA (the “"Dissenting Stockholders”) "), shall not be converted into or be exchangeable for represent the right to receive Merger Consideration including cash for any fractional shares of Parent Common Stock in accordance with Sections 3.02 and 3.04 but shall become the Per Share Merger Consideration, but instead such holder shall be entitled right to receive payment of the fair value of such consideration as may be determined to be due to such shares of DSLT Common Stock in accordance with the provisions of Chapter 7 of the MBCA, provided, however, that any Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder who shall have failed to perfect or comply with the requirements of Chapter 7 of the MBCA shall be conclusively presumed to have effectively withdrawn or lost its right consented to appraisal under the DGCL. If any Merger and shall be bound by the terms thereof and the shares of DSLT Common Stock held by such Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable for the right to receivefor, as of the Effective Time, the Per Share right to receive the Merger Consideration and cash for each such sharefractional shares of Parent Common Stock, if any, in accordance with Section 3.1Sections 3.02 and 3.04, without interestany interest thereon, upon surrender in the manner provided in Section 3.03 of the certificate(s) that formerly evidenced such DSLT Common Stock. The Company shall give Parent prompt notice and right of a copy Dissenting Stockholder to be paid the fair value of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served his or her shares pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations Chapter 7 of the CompanyMBCA shall cease if and at such time DSLT shall abandon the Merger. The Company Any payments to Dissenting Stockholders (x) if paid at or prior to the Closing, shall notbe paid by DSLT out of its own funds and no funds will be supplied, except with directly or indirectly, by Parent for payment to Dissenting Stockholders, nor will Parent directly or indirectly (including through Sub) reimburse DSLT for any payments to Dissenting Stockholders, or (y) if paid after the prior written consent Closing, shall be paid out of Parent, make any payment with respect to any demands for appraisal, offer to settle or settle any such demands or approve any withdrawal of any such demandsthe Escrow.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Imperial Holly Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Seller Common Stock that are and Seller Preferred Stock issued and outstanding immediately prior to the Effective Time Closing and which are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and who is any holder entitled to appraisal rights pursuant to the DGCL who, on a timely basis, makes and perfects a demand and properly demands for appraisal of such shares (in accordance with all requirements and provisions of the “Dissenting Shares”) pursuant toDGCL, and who complies in all respects withdoes not effectively withdraw or lose the right to such appraisal (collectively, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) "DISSENTING SHARES"), shall not be converted into or be exchangeable for the right to receive Purchaser Consideration as described in Section 3.1, but shall, from and after the Effective Time, represent only the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such the holder with respect to the Dissenting Stockholder Shares pursuant to Section 262 the DGCL; PROVIDED, HOWEVER, that Dissenting Shares held by any stockholder who, after the Effective Time, withdraws his demand for appraisal or loses his right of appraisal with respect to the shares, in either case pursuant to the DGCL, unless and until such holder shall be deemed to have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receiveconverted, as of the Effective Time, into the Per Share Merger right to receive Purchaser Consideration for each such share, as described in accordance with Section 3.1, without interest. The Company Seller shall give Parent to the Purchaser (i) prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, demands for appraisal and any other similar instruments served pursuant to applicable Law that are the DGCL received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have Seller and (ii) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall Seller will not voluntarily make any payment with respect to any demands for appraisal and will not, except with the prior written consent of Parentthe Purchaser, make any payment with respect to any demands for appraisal, settle or offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medical Staffing Network Holdings Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, Any holder of shares of IRBC Common Stock that are issued who perfects his dissenters' rights of appraisal in accordance with and outstanding immediately prior to the Effective Time and which are held as contemplated by a Stockholder who did not vote in favor Section 607.1320 of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares FBCA (the “Dissenting Shares”"Dissenter Provisions") pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive the value of such consideration shares in cash as may be determined to be due pursuant to such Dissenting Stockholder pursuant provision of Law; provided, however, that no such payment shall be made to Section 262 of the DGCL, any dissenting stockholder unless and until such holder dissenting stockholder has complied with the applicable provisions of the FBCA and surrendered to the Surviving Corporation the certificate or certificates representing the shares for which payment is being made; provided, further, nothing contained in this Section 3.4 shall have failed in any way limit the right of ANB to perfect or shall have effectively withdrawn or lost its right terminate this Agreement and abandon the Merger pursuant to appraisal under the DGCLsubsection 10.1(i) below. If any Dissenting Stockholder shall dissenting stockholder gives notice to IRBC, IRBC will promptly give ANB notice thereof, and ANB will have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, participate in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companysuch demands. The Company shall IRBC will not, except with the prior written consent of ParentANB, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands demand for payment. In the event that after the Effective Time a dissenting stockholder of IRBC fails to perfect, or approve any withdrawal effectively withdraws or loses, his right to appraisal and of any payment for his shares, the Surviving Corporation shall issue and deliver the consideration to which such demandsholder of shares of IRBC Common Stock is entitled under this Article 3 (without interest) upon surrender by such holder of the certificate or certificates representing shares of IRBC Common Stock held by him.

