Common use of Transfer Books; No Further Ownership Rights in Company Stock Clause in Contracts

Transfer Books; No Further Ownership Rights in Company Stock. At the Effective Time: (i) all shares of Company Capital Stock outstanding immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to exist, and all holders of Certificates representing shares of Company Capital Stock that were outstanding immediately prior to the Effective Time shall cease to have any rights as stockholders of the Company, except the right to receive the Per Share Amount with respect to each share of Company Common Stock evidenced by such Certificate upon surrender thereof in accordance with Section 2.3(b); and (ii) the stock transfer books of the Company shall be closed and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Capital Stock that were outstanding immediately prior to the Effective Time. All cash paid upon the surrender of Certificates in accordance with the terms of this Article 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Company Capital Stock previously represented by such Certificates. Subject to Section 2.3(e), if, at any time after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vitria Technology Inc), Agreement and Plan of Merger (Blue Martini Software Inc)

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Transfer Books; No Further Ownership Rights in Company Stock. At the Effective Time: (i) all shares of Company Capital Stock outstanding immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to exist, and all holders of Certificates representing shares of Company Capital Stock that were outstanding immediately prior to the Effective Time shall cease to have any rights as stockholders of the Company, except the right to receive the Per Share Amount applicable Merger Consideration with respect to each share of Company Common Capital Stock evidenced by such Certificate upon surrender thereof in accordance with Section 2.3(b1.6(b); and (ii) the stock transfer books of the Company shall be closed Certain portions of this Exhibit have been omitted pursuant to a request for confidentiality. Such omitted portions, which are marked with brackets [ ] and an asterisk*, have been separately filed with the Commission. and there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Capital Stock that were outstanding immediately prior to the Effective Time. All cash paid upon the surrender of Certificates in accordance with the terms of this Article 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Company Capital Stock previously represented by such Certificates. Subject to Section 2.3(e), if, at any time after the Effective Time, Certificates are presented to the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Acorda Therapeutics Inc)

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Transfer Books; No Further Ownership Rights in Company Stock. At the Effective Time: (i) all The Initial Merger Consideration paid in respect of shares of Company Capital Stock outstanding immediately prior (together with the contingent right to receive, if when, and to the Effective Time shall automatically be canceled and retired and shall cease to existextent payable, and all holders the Released Escrow Amount) upon the surrender for exchange of Certificates representing in accordance with the terms of this Article II shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Company Capital Stock that were outstanding immediately prior to previously represented by such Certificates, and at the close of business on the day on which the Effective Time shall cease to have any rights as stockholders of the Companyoccurs, except the right to receive the Per Share Amount with respect to each share of Company Common Stock evidenced by such Certificate upon surrender thereof in accordance with Section 2.3(b); and (ii) the stock transfer books of the Company shall be closed and thereafter there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Capital Stock that were outstanding immediately prior to the Effective Time. All cash paid upon From and after the surrender Effective Time, the holders of Certificates in accordance with the terms that evidenced ownership of this Article 2 shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Company Capital Stock previously represented outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Company Capital Stock, except as otherwise provided for herein or by such Certificatesapplicable Laws. Subject to the last sentence of Section 2.3(e2.6(f), if, at any time after the Effective Time, Certificates are presented to Parent or the Surviving Corporation or the Paying Agent for any reason, they shall be canceled and exchanged as provided in this Article 2II.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PAETEC iTel, L.L.C.)

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