Rights as Stockholders; Stock Transfers. At the Effective Time, holders of Xxxxxxxxx'x stock shall cease to be, and shall have no rights as, stockholders of Xxxxxxxxx, other than the right to receive the consideration provided for in this Article 3, and WTC will own all of Xxxxxxxxx'x outstanding shares of capital stock. After the Effective Time, there shall be no transfers on the stock transfer books of Xxxxxxxxx of shares of Xxxxxxxxx'x capital stock.
Appears in 2 contracts
Samples: Merger Agreement (Wilmington Trust Corp), Merger Agreement (Wilmington Trust Corp)
Rights as Stockholders; Stock Transfers. At the Effective Time, holders of Xxxxxxxxx'x stock Xxxxxx Stock shall cease to be, and shall have no rights as, stockholders of XxxxxxxxxXxxxxx, other than the right to receive any dividend or other distribution with respect to such Xxxxxx Stock permitted under this Agreement with a record date occurring prior to the Effective Time and the consideration provided for in under this Article 3, and WTC will own all of Xxxxxxxxx'x outstanding shares of capital stockIII. After the Effective Time, there shall be no transfers on the stock transfer books of Xxxxxxxxx Xxxxxx or the Surviving Corporation of shares of Xxxxxxxxx'x capital stockXxxxxx Stock.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (MFS Financial Inc), Agreement and Plan of Merger (Marion Capital Holdings Inc)