Appears in 1 contract

Samples: Employment Agreement (Indian River Banking Company)

Dissenting Stockholders. Notwithstanding anything in Section 3.1 of this Agreement to the contraryAgreement, shares of BANK Common Stock that are issued and outstanding immediately prior to at the Effective Time and which are held by a Stockholder holder who did not vote perfected his dissenters’ rights in favor accordance with Section 658.44 of the Merger FFIC (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares (the “Dissenting BANK Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for represent the right to receive the Per Share Merger Considerationconsideration payable thereon pursuant to Section 3.1 of this Agreement, but instead and any such holder shall be entitled to receive such consideration as may be determined to be due only to such Dissenting Stockholder pursuant to rights of appraisal as are granted by Section 262 658.44 of the DGCLFFIC (“Dissenter Provisions”), unless and until such holder shall have failed fails to perfect or shall have effectively withdrawn withdraws or lost its otherwise loses his or her right to appraisal appraisal; provided, however, that no payment in connection with Dissenting BANK Shares shall be made to any dissenting stockholder unless and until such dissenting stockholder has complied with the applicable provisions of the Dissenter Provisions and surrendered to the Surviving Bank the certificate or certificates representing the Dissenting BANK Shares for which payment is being made; provided, further, that nothing contained in this Section 3.4 shall in any way limit the right of TIB to terminate this Agreement and abandon the Merger under the DGCLSection 10.1(i). If after the Effective Time any Dissenting Stockholder shall have failed such dissenting stockholder fails to perfect or shall have effectively withdrawn withdraws or lost such rightloses his right to appraisal, such holder’s shares of BANK Common Stock shall thereupon be treated as if they had been converted at the Effective Time into and become exchangeable for the right to receive, as receive the consideration payable thereon pursuant to Section 3.1 of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, this Agreement (without interest). The Company BANK shall give Parent TIB prompt notice and a copy upon receipt by BANK of any written objection to the Merger and such written demands for appraisalpayment for shares of BANK Common Stock under the Dissenter Provisions, attempted and the withdrawals of such demands, and any other instruments served provided to BANK pursuant to applicable Law the Dissenter Provisions (any stockholder duly making such demand being hereinafter called a “Dissenting Stockholder”). Each Dissenting Stockholder that are received becomes entitled, pursuant to the Dissenter Provisions, to payment for any shares of BANK Common Stock held by such Dissenting Stockholder shall receive payment therefor from TIB (but only after the amount thereof shall have been agreed upon or at the times and in the amounts required by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the CompanyDissenter Provisions). The Company BANK shall not, except with the prior written consent of ParentTIB, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands or approve any withdrawal of any such demandsdemand for payment by a Dissenting Stockholder.

Appears in 1 contract

Samples: Plan of Merger and Merger Agreement (Tib Financial Corp.)

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Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares Any holder of Common Stock that are Tonner Shares issued and outstanding immediately prior to the Effective Time and Time, with respect to which appraisal rights, if any, are held available by a Stockholder reason of the Merger pursuant to the NYBCL, who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands appraisal complies with the requirements of such shares the NYBCL (the “Tonner Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right entitled to receive the Per Share Merger Considerationany Parent Shares pursuant to this Article II, but instead unless such holder (the “Tonner Dissenting Stockholder(s)”) fails to perfect, effectively withdraws or loses its appraisal rights under the NYBCL. Each Tonner Dissenting Stockholder shall be entitled to receive only such consideration rights as may be determined to be due to such are granted under the NYBCL, if any. If any Tonner Dissenting Stockholder pursuant fails to Section 262 of perfect, effectively withdraws or loses such appraisal rights under the DGCLNYBCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any no longer be deemed a Tonner Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, and such holder’s shares of Common Stock Tonner Dissenting Shares shall thereupon be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective Time, Time into the Per Share Merger Consideration for each right to receive that number of Parent Shares to which such shareTonner Shares are entitled pursuant to this Article II, in accordance with Section 3.1, each case without interest. The Company Prior to the Effective Time, Tonner shall give Parent prompt notice and a copy of any written demands for appraisalappraisal pursuant to the NYBCL received by Tonner, attempted withdrawals of any such demands, written demands and any other documents or instruments served pursuant to applicable Law that are received by Tonner in connection therewith. Prior to the Company relating to Stockholders’ rights of appraisalEffective Time, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company Tonner shall not, except with the prior written consent of Parent, which consent shall not unreasonably be withheld or delayed, make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle any such demands or approve any withdrawal of settle, any such demands, or agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (One World Holdings, Inc.)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrarycontrary herein, shares of Common Stock that are issued and outstanding immediately prior to the Effective Time and any Company Share for which are held by any Company Stockholder (such Company Stockholder, a Stockholder who did “Dissenting Stockholder”) (a) has not vote voted in favor of the Merger or consented to it in writing and (or consent thereto in writingb) and who is entitled to demand and properly demands has demanded the appraisal of such shares (the “Dissenting Shares”) pursuant toCompany Share in accordance with, and who complies has complied in all respects with, the provisions of Section 262 of the DGCL (collectively, the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the right to receive the Per applicable portion of Transaction Share Merger ConsiderationConsideration or Earnout Shares pursuant to Section 2.1(h). From and after the Effective Time, but instead such holder (i) the Dissenting Shares shall be cancelled and extinguished and shall cease to exist and (ii) the Dissenting Stockholders shall be entitled only to receive such consideration rights as may be determined granted to be due to such Dissenting Stockholder pursuant to them under Section 262 of the DGCLDGCL and shall not be entitled to exercise any of the voting rights or other rights of a stockholder of the Surviving Company or any of its Affiliates (including the SPAC); provided, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If however, that if any Dissenting Stockholder shall have failed effectively withdraws or loses such appraisal rights (through failure to perfect such appraisal rights or otherwise), then the Company Shares held by such Dissenting Stockholder (A) shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock no longer be deemed to be Dissenting Shares and (B) shall thereupon be treated as if they had been converted automatically at the Effective Time into and become exchangeable for the right to receivereceive the applicable portion of Transaction Share Consideration and Earnout Shares pursuant to Section 2.1(h). Each Dissenting Stockholder who becomes entitled to payment for his, as of her or its Dissenting Shares pursuant to the Effective Time, DGCL shall receive such payment from the Per Share Merger Consideration for each such share, Company in accordance with Section 3.1, without interestthe DGCL. The Company shall give Parent the SPAC prompt notice and a copy of any written demands for appraisalappraisal of any Company Share, attempted withdrawals of such demands, demands and any other documents or instruments served pursuant to applicable Law that are the DGCL and received by the Company relating to Stockholdersstockholders’ rights of appraisalappraisal in accordance with the provisions of Section 262 of the DGCL, and, at Parent’s expense, Parent and the SPAC shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyall such demands. The Company shall not, except with the prior written consent of Parentthe SPAC (prior to the Closing) (such consent not to be unreasonably withheld, conditioned or delayed), make any payment or deliver any consideration (including Company Shares or SPAC New Common Shares) with respect to, settle, or offer or agree to any demands for appraisalsettle, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 1 contract

