Common use of Dissenting Shares Clause in Contracts

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Welsbach Technology Metals Acquisition Corp.), Agreement and Plan of Merger (Khosla Ventures Acquisition Co. II), Agreement and Plan of Merger (CITIC Capital Acquisition Corp.)

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Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarycontrary and to the extent provided under the DGCL, shares of Company Common Stock issued and any Shares outstanding immediately prior to the Effective Time and that are held by a holder who any stockholder that has not neither voted in favor of the adoption of this Agreement or nor consented thereto in writing and who is entitled to demand that has demanded properly in writing appraisal for such Shares and has otherwise properly exercised appraisal perfected and not withdrawn or lost such stockholder’s rights of such shares in accordance with Section 262 of the DGCL (each such shares of Company Common Stock being referred to collectively as stockholder a “Dissenting Stockholder,” and such Shares the “Dissenting Shares” until ”) will not be converted into, or represent the right to receive, the Merger Consideration. Such Dissenting Stockholders will be entitled to receive payment of the appraised value of Dissenting Shares held by them in accordance with the provisions of such time as such holder fails Section 262, except that all Dissenting Shares held by stockholders who have failed to perfect or otherwise waives, withdraws, who effectively have withdrawn or loses such holder’s appraisal lost their rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal of such Dissenting Shares pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled DGCL will thereupon be deemed to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had have been converted as of the Effective Time into into, and represent the right to receive receive, the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such sharesthe manner provided in this Article II and will no longer be Dissenting Shares. The Company shall provide Acquiror will give Parent prompt written notice of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law received by the Company relating to stockholders’ rights of appraisal. The Company will give Parent the opportunity to participate in and direct all negotiations and proceedings with respect to demands for appraisal of shares of appraisal. The Company Common Stockwill not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect toto any demands for appraisal of Dissenting Shares, or settle, or offer to settle, settle or settle any such demands or approve any withdrawal or other treatment of any such demands.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (AMICAS, Inc.), Agreement and Plan of Merger (Emageon Inc), Agreement and Plan of Merger (Emageon Inc)

Dissenting Shares. Notwithstanding any other provision of this Agreement to the contrary, shares of Company Common Stock issued and that are outstanding immediately prior to the Effective Time and which are held by a holder stockholders who has shall have not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is shall have properly demanded and are entitled to demand and has properly exercised appraisal rights of for such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as collectively, the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or represent the right to receive a portion of the Aggregate Per Share Common Stock Merger ConsiderationConsideration (and, but if any, the Post-Closing Payments). Such stockholders instead shall be entitled to only such rights as are granted by Section 262 receive payment of the DGCL; provided, however, that if, after appraised value of such shares of Common Stock held by them in accordance with the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to provisions of Section 262 of the DGCL, except that all Dissenting Shares held by stockholders who shall have failed to perfect or if a court of competent jurisdiction who effectively shall determine that such holder is have withdrawn or otherwise are not entitled to the relief provided by appraisal of such shares of Common Stock under such Section 262 of the DGCL, such shares of Company Common Stock DGCL shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable, as of the Effective Time into Time, for the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without any interest thereon, the appropriate Per Share Common Stock Merger Consideration (and, if any, the Post-Closing Payments) upon transfer surrender in the manner provided in Section 2.10, of the Certificate or Certificates that, immediately prior to the Effective Time, evidenced such sharesshares of Common Stock. The Company and the Representative shall provide Acquiror (i) give Parent prompt written notice of any notice or demand for appraisal or payment for shares of Common Stock or any withdrawals of such demands received by the Company for appraisal of shares of Company Common Stockor the Representative, any waiver or withdrawal of (ii) give Parent the opportunity to participate in and direct all negotiations and proceedings with respect to any such demanddemands and (iii) not, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, settle or otherwise negotiate any such demands.

Appears in 5 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger, Agreement and Plan of Merger

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 3, shares of Company Common Stock CPHR common stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares of CPHR common stock in accordance with Section 262 Part 2 of Article 113 of the DGCL CBCA (such shares of Company Common Stock being referred to collectively as the “Dissenting SharesDISSENTING SHARES” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL CBCA with respect to such shares) shall not be converted into a right to receive a portion shares of the Aggregate Merger ConsiderationCanna Delaware Common Stock, but instead shall be entitled to only such rights as are granted by Section 262 0-000-000 of the DGCLCBCA; providedPROVIDED, howeverHOWEVER, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 0-000-000 of the DGCL, CBCA or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 0-000-000 of the DGCLCBCA, such shares of Company Common Stock CPHR common stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration Canna Delaware Common Stock in accordance with Section 3.1 3, without interest thereon, upon transfer surrender of such sharescertificates formerly representing such shares pursuant to Section 3 of this Agreement. The Company CPHR shall provide Acquiror Canna Delaware prompt written notice of any demands received by the Company CPHR for appraisal of shares of Company Common StockCPHR common shares, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company CPHR prior to the Effective Time pursuant to the CBCA that relates to such demand, and Canna Delaware shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedCanna Delaware, withheld, delayed or denied), the Company CPHR shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 4 contracts

