Common use of Extinguishment of Rights Clause in Contracts

Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Shareholder who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b), that has not been deposited with all other instruments required by Section 4.2, on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to Parent Common Stock. On such date, shares of Parent Common Stock (and any dividends or distributions with respect thereto) and cash, if any, to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent FinanceCo, Parent SubCo, Company or the Depositary shall be liable to any Person in respect of any Parent Common Stock (or dividends, distributions and/or cash in lieu of fractional shares) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Advanced Micro Devices Inc, Advanced Micro Devices Inc

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Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Shareholder who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b), that has not been deposited with all other instruments required by Section 4.24.1, on or prior to the sixth fifth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to Parent Common StockStock (and associated Parent Rights). On such date, shares of Parent Common Stock (and associated Parent Rights) (and any dividends or distributions with respect thereto) and cash, if any, to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent FinanceCo, Parent SubCo, the Company or the Depositary shall be liable to any Person in respect of any Parent Common Stock (and associated Parent Rights) (or dividends, distributions and/or cash in lieu of fractional shares) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Combination Agreement (Donnelley R R & Sons Co), Combination Agreement (Moore Wallace Inc)

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Extinguishment of Rights. Any certificate which immediately prior to the Effective Time represented outstanding Company Common Shares that are not held by a Dissenting Company Shareholder who has exercised its right to dissent in accordance with Article 3 hereof and who is ultimately entitled to be paid fair value of the Company Common Shares held by such Dissenting Shareholder, Company Shareholder but was exchanged or was deemed to have been exchanged pursuant to Section 2.2(b)2.2, that has not been deposited with all other instruments required by Section 4.1 or Section 4.2, on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature to as a holder of Exchangeable Shares or Parent Common StockShares. On such date, shares of the Exchangeable Shares or Parent Common Stock Shares (and any dividends or distributions with respect thereto) and cash, if any, to which the former holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered for no consideration to Parent SubCo, Purchaser together with all entitlements to dividends, distributions, cash and interest in respect thereof held for such former holder. None of Parent, Parent FinanceCothe Company, Parent SubCoPurchaser, Company Canco or the Depositary shall be liable to any Person in respect of any the Exchangeable Shares or Parent Common Stock Shares (or dividends, distributions and/or cash in lieu of fractional sharesdividends or distributions) delivered to a public official pursuant to and in compliance with any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Voting Agreement (Ad.Venture Partners, Inc.)

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