Samples: Business Combination Agreement (Banyan Acquisition Corp)

Dissenting Stockholders. (a) Notwithstanding anything in any provision of this Agreement to the contrary, shares each share of Common Stock that are is issued and outstanding immediately prior to the Effective Time and which are that is held by a Stockholder who did (i) has not vote voted in favor of the Merger (this Agreement or consent consented thereto in writingwriting and (ii) who shall have otherwise perfected such holder’s dissenters’ rights in accordance with and who is entitled to demand and properly demands appraisal of such shares (as contemplated by the “Dissenting Shares”) pursuant to, and who complies in all respects with, the applicable provisions of Section 262 of the DGCL (the each such Stockholder, a “Dissenting StockholdersStockholder”, and each share of Common Stock held by such Dissenting Stockholder, a “Dissenting Share”) shall not be converted into or be exchangeable for represent the right to receive the Per Share Merger Considerationamounts payable with respect to such Common Stock under Section 2.8, but instead such holder shall be entitled only to receive such consideration rights as may be determined to be due to are granted by the applicable provisions of the DGCL; provided, however, that if such Dissenting Stockholder pursuant fails to Section 262 perfect, or effectively withdraws or loses such holder’s right to appraisal of and payment for such holder’s shares under the applicable provisions of the DGCL, unless and until each share of Common Stock of such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable for the right to receivefor, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings receive the amounts payable with respect to demands for appraisal by Stockholders such Common Stock under Section 2.8, and such share of Common Stock shall no longer be a Dissenting Share. In such event, the DGCL, so long as Parent does not create any pre-Closing obligations of Surviving Corporation shall deliver the Company. The Company shall not, except with the prior written consent of Parent, make any payment amounts payable with respect to any demands for appraisal, offer such Common Stock under Section 2.8 to settle which such Stockholder is entitled (without interest) as and when such payments are required to be made following surrender by such Stockholder of the certificate or settle any certificates representing the shares of Common Stock held by such demands or approve any withdrawal Stockholder and the Letter of any such demandsTransmittal in the manner provided in Section 3.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Realty Trust, L.P.)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder thereof who did shall not vote in favor of the Merger (or consent thereto in writing) have voted to adopt this Agreement and who is entitled to demand properly exercises and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting Stockholders”"DISSENTING SHARES") shall will not be converted as described in Section 2.01(a) but shall be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under the DGCL. If any Dissenting Stockholder shall have failed , the right of such holder to perfect or shall have effectively withdrawn or lost such right, such holder’s appraisal of its shares of Company Common Stock shall thereupon cease and such shares of Company Common Stock shall be treated as if they had been deemed converted into and become exchangeable for the right to receive, as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each to which any such shareholder is entitled pursuant to Section 2.01(a), any cash in accordance with lieu of fractional shares payable to any such holder pursuant to Section 3.1, without interest2.04(e) and any dividends or other distributions to which any such holder is entitled pursuant to Section 2.04(c). The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct in compliance with all applicable Laws all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL; provided, so long as that any definitive actions taken by the Company at the direction of Parent does not create in respect of any pre-Closing obligations such negotiations and proceedings may be conditioned upon occurrence of the CompanyEffective Time. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medicis Pharmaceutical Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are issued and Shares outstanding immediately prior to the Effective Time and which that are held by a Stockholder Person who did shall not vote in favor of the Merger (or consent thereto in writing) have voted to adopt this Agreement and who is entitled to demand properly exercises and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall will not be converted into or be exchangeable for the a right to receive the Per Share applicable Merger ConsiderationConsideration as described in Section 3.01, but instead such holder shall be entitled converted into the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightDGCL after the Election Deadline, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right of such holder to receive, such appraisal of its Dissenting Shares shall cease and such Shares shall be deemed canceled and converted as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each as provided in Section 3.01 to which a holder who made a Cash Merger Election would be entitled, any cash paid in respect of fractional shares payable to any such share, in accordance with holder pursuant to Section 3.1, without interest3.03(e) and any dividends or other distributions to which any such holder is entitled pursuant to Section 3.03(c). The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct in compliance with all applicable Laws all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL; provided, so long as that any definitive actions taken by the Company at the direction of Parent does not create in respect of any pre-Closing obligations such negotiations and proceedings may be conditioned upon occurrence of the CompanyEffective Time. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inamed Corp)

