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

No Further Ownership Rights in Common Stock. All cash paid upon ------------------------------------------- the surrender of Certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article III, except as otherwise provided by law.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cobra Golf Inc), Agreement and Plan of Merger (Cobra Golf Inc), Agreement and Plan of Merger (American Brands Inc /De/)

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No Further Ownership Rights in Common Stock. All cash paid upon ------------------------------------------- the surrender of Certificates in accordance with the terms of this Article III 3 shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock theretofore previously represented by such Certificates. At the Effective Timeclose of business on the day on which the Merger is consummated, the stock transfer books of the Company shall be closed, closed and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock that were outstanding immediately prior to the Effective Time. If, at any time after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article III, except as otherwise provided by law3.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sixx Holdings Inc), Stock Purchase Agreement (Bailey Lee Ann)

No Further Ownership Rights in Common Stock. All cash The Merger Consideration paid upon ------------------------------------------- the surrender of Certificates any Certificate, in accordance with the terms of this Article III III, shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock theretofore formerly represented by such CertificatesCertificate. At the Effective Time, the stock transfer books of the Company shall be closed, closed and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented a Certificate Holder presents a Certificate to the Surviving Corporation or the Paying Agent for any reason, they such Certificate shall be canceled cancelled and exchanged as provided in pursuant to this Article III, except as otherwise provided by law.

Appears in 2 contracts

Samples: Employment Agreement (Stephan Co), Agreement and Plan of Merger (Stephan Co)

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No Further Ownership Rights in Common Stock. All cash paid upon ------------------------------------------- -------------------------------------------- the surrender of Certificates in accordance with the terms of this Article III shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Common Stock theretofore represented by such Certificates. At the Effective Time, the stock transfer books of the Company shall be closed, and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Common Stock that which were outstanding immediately prior to the Effective TimeTime of the Merger. If, after the Effective TimeTime of the Merger, Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article III, except as otherwise provided by law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Atria Communities Inc)

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