Common use of No Further Rights or Transfers Clause in Contracts

No Further Rights or Transfers. At and after the Effective Time, except for the surrender of the Certificate(s) in exchange for the right to receive the Merger Consideration with respect thereto (or, in the case of holders of Dissenting Shares, the right to receive the payment provided for by Section 262 of the DGCL), (i) each holder of Company Shares shall cease to have any rights as a stockholder of the Company, and (ii) no transfer of Company Shares shall thereafter be made on the stock transfer books of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Velocity Express Corp), Execution Copy Agreement and Plan of Merger (Cd&l Inc)

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No Further Rights or Transfers. At Except for the surrender of the certificate(s) in exchange for the Merger Consideration or the perfection of appraisal rights with respect to the Dissenting Shares, at and after the Effective Time, except for the surrender of the Certificate(s) in exchange for the right to receive the Merger Consideration with respect thereto (or, in the case of holders of Dissenting Shares, the right to receive the payment provided for by Section 262 of the DGCL), (i) each holder of shares of Company Shares Common Stock issued and outstanding immediately prior to the Merger shall cease to have any rights as a stockholder of the Company, and (ii) no transfer of shares of Company Shares Common Stock issued and outstanding immediately prior to the Merger shall thereafter be made on the stock transfer books of the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pencil Acquisition Corp.), Agreement and Plan of Merger (Dixon Ticonderoga Co)

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