Dissenting Stockholders. Notwithstanding anything in Each Owner agrees not to seek or assert any dissenter's or appraisal rights, or any similar rights, to which such Owner would otherwise be entitled, and each Owner acknowledges and agrees that, upon the approval of this Agreement and the transactions contemplated hereby (including the Merger) by the holders of more than fifty percent (50%) of the outstanding shares of fully diluted Company Common Stock pursuant to the contraryVoting Agreement, shares of Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder who did not vote Merger will constitute an Approved Sale (as defined in favor Section 3(a) of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares Stockholders Agreement, dated June 19, 1995 (the “Dissenting Shares”) pursuant to"Stockholders Agreement"), among the Company, the Stockholders and holders of options and warrants to purchase capital stock of the Company), and who complies pursuant to such Section 3(a) of the Stockholders Agreement, all Stockholders shall have thereupon consented to this Agreement and the transactions contemplated hereby and waived any appraisal, dissenters' or similar rights that they might otherwise have had in all respects withrespect of the transactions contemplated by this Agreement, including the Merger. If notwithstanding the provisions of such Section 262 3(a) of the Stockholders Agreement any Stockholder (other than an Owner) shall exercise and successfully perfect (as determined by a court of competent jurisdiction) dissenter's or appraisal rights under the DGCL (the “any such Stockholder being hereinafter referred to as a "Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger ConsiderationStockholder"), but instead then such holder Dissenting Stockholder shall be entitled to receive the value of his, her or its shares of capital stock of the Company in cash as determined pursuant to the DGCL; provided that no such consideration as may payment shall be determined made to be due to any such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed Dissenting Stockholder has complied with all applicable provisions of the DGCL and surrendered to perfect the Company all certificates representing the shares for which such payment is being sought. In the event that after the Closing a Dissenting Stockholder withdraws or shall have effectively withdrawn loses his, her or lost its right rights to appraisal under the DGCL. If any Dissenting Stockholder and payment for his, her or its shares, RCG shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into issue and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, deliver in accordance with Section 3.1, 4.1 of this Agreement the consideration to which such Stockholder is entitled under Article 3 (without interest) upon surrender by such Stockholder of all certificates representing all shares of Company capital stock held by such Stockholder. The Company shall give Parent prompt notice parties acknowledge and a copy agree that the aggregate numbers of any written demands for appraisal, attempted withdrawals of such demandsClosing Date Shares and Adjusted Closing Date Shares will be determined as if there will be no Dissenting Stockholders, and any other instruments served pursuant all shares of RCG Common Stock that would otherwise be issuable under this Agreement to applicable Law that are received a Dissenting Stockholder will be retained by the Company relating RCG, unless such Dissenting Stockholder withdraws or loses his, her or its rights to Stockholders’ rights of appraisalappraisal and payment for his, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the prior written consent of Parent, make any payment with respect to any demands for appraisal, offer to settle her or settle any such demands or approve any withdrawal of any such demandsits shares.

Appears in 1 contract

Samples: Execution Copy Agreement and Plan of Merger (Renal Care Group Inc)

Dissenting Stockholders. (a) Notwithstanding anything in any provision of this Agreement to the contrary, shares of Common Barnxxxxx Xxxmon Stock that are issued and outstanding immediately prior to the Effective Barnxxxxx Xxxective Time and which that are held by stockholders who (i) shall have filed with Barnxxxxx, xxior to or at the meeting of stockholders of Barnxxxxx xx which this Agreement will be submitted to a Stockholder who did vote, a written objection to the Barnxxxxx Xxxger, (ii) shall have not vote voted in favor of the Merger Barnxxxxx Xxxger and (or consent thereto iii) shall have demanded properly in writing) and who is entitled to demand and properly demands appraisal of writing the fair value for such shares (the “Dissenting Shares”) pursuant to, and who complies of Barnxxxxx Xxxmon Stock in all respects with, the provisions of Section 262 accordance with section 351.455 of the DGCL MGBCL (the “"Dissenting Stockholders”) "), shall not be converted into or be exchangeable for represent the right to receive the Per Share Merger Consideration, Parent Common Stock or cash for fractional shares of Parent Common Stock in accordance with Sections 4.2(b) and 4.4(e) but instead such holder shall be entitled become the right to receive payment of the fair value of such consideration as may be determined to be due to such shares of Barnxxxxx Xxxmon Stock in accordance with the provisions of section 351.455 of the MGBCL, provided, however, that any Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder who shall have failed to perfect or comply with the requirements of Section 351.455 of the MGBCL shall be conclusively presumed to have effectively withdrawn or lost its right consented to appraisal under the DGCL. If any Barnxxxxx Xxxger and shall be bound by the terms thereof and the shares of Barnxxxxx Xxxmon Stock held by such Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable for the right to receivefor, as of the Effective Barnxxxxx Xxxective Time, the Per Share Merger Consideration right to receive the Parent Common Stock and cash for each such sharefractional shares of Parent Common Stock, if any, in accordance with Section 3.1Sections 4.2(b) and 4.4(e), without interestany interest thereon, upon surrender in the manner provided in Section 4.4(b) of the Barnxxxxx Xxxtificate or Certificates that formerly evidenced such Barnxxxxx Xxxmon Stock. The Company right of a Dissenting Stockholder to be paid the fair value of his or her shares pursuant to Section 351.455 of the MGBCL shall cease if and at such time Barnxxxxx xxxll abandon the Barnxxxxx Xxxger. Any payments to Dissenting Stockholders shall be paid by Barnxxxxx Xxxviving Corporation out of its own funds and no funds will be supplied, directly or indirectly, by Parent for payment to Dissenting Stockholders, nor will Parent directly or indirectly (including through Merger Sub) reimburse Barnxxxxx Xxxviving Corporation for any payments to Dissenting Stockholders. (b) Barnxxxxx xxxll give Parent (i) prompt notice and a copy copies of any written objections to this Agreement received by Barnxxxxx, xxy demands for appraisal, attempted withdrawals fair value of such demands, and any shares of Barnxxxxx Xxxmon Stock or other instruments served pursuant to applicable Law that are the MGBCL and received by the Company relating to Stockholders’ rights Barnxxxxx xxx withdrawals of appraisal, and, at Parent’s expense, Parent shall have such demands and (ii) the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders fair value under the DGCL, so long as Parent does not create any pre-Closing obligations of the CompanyMGBCL. The Company shall Barnxxxxx xxxll not, except with the prior written consent of Parent, make any payment (except to the extent that any such payment is made pursuant to a final, nonappealable court order) with respect to any demands for appraisal, the fair value of Barnxxxxx Xxxmon Stock or offer to settle or settle any such demands or approve any withdrawal of any such demands. ARTICLE 5 5.

