Common use of Rights of Certificate Holders after the Effective Time Clause in Contracts

Rights of Certificate Holders after the Effective Time. The holder of a Certificate that prior to the Merger represented issued and outstanding Safety Fund Common Stock shall have no rights, after the Effective Time, with respect to such Safety Fund Common Stock except to surrender the Certificate in exchange for the Merger Consideration as provided in this Agreement or to perfect the rights of appraisal as a holder of Dissenting Shares that such holder may have pursuant to the applicable provisions of Massachusetts law. No dividends or other distributions declared after the Effective Time with respect to Buyer Common Stock shall be paid to the holder of any un-surrendered Certificate until the holder thereof shall surrender such Certificate in accordance with this Section 2.8. After the surrender of a Certificate in accordance with this Section 2.8, the record holder thereof shall be entitled to receive any such dividends or other distributions, without any interest thereon, which theretofore had become payable with respect to shares of Buyer Common Stock represented by such Certificate.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (CFX Corp), Agreement and Plan of Merger (CFX Corp), Agreement and Plan of Merger (Safety Fund Corp)

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Rights of Certificate Holders after the Effective Time. The holder of a Certificate that prior to the Merger represented issued and outstanding Safety Fund Sandwich Common Stock shall have no rights, after the Effective Time, with respect to such Safety Fund Sandwich Common Stock except to surrender the Certificate in exchange for the Merger Consideration as provided in this Agreement or to perfect the rights of appraisal as a holder of Dissenting Shares that such holder may have pursuant to the applicable provisions of Massachusetts law. No dividends or other distributions declared after the Effective Time with respect to Buyer 1855 Common Stock shall be paid to the holder of any un-surrendered unsurrendered Certificate until the holder thereof shall surrender such Certificate in accordance with this Section 2.83.4. After the surrender of a Certificate in accordance with this Section 2.83.4, the record holder thereof shall be entitled to receive any such dividends or other distributions, without any interest thereon, which theretofore had become payable with respect to shares of Buyer 1855 Common Stock represented by such Certificate.

Appears in 1 contract

Samples: Affiliation and Merger Agreement (1855 Bancorp)

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