Common use of Right to Merger Consideration Clause in Contracts

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER nor COMPANY shall be liable to any holder of COMPANY Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Moovies Inc), Agreement and Plan of Merger (Video Update Inc)

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Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares Company Common Shares, evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Common Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

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

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Company Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration, except as set forth in the Notes. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

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

Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares Company Shares, evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration, except as set forth in the Notes. Neither BUYER Buyer nor COMPANY Company shall be liable to any holder of COMPANY shares of Company Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

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

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Right to Merger Consideration. Until surrendered and exchanged in accordance with this Section 2.9, each such Certificate shall, after the Effective Time, represent solely the right to receive the Merger Consideration, multiplied by the number of shares of COMPANY Shares evidenced by such Certificate, and shall have no ownership or other rights. No interest shall accrue or be payable on any Merger Consideration. Neither BUYER nor COMPANY shall be liable to any holder of shares of COMPANY Shares for any Merger Consideration (or dividends or distributions with respect thereto) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Barbers Hairstyling for Men & Women Inc)

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