Appears in 1 contract

Samples: 7 Agreement and Plan of Merger Agreement and Plan of Merger (Baker Hughes Inc)

Dissenting Stockholders. Notwithstanding anything All issued and outstanding shares of SURGICOE Stock held by holders of record as of the date fixed for determination of stockholders entitled to notice of and to vote at the meeting of Shareholders referred to in this Agreement Section 6.4 hereof who shall have neither voted in favor of the Merger nor consented thereto in writing and shall have delivered (and then been entitled to deliver) to SURGICOE a written demand for appraisal of their shares of SURGICOE Stock within the time and in the manner provided in O.C.G.A. §14-2-1321 (collectively, the “Dissenting Stockholders” and, individually, a “Dissenting Stockholder”) shall not be exchanged for cash, but shall be entitled to receive such consideration as shall be provided in O.C.G.A. §14-2-1325 (except as provided in O.C.G.A. §14-2-1327) in accordance with the terms and subject to the contrary, shares conditions set forth in said section; except that each share of Common SURGICOE Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Dissenting Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to shall thereafter withdraw his demand and properly demands for appraisal of such his shares (of SURGICOE Stock with the “Dissenting Shares”) pursuant toSurviving Corporation’s consent, and or who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the loses his right to receive such payment, shall no longer be a Dissenting Stockholder. SURGICOE shall deliver to USP (a) as soon as available after the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined meeting of Shareholders to be due to such Dissenting Stockholder called pursuant to Section 262 6.4 hereof, a list of all Shareholders who have filed written objections to the DGCLMerger on or before said date, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and (b) a copy of any written demands for appraisal, attempted withdrawals of the notice sent to such demandsstockholders pursuant to O.C.G.A §14-2-1325, and any (c) from time to time, as USP shall reasonably request, other instruments served pursuant relevant information with respect to applicable Law that are received by the Company relating such objections and demands. SURGICOE shall afford to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have USP the opportunity and right to direct participate in all negotiations and proceedings with respect to any such demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company and shall not, prior to the Effective Time, except with the prior written consent of ParentUSP, voluntarily make any payment with respect to any demands for appraisalto, offer to settle or settle offer or agree to settle, any such demands or approve any withdrawal of any such demandsfor payment.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (United Surgical Partners International Inc)

