Common use of No Further Ownership Rights in Common Stock Clause in Contracts

No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Spartech Corp), Agreement and Plan of Merger (Tyco International LTD /Ber/), Agreement and Plan of Merger (Alberto Culver Co)

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No Further Ownership Rights in Common Stock. From and after ------------------------------------------- the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tyco International LTD), Agreement and Plan of Merger (Earth Technology Corp Usa)

No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock which and Class A Common stock that were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock or Class A Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Net2phone Inc), Agreement and Plan of Merger (Idt Corp)

No Further Ownership Rights in Common Stock. From and after After the Effective Time, the shareholders of the Company shall cease to have any further rights as holders of such shares of Common Stock, other than the right to payment from the Paying Agent pursuant to the terms of this Agreement upon the surrender of their Certificate(s). There shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common StockTime.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Admar Group Inc)

No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common Stock.. Section 2.10

Appears in 1 contract

Samples: Conformed Copy Agreement and Plan of Merger Agreement and Plan of Merger (Textron Inc)

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No Further Ownership Rights in Common Stock. From and after the Effective Time, the holders of shares of Common Stock Shares which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock Shares except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to the shares of Common StockShares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tel Save Holdings Inc)

No Further Ownership Rights in Common Stock. From and ------------------------------------------- after the Effective Time, the holders of shares of Common Stock which were outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Common Stock except as otherwise provided in this Agreement or by applicable law. All cash paid upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been issued paid in full satisfaction of all rights pertaining to the shares of Common Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lion Brewery Inc)

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