Common use of No Further Ownership Rights in Company Shares Clause in Contracts

No Further Ownership Rights in Company Shares. The Merger Consideration paid in accordance with the terms of this Article II upon conversion of any Company Shares shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such Company Shares. From and after the Effective Time, there shall be no further registration of transfers on the register of members of the Surviving Company of Company Shares that were outstanding immediately prior to the Effective Time. If, after the Effective Time, Company Shares held in registered form are presented to Parent or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Home Loan Servicing Solutions, Ltd.), Agreement and Plan of Merger (New Residential Investment Corp.), Agreement and Plan of Merger (New Residential Investment Corp.)

AutoNDA by SimpleDocs

No Further Ownership Rights in Company Shares. The All Merger Consideration paid upon the surrender for exchange of Company Shares in accordance with the terms of this Article II upon conversion of any Company Shares hereof shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such Company Shares. From , and after the Effective Time, there shall be no further registration of transfers on the register of members records of the Surviving Company Entity of Company Shares that which were outstanding immediately prior to the Effective Time. If, after the Effective Time, certificates representing Company Shares held in registered form are presented to Parent or the Paying Agent Surviving Entity for any reason, they shall be canceled cancelled and exchanged as provided in this Article II.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Prospect Medical Holdings Inc), Agreement and Plan of Reorganization (Lee Samuel Sang-Bum)

AutoNDA by SimpleDocs

No Further Ownership Rights in Company Shares. The Net Merger Consideration paid (and Supplemental Merger Consideration, if any) delivered upon the surrender for exchange of Company Shares in accordance with the terms of this Article II upon conversion of any Company Shares hereof shall be deemed to have been issued and paid in full satisfaction of all rights pertaining to such Company Shares. From , and after the Effective Time, there shall be no further registration of transfers on the register of members of the Surviving Company of Company Shares that which were outstanding immediately prior to the Effective TimeTime on the records of the Surviving Corporation. If, after the Effective Time, Company Shares held in registered form Certificates are presented to Parent or the Paying Agent Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

Appears in 1 contract

Samples: Plan and Agreement of Merger (American Architectural Products Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.