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

No Further Ownership Rights in Company Stock. All shares of Parent Common Stock issued upon the surrender of the Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock, and there shall be no further registration of transfers on the records of the Company of shares of Company Stock which were outstanding immediately prior to the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Retrospettiva Inc), Agreement and Plan of Merger (Chay Enterprises, Inc.)

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No Further Ownership Rights in Company Stock. All shares of Parent Common Merger Stock issued upon the surrender of the Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Stock, and there shall be no further registration of transfers on the records of the Company of shares of Company Stock which were outstanding immediately prior to the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Ampio Pharmaceuticals, Inc.)

No Further Ownership Rights in Company Stock. All shares of Parent Common Stock the Merger Shares issued to the Recipients upon the surrender consummation of the Company Stock in accordance with the terms hereof Merger shall be deemed to have been issued in full satisfaction of all rights pertaining to such the outstanding Company Stock, Common Stock and Company Preferred Stock and there shall be no further registration of transfers on the records of the Company Surviving Corp or Parent of the shares of Company Common Stock which or Company Preferred Stock that were outstanding immediately prior to the ClosingEffective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Victory Acquisition Corp)

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No Further Ownership Rights in Company Stock. All shares of Parent Common Stock issued upon the surrender for exchange of the shares of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there . There shall be no further registration of transfers on the records of the Company or the Surviving Company of shares of Company Stock Stock, which were outstanding immediately prior to the ClosingEffective Time. If after the Effective Time certificates evidencing ownership on the Company are presented to the Surviving Company or Parent for any reason, they shall be canceled and exchanged.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Idi Global Inc)

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