Samples: And Restated Agreement and Plan of Merger (Smeeding James E), And Restated Agreement and Plan of Merger (Sherwood Mathew D), Agreement and Plan of Merger (Cannapharmarx, Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares with respect to each share of Company Common Stock issued and outstanding immediately prior as to which the Effective Time and held by a holder who has not voted in favor thereof shall have properly complied with the provisions of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL as to appraisal rights (such shares of Company Common Stock being referred to collectively as the each, a “Dissenting Shares” until such time as Share”), if any, such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted payment, solely from the Surviving Corporation, of the appraisal value of the Dissenting Shares to the extent permitted by and in accordance with the provisions of Section 262 of the DGCL; provided, however, that if, after if any holder of Dissenting Shares (a) affirmatively withdraws his demand for appraisal of such Dissenting Shares under the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of circumstances permitted by and in accordance with the DGCL, (b) fails to establish his entitlement to appraisal rights as provided in the DGCL or if a court (c) takes or fails to take any action the consequence of competent jurisdiction shall determine which is that such holder is not entitled to the relief provided by Section 262 of payment for his shares under the DGCL, such holder or holders (as the case may be) shall forfeit the right to appraisal of such shares of Company Common Stock and such shares of Company Common Stock shall thereupon cease to constitute Dissenting Shares and if such forfeiture shall occur following the Effective Time, each such share of Company Common Stock shall thereafter be treated as if they had deemed to have been converted into and to have become, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without interest thereon, upon transfer of such sharesthe Merger Consideration. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockStock or any written threats thereof, any waiver written withdrawal or purported withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time that relates to such demand, and Parent shall have the right to participate in and direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the The Company shall not settle, make any payment payments with respect to, or settle, or offer to settle, approve the withdrawal of any such demandsclaim or agree to any of the foregoing with respect to Dissenting Shares, in each case, without the written consent of Parent.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Occidental Petroleum Corp /De/), Agreement and Plan of Merger (Anadarko Petroleum Corp), Agreement and Plan of Merger (Anadarko Petroleum Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 3.2 hereof, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Shares shall not be converted into a the right to receive a portion of the Aggregate Merger Consideration, but instead . The holders thereof shall be entitled only to only such rights as are granted by Section 262 of the DGCL. Each holder of Dissenting Shares who becomes entitled to payment for such shares pursuant to Section 262 of the DGCL shall receive payment therefor from the Surviving Corporation in accordance with the DGCL; provided, however, that if, after the Effective Time, (i) if any such holder fails of Dissenting Shares shall have failed to perfectestablish his entitlement to appraisal rights as provided in Section 262 of the DGCL, waives, withdraws, (ii) if any such holder of Dissenting Shares shall have effectively withdrawn his demand for appraisal of such shares or loses such holder’s lost his right to appraisal pursuant to and payment for his shares under Section 262 of the DGCL, or (iii) if neither any holder of Dissenting Shares nor the Surviving Corporation shall have filed a court petition demanding a determination of competent jurisdiction shall determine that such holder is not entitled to the relief value of all Dissenting Shares within the time provided by in Section 262 of the DGCL, such holder shall forfeit the right to appraisal of such shares of Company Common Stock and each such share shall be treated as if they it had been converted as of the Effective Time Time, into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without interest thereon, upon transfer of such sharesfrom the Surviving Corporation as provided in Section 3.2 hereof. The Company shall provide Acquiror give Mergerco prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demandshares, and any other demand, notice, or instrument delivered Mergerco shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedMergerco, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (American Real Estate Partners L P), Agreement and Plan of Merger (Stratosphere Corp), Agreement and Plan of Merger (Stratosphere Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 3.03, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock canceled in accordance with Section 3.03(b)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL Delaware Law (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect perfect, withdraws or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL Delaware Law with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, Consideration but instead shall be entitled to only payment of the appraised value of such rights as are granted by shares in accordance with Section 262 of the DGCLDelaware Law; provided, however, provided that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal appraisal, pursuant to Section 262 of the DGCL, Delaware Law or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLDelaware Law, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.03(a), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesUncertificated Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to Delaware Law that relates to such demand, and Parent shall have the opportunity and right to participate in all negotiations and Proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Opower, Inc.), Agreement and Plan of Merger (Textura Corp), Agreement and Plan of Merger (Responsys Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the First Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with with, and has complied in all respects with, Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to validly perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Closing Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCLDGCL and shall not be entitled to exercise any voting rights or other rights of a stockholder of the Surviving Corporation; provided, however, that if, after the First Effective Time, such holder fails to validly perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, DGCL such shares of Company Common Stock shall be treated as if they had been converted as of the First Effective Time into the right to receive the Aggregate Closing Merger Consideration in accordance with Section 3.1 3.02 without interest thereon, upon transfer delivery of such sharesa duly completed and validly executed Letter of Transmittal and the surrender of the Certificates in accordance with Section 3.03(c) or delivery of a lost certificate affidavit. The Company shall provide Acquiror prompt written notice of any written demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the First Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (KORE Group Holdings, Inc.), Agreement and Plan of Merger (KORE Group Holdings, Inc.), Agreement and Plan of Merger (Cerberus Telecom Acquisition Corp.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, to the extent (if at all) that holders of Company Common Stock are entitled to appraisal rights under Section 262 of the DGCL, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected his or her demand for appraisal rights of such shares in accordance with under Section 262 of the DGCL or any successor provision (such shares of Company Common Stock being referred to collectively as the "Dissenting Shares” until such time as such holder fails to perfect or otherwise waives"), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall will not be converted into a the right to receive a portion of the Aggregate Merger Consideration, but instead shall the holders of Dissenting Shares will be entitled to only receive from the Company such rights consideration as are granted by will be determined pursuant to Section 262 of the DGCL; provided, however, that if, after the Effective Time, if any such holder fails will have failed to perfect, waives, withdraws, perfect or loses such holder’s will effectively withdraw or lose his or her right to appraisal pursuant to Section 262 of and payment under the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares each share of Company Common Stock shall held by such holder will thereupon be treated as if they had deemed to have been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer the surrender of the Certificate representing such sharesshare of Company Common Stock pursuant to Section 3.4, and such shares will not be deemed to be Dissenting Shares. The Company shall provide Acquiror will give Mergerco (i) prompt written notice of any written notices or demands for appraisal of Company Common Stock received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of and (ii) the opportunity to participate and direct all negotiations and proceedings with respect to any such demanddemands or notices. The Company will not, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedMergerco, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, or otherwise negotiate any such demands.