Dissenting Stockholders. Each Owner waives notice of and agrees not to seek or assert any dissenter's or appraisal rights, or any similar rights, to which such Owner would otherwise be entitled. Notwithstanding anything in this Agreement to the contrary, but only in the circumstances and to the extent provided by the DGCL, shares of Common Company Capital Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder Persons who are not Owners and who did not vote such shares in favor of the Merger (or consent thereto to the Merger in writing) writing and who is shall have properly and timely delivered to the Company, as the case may be, a written demand for appraisal of their shares of the Company Capital Stock in accordance with Section 262 of the DGCL ("Dissenting Shares") shall not be converted into the right to receive, or be exchangeable for, the Merger Consideration, the contingent right to receive a proportionate percentage of the Escrow Amount. Instead, the holders of Dissenting Shares shall be entitled to demand and properly demands appraisal payment of the fair value of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, accordance with the provisions of Section 262 of the DGCL DGCL. The Company shall give Parent (the “Dissenting Stockholders”i) shall not be converted into or be exchangeable prompt notice of all demands for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to payment under Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have (ii) the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders payment under Section 262 of the DGCL. Prior to the Effective Time, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with without the prior written consent of Parent, make any payment with respect to, or settle or offer to settle, any demands for appraisalpayment under Section 262 of the DGCL, offer or agree to settle or settle do any of the foregoing. If a holder of Company Capital Stock demands appraisal of the fair value of shares of Company Capital Stock under Section 262 of the DGCL after Closing and such demands or approve shares become Dissenting Shares, the Owners' Representative shall instruct the Paying Agent to return to Parent any withdrawal portion of any the Aggregate Merger Consideration previously deposited with respect to such demandsDissenting Shares and the Paying Agent will return such portion to Parent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Renal Care Group Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies of Company Common Stock in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall not be converted into a right to receive the Merger Consideration but instead shall only be entitled to the rights provided under Section 262 of the DGCL. At the Effective Time, by virtue of the Merger (x) all Dissenting Shares shall be cancelled and cease to exist and (y) the holder or holders of Dissenting Shares shall be exchangeable for entitled only to such rights as may be granted to them under Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its shares of Company Common Stock shall cease, and such shares of Company Common Stock shall be deemed converted as of the Effective Time into the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights for appraisal of appraisal, and, at Parent’s expense, Parent shall have shares and the opportunity and right to direct all negotiations and proceedings with respect to demands for the exercise of appraisal by Stockholders rights under Section 262 of the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company shall not, except with the Parent’s prior written consent of Parentconsent, voluntarily make any payment with respect to any demands for appraisal, or offer to settle or settle any such demands or approve any withdrawal of any such demandsfor appraisal for Dissenting Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Clubcorp Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are issued and Shares outstanding immediately prior to the Effective Time and which that are held by a Stockholder Person who did shall not vote in favor of the Merger (or consent thereto in writing) have voted to adopt this Agreement and who is entitled to demand properly exercises and properly demands perfects appraisal of rights for such shares (the “Dissenting Shares”) pursuant to, and who complies Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the "Dissenting Stockholders”Shares") shall will not be converted into or be exchangeable for the a right to receive the Per Share applicable Merger ConsiderationConsideration as described in Section 3.01, but instead such holder shall be entitled converted into the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL; provided, unless and until however, that if any such holder shall have failed fail to perfect or otherwise shall have effectively withdrawn waive, withdraw or lost its lose the right to appraisal and payment under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightDGCL after the Election Deadline, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right of such holder to receive, such appraisal of its Dissenting Shares shall cease and such Shares shall be deemed canceled and converted as of the Effective Time, Time into the Per Share right to receive the Merger Consideration for each as provided in Section 3.01 to which a holder who made a Cash Merger Election would be entitled, any cash paid in respect of fractional shares payable to any such share, in accordance with holder pursuant to Section 3.1, without interest3.03(e) and any dividends or other distributions to which any such holder is entitled pursuant to Section 3.03(c). The Company shall give Parent (a) prompt notice and a copy of any written demands for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have and (b) the opportunity and right to direct in compliance with all applicable Laws all negotiations and proceedings with respect to demands for appraisal by Stockholders appraisals under the DGCL; provided, so long as that any definitive actions taken by the Company at the direction of Parent does not create in respect of any pre-Closing obligations such negotiations and proceedings may be conditioned upon occurrence of the CompanyEffective Time. The Company shall not, except with the prior written consent of Parent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inamed Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, Any holder of shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand perfects such holder’s appraisal rights, if applicable and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant toavailable, in accordance with and who complies in all respects with, the provisions of as contemplated by Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the right entitled to receive the Per Share Merger Consideration, Consideration but instead such holder shall be entitled to receive such consideration as may be determined to be due only to such Dissenting Stockholder pursuant to rights as provided by Section 262 of the DGCL, if any. No payment shall be made to any dissenting stockholder unless and until such holder shall have failed dissenting stockholder has complied with the applicable provisions of the DGCL and surrendered to perfect the Company the certificate or shall have effectively withdrawn or lost its right to appraisal under certificates representing the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such rightshares for which payment is being made; provided, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receivethat, as of at the Effective Time, all Dissenting Shares shall no longer be outstanding and shall automatically be canceled and cease to exist and the Per Share Merger Consideration holder of such Dissenting Shares shall cease to have any rights with respect to such Dissenting Shares, except as set forth in this Section 3.3 or as otherwise provided in the DGCL. In the event that after the Effective Time a dissenting stockholder of the Company fails to perfect, or effectively withdraws or loses, such dissenting stockholder’s right to appraisal of and payment for each such sharedissenting stockholder’s shares, in accordance with Section 3.1, the Surviving Corporation shall issue and deliver the consideration to which such holder of shares of Company Common Stock is entitled under this Article III (without interest) upon surrender by such holder of the certificate or certificates representing the shares of Company Common Stock held by such holder. The Company shall give Parent prompt notice and a copy of any written demands received by the Company for appraisalappraisal of shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law the DGCL that are received by the Company relating to Stockholders’ rights for appraisal of appraisalany shares of Company Common Stock, and, at Parent’s expense, and Parent shall have the opportunity and right to direct participate in and control all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companysuch demands. The Company shall not, except Except with the prior written consent of Parent, the Company shall not make any payment with respect to any demands for appraisalto, or offer to settle or settle any such demands or approve any withdrawal of settle, any such demands.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netsmart Technologies Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which that are held by a Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and any Person who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive such Persons’ portions of the Per Share Merger Consideration, but instead rather the holders of such holder Dissenting Shares shall be entitled to receive such consideration as may be determined to be due to payment by the Surviving Corporation of the “fair value” of such Dissenting Stockholder pursuant Shares in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal under Section 262 of the DGCL, unless and until then the right of such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under be paid the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, fair value of such holder’s shares of Common Stock Dissenting Shares shall thereupon cease and such Dissenting Shares shall be treated as if they had deemed to have been converted into and become exchangeable for the right to receive, as of the Effective TimeTime into, and to have become exchangeable solely for, the Per Share right to receive the Merger Consideration (for each the avoidance of doubt, without any interest thereon), upon proper delivery to the Exchange Agent of such sharePerson’s Certificates (or affidavit of loss, in accordance with Section 3.1lieu thereof, without interestin the form required by the Exchange Agent) or an “agent’s message,” as applicable (including, for the avoidance of doubt, any documents or agreements required by the Exchange Agent). The Company shall give Parent provide prompt notice and a copy to SPAC of any written demands received by the Company for appraisalappraisal of any shares of Company Common Stock, attempted withdrawals of such demands, demands and any other instruments served pursuant to applicable Law that are Section 262 of the DGCL received by the Company relating to Stockholders’ rights of appraisalCompany. To the extent permitted by applicable Law, and, at Parent’s expense, Parent SPAC shall have the opportunity to participate with the Company in any and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under such demands. Prior to the DGCLEffective Time, so long as Parent does not create any pre-Closing obligations of neither the Company. The Company shall notnor SPAC shall, except with without the prior written consent of Parentthe other party, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands or approve applications, waive any withdrawal failure to timely deliver a written demand for appraisal, or agree to do any of any such demandsthe foregoing.

