Common use of Shares of Dissenting Stockholders Clause in Contracts

Shares of Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her appraisal rights (the "Dissenting Shares") under the DGCL, shall not be converted into the right to receive the Merger Consideration, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, any such holder shall have failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without interest or dividends thereon, the consideration provided for in this Article II.

Appears in 2 contracts

Samples: Recapitalization Agreement and Plan of Merger (Cornerstone Equity Investors Iv Lp), Agreement (Mikasa Inc)

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Shares of Dissenting Stockholders. (ai) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her such holder's appraisal rights (the "Dissenting SharesDISSENTING SHARES") under the DGCL, DGCL shall not be converted into the right to receive the Merger Considerationconsideration provided for in this Section 2.05, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, If any such holder shall have so failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest or dividends thereon, the consideration provided for in this Article IISection 2.05.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Travelcenters of America LLC), Recapitalization Agreement and Plan of Merger (Travelcenters of America Inc)

Shares of Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her appraisal rights (the "Dissenting SharesDISSENTING SHARES") under the DGCL, shall not be converted into the right to receive the Merger Consideration, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, any such holder shall have failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without interest or dividends thereon, the consideration provided for in this Article II.

Appears in 1 contract

Samples: Recapitalization Agreement and Plan of Merger (Westaff Inc)

Shares of Dissenting Stockholders. (ai) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her such holder’s appraisal rights (the "Dissenting Shares") under the DGCL, DGCL shall not be converted into the right to receive the Merger Considerationconsideration provided for in this Section 2.05, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, If any such holder shall have so failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's ’s Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest or dividends thereon, the consideration provided for in this Article IISection 2.05.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hospitality Properties Trust)

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Shares of Dissenting Stockholders. (a) --------------------------------- Notwithstanding anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her appraisal rights (the "Dissenting Shares") under the DGCL, DGCL shall not be converted into the ----------------- right to receive the Merger Considerationconsideration provided for in this Article III, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, If any such holder shall have so failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest or dividends thereon, the consideration provided for in this Article IIIII.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sealy Corp)

Shares of Dissenting Stockholders. (a) Notwithstanding anything in this Agreement to the contrary, any shares of Company Common NetGen Stock that are issued and outstanding as of the Effective Time and that are held by a holder who has not voted in favor of the Merger or consented thereto in writing and who has properly exercised his or her such holder’s appraisal rights (the "Dissenting Shares") under the DGCL, DGCL shall not be converted into the right to receive the Merger Considerationconsideration provided for in this Article II, unless and until such holder shall have failed to perfect, or shall have effectively withdrawn or lost, his or her right to dissent from the Merger under the DGCL and to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to and subject to the requirements of the DGCL. If, after the Effective Time, If any such holder shall have so failed to perfect or shall have effectively withdrawn or lost such right, each share of such holder's Company Common ’s NetGen Stock shall thereupon be deemed to have been converted into and to have become, as of the Effective Time, the right to receive, without any interest or dividends thereon, the consideration provided for in this Article II.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netscout Systems Inc)

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