Appears in 1 contract

Samples: Business Combination Agreement (Atlantic Coastal Acquisition Corp. II)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies Company Common Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “"Dissenting Stockholders”Shares") shall not be converted into a right to receive the Merger Consideration and will be paid for by the Surviving Corporation in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its Company Common Shares shall cease, and such Company Common Shares shall be exchangeable for deemed converted as of the Effective Time into the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent prompt notice and a copy of any written demands (or purported demands) for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Company. Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of DGCL and the Company. The Company shall not, except with the Parent's prior written consent of Parentconsent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aviall Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder holder who did has not vote voted in favor of the Merger (or consent consented thereto in writing) writing and who is entitled to demand and properly demands has demanded appraisal of for such shares (the “Dissenting Shares”) pursuant to, and who complies Company Common Shares in all respects with, the provisions of accordance with Section 262 of the DGCL (the “Dissenting StockholdersShares”) shall not be converted into a right to receive the Merger Consideration and will be paid for by the Surviving Corporation in accordance with Section 262 of the DGCL; provided, however, that if any such holder shall fail to perfect or otherwise shall waive, withdraw or lose the right to appraisal and payment under the DGCL, the right of such holder to such appraisal of its Company Common Shares shall cease, and such Company Common Shares shall be exchangeable for deemed converted as of the Effective Time into the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, as provided in accordance with Section 3.1, without interestthis Article 3. The Company shall give Parent prompt notice and a copy of any written demands (or purported demands) for appraisalappraisal received by the Company, attempted withdrawals of such demands, and any other related instruments served pursuant to applicable Law that are Section 262 of the DGCL and received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Company. Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of DGCL and the Company. The Company shall not, except with the Parent’s prior written consent of Parentconsent, (i) voluntarily make any payment with respect to any demands for appraisalappraisal for Dissenting Shares, (ii) offer to settle settle, or settle any such demands or approve any withdrawal of settle, any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL, or (iv) agree to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Boeing Co)

Dissenting Stockholders. Notwithstanding anything All issued and outstanding shares of Company Preferred Stock held by holders of record as of the date fixed for determination of stockholders entitled to notice of and to vote at the meeting of the stockholders of the Company who shall have neither voted in this Agreement favor of the Merger nor consented thereto in writing and shall have delivered (and then have been entitled to deliver) to the contrary, Company a written demand for appraisal of their shares of Company Preferred Stock within the time and in the manner provided in Section 262 of the Delaware Law (individually, a "Dissenter," and collectively, the "Dissenters") shall not be converted into Parent Common Stock, but shall be entitled to receive such consideration as shall be provided in Section 262 in accordance with the terms and subject to the conditions set forth in said Section 262, except that each share of Company Preferred Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a Stockholder Dissenter who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to shall thereafter withdraw his demand and properly demands for appraisal of his shares of Company Preferred Stock with the Surviving Corporation's consent or lose his right to such shares (the “Dissenting Shares”) pursuant to, and who complies payment as provided in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receivedeemed converted, as of the Effective Time, the Per Share Merger Consideration for each such shareinto fully paid and nonassessable shares of Parent Common Stock, in accordance with Section 3.1, without interestwhich event such stockholder shall no longer be a Dissenter. The Company shall give deliver to Parent prompt (i) on the first business day following the meeting of stockholders of the Company (or the twenty first (21st) day following notice and of written consent), a copy list of any all holders of Company Preferred Stock who have filed written demands for appraisal, attempted withdrawals payment of their shares of Company Preferred Stock by the date of such demandsmeeting in accordance with said Section 262, and any other instruments served pursuant (ii) from time to applicable Law that are received by the Company relating to Stockholders’ rights of appraisaltime, and, at Parent’s expense, as Parent shall have reasonably request, other relevant information with respect to such objections and demands. The Company shall afford to Parent the opportunity and right to direct participate in all negotiations and proceedings with respect to any such demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Company. The Company and shall not, prior to the Effective Time, except with the prior written consent of Parent, voluntarily make any payment with respect to any demands for appraisalto, offer to settle or settle offer or agree to settle, any such demands or approve any withdrawal of any such demandsfor payment.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Showscan Entertainment Inc)

Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, shares of Common Stock that are issued and outstanding immediately no Person who has prior to the Effective Time and which are perfected a demand for appraisal rights pursuant to Subchapter 13 of the ABCA (a “Dissenting Stockholder”) with respect to any shares of Community Stock held by a such Dissenting Stockholder who did not vote in favor of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares (the “Dissenting Shares”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right entitled to receive the Per Share Merger ConsiderationConsideration with respect to such Dissenting Shares unless and until such Dissenting Stockholder shall have effectively withdrawn (in accordance with the applicable provisions of the ABCA) or lost such Person’s right to appraisal under the ABCA with respect to such Dissenting Shares. Unless and until a Dissenting Stockholder shall have effectively so withdrawn or lost such Dissenting Stockholder’s right to appraisal under the ABCA with respect to Dissenting Shares, but instead such holder Dissenting Stockholder shall be entitled to receive only payment of the fair value of such consideration Dissenting Shares as may be determined required by Subchapter 13 of the ABCA (including any interest thereon and related costs, if any, required to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, paid in accordance with Section 3.1, without interestSubchapter 13 of the ABCA). The Company Community shall give Parent EQBK (A) prompt written notice and a copy of any written demands for appraisalpayment of fair value, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by Community prior to the Company Effective Time in accordance with the provisions of Subchapter 13 of the ABCA relating to StockholdersCommunity stockholdersappraisal rights of appraisal, and, at Parent’s expense, Parent shall have and (B) the opportunity to participate in and right to direct control all negotiations and proceedings with respect to demands for appraisal payment of fair value by Stockholders Community stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations Subchapter 13 of the CompanyABCA. The Company Community shall not, except with the prior written consent of ParentEQBK (which shall not be unreasonably withheld, conditioned or delayed), make any payment with respect to any such dissent or demands for appraisalpayment of fair value, offer to settle or settle any such demands demands. Any payment required to be made with respect to the Dissenting Shares shall be made by EQBK. From and after the Effective Time, Dissenting Shares shall not be entitled to vote for any purpose or approve any withdrawal be entitled to the payment of any such demandsdividends or other distributions (except dividends or other distributions payable to stockholders of record prior to the Effective Time).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrarycontrary herein, shares of Common Stock that are issued and outstanding immediately prior to the Effective Time and any Company Share for which are held by any Company Stockholder (such Company Stockholder, a Stockholder who did “Dissenting Stockholder”) (a) has not vote voted in favor of the Merger or consented to it in writing and (or consent thereto in writingb) and who is entitled to demand and properly demands has demanded the appraisal of such shares (the “Dissenting Shares”) pursuant toCompany Share in accordance with, and who complies has complied in all respects with, the provisions of Section 262 of the DGCL (collectively, the “Dissenting StockholdersShares”) shall not be converted into or be exchangeable for the right to receive the Per applicable portion of Transaction Share Merger Consideration, but instead such holder Earnout Shares, EBITDA Earnout Shares or Additional Consideration pursuant to Section 2.1(h). From and after the Effective Time, (i) the Dissenting Shares shall be cancelled and extinguished and shall cease to exist and (ii) the Dissenting Stockholders shall be entitled only to receive such consideration rights as may be determined granted to be due to such Dissenting Stockholder pursuant to them under Section 262 of the DGCLDGCL and shall not be entitled to exercise any of the voting rights or other rights of a stockholder of the Surviving Company or any of its Affiliates (including the SPAC); provided, unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost its right to appraisal under the DGCL. If however, that if any Dissenting Stockholder shall have failed effectively withdraws or loses such appraisal rights (through failure to perfect such appraisal rights or otherwise), then the Company Shares held by such Dissenting Stockholder (A) shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock no longer be deemed to be Dissenting Shares and (B) shall thereupon be treated as if they had been converted automatically at the Effective Time into and become exchangeable for the right to receivereceive the applicable portion of Transaction Share Consideration, as of Earnout Shares, EBITDA Earnout Shares and Additional Consideration pursuant to Section 2.1(h). Each Dissenting Stockholder who becomes entitled to payment for his, her or its Dissenting Shares pursuant to the Effective Time, DGCL shall receive such payment from the Per Share Merger Consideration for each such share, Company in accordance with Section 3.1, without interestthe DGCL. The Company shall give Parent the SPAC prompt notice and a copy of any written demands for appraisalappraisal of any Company Share, attempted withdrawals of such demands, demands and any other documents or instruments served pursuant to applicable Law that are the DGCL and received by the Company relating to Stockholdersstockholders’ rights of appraisalappraisal in accordance with the provisions of Section 262 of the DGCL, and, at Parent’s expense, Parent and the SPAC shall have the opportunity and right to direct participate in all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companyall such demands. The Company shall not, except with the prior written consent of Parentthe SPAC (prior to the Closing) (such consent not to be unreasonably withheld, conditioned or delayed), make any payment or deliver any consideration (including Company Shares or SPAC New Common Shares) with respect to, settle, or offer or agree to any demands for appraisalsettle, offer to settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 1 contract

Samples: Business Combination Agreement (Banyan Acquisition Corp)

Dissenting Stockholders. Notwithstanding anything in this Agreement to the contrary, Any holder of shares of IRBC Common Stock that are issued who perfects his dissenters’ rights of appraisal in accordance with and outstanding immediately prior to the Effective Time and which are held as contemplated by a Stockholder who did not vote in favor Section 607.1320 of the Merger (or consent thereto in writing) and who is entitled to demand and properly demands appraisal of such shares FBCA (the “Dissenting SharesDissenter Provisions”) pursuant to, and who complies in all respects with, the provisions of Section 262 of the DGCL (the “Dissenting Stockholders”) shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration, but instead such holder shall be entitled to receive the value of such consideration shares in cash as may be determined to be due pursuant to such Dissenting Stockholder pursuant provision of Law; provided, however, that no such payment shall be made to Section 262 of the DGCL, any dissenting stockholder unless and until such holder dissenting stockholder has complied with the applicable provisions of the FBCA and surrendered to the Surviving Corporation the certificate or certificates representing the shares for which payment is being made; provided, further, nothing contained in this Section 3.4 shall have failed in any way limit the right of ANB to perfect or shall have effectively withdrawn or lost its right terminate this Agreement and abandon the Merger pursuant to appraisal under the DGCLsubsection 10.1(i) below. If any Dissenting Stockholder shall dissenting stockholder gives notice to IRBC, IRBC will promptly give ANB notice thereof, and ANB will have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s shares of Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time, the Per Share Merger Consideration for each such share, participate in accordance with Section 3.1, without interest. The Company shall give Parent prompt notice and a copy of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law that are received by the Company relating to Stockholders’ rights of appraisal, and, at Parent’s expense, Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to demands for appraisal by Stockholders under the DGCL, so long as Parent does not create any pre-Closing obligations of the Companysuch demands. The Company shall IRBC will not, except with the prior written consent of ParentANB, voluntarily make any payment with respect to any demands for appraisalto, or settle or offer to settle or settle settle, any such demands demand for payment. In the event that after the Effective Time a dissenting stockholder of IRBC fails to perfect, or approve any withdrawal effectively withdraws or loses, his right to appraisal and of any payment for his shares, the Surviving Corporation shall issue and deliver the consideration to which such demandsholder of shares of IRBC Common Stock is entitled under this Article 3 (without interest) upon surrender by such holder of the certificate or certificates representing shares of IRBC Common Stock held by him.

Appears in 1 contract

Samples: Employment Agreement (Alabama National Bancorporation)

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