Appears in 3 contracts

Samples: Ii Agreement and Plan of Merger (Media Arts Group Inc), Ii Agreement and Plan of Merger (Media Arts Group Inc), Agreement and Plan of Merger (Boyd Bros Transportation Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive their pro rata portion of the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror OmniLit prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror OmniLit (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (OmniLit Acquisition Corp.), Agreement and Plan of Merger (OmniLit Acquisition Corp.), Agreement and Plan of Merger (OmniLit Acquisition Corp.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate aggregate Merger Consideration in accordance with Section 3.1 2.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror Parent (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (BCTG Acquisition Corp.), Agreement and Plan of Merger (Mountain Crest Acquisition Corp II), Agreement and Plan of Merger (Rodgers Silicon Valley Acquisition Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares with respect to each share of Company Common Stock issued and outstanding immediately prior as to which the Effective Time and held by a holder who has not voted in favor thereof shall have properly complied with the provisions of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL as to appraisal rights (such shares of Company Common Stock being referred to collectively as the each, a “Dissenting Shares” until Share”), if any, such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall share will not be converted into a into, or represent the right to receive a portion of receive, the Aggregate Merger Consideration, but instead . Such holder shall be entitled to only such rights as are granted payment, solely from the Surviving Corporation, of the appraisal value of the Dissenting Shares to the extent permitted by and in accordance with the provisions of Section 262 of the DGCL; provided, however, that if(i) if any holder of Dissenting Shares, after under the Effective Timecircumstances permitted by and in accordance with the DGCL, affirmatively withdraws his demand for appraisal of such holder fails to perfect, waives, withdraws, Dissenting Shares or loses such holder’s lost his right to appraisal pursuant to and payment for his shares of Company Common Stock under Section 262 of the DGCL, (ii) if any holder of Dissenting Shares fails to establish his entitlement to appraisal rights as provided in the DGCL or (iii) if a court any holder of competent jurisdiction shall determine Dissenting Shares takes or fails to take any action the consequence of which is that such holder is not entitled to the relief provided by Section 262 of payment for his shares under the DGCL, such holder or holders (as the case may be) shall forfeit the right to appraisal of such shares of Company Common Stock, and such shares of Company Common Stock shall thereupon cease to constitute Dissenting Shares, and each such share of Company Common Stock shall thereafter be treated as if they had deemed to have been converted into and to have become, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without interest thereon, upon transfer of such sharesthe Merger Consideration. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered Parent shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the The Company shall not settle, make any payment payments with respect to, or settle, or offer to settle, any such demandsclaim with respect to Dissenting Shares without the written consent of Parent.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Petrohawk Energy Corp), Agreement and Plan of Merger (KCS Energy Inc), Agreement and Plan of Merger (Petrohawk Energy Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 4.01(a), shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 4.01(a)(i)) and held by a record holder or beneficial owner who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is statutorily entitled to demand and has properly exercised exercise appraisal rights of such shares in accordance and who duly complies with Section 262 all provisions of the DGCL PBCL concerning the right of holders of Common Stock to dissent from the Merger and seek appraisal of their shares (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal dissenters rights under the DGCL PBCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 Subchapter D of Chapter 15 of the DGCLPBCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal dissenters pursuant to Section 262 Subchapter D of Chapter 15 of the DGCL, PBCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 Subchapter D of Chapter 15 of the DGCLPBCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 4.01(a)(ii), without interest thereon, upon transfer surrender of such sharesCertificate formerly representing such share. Notwithstanding anything to the contrary contained in Section 4.01(a)(ii), if the Merger is rescinded or abandoned prior to the Effective Time, then the right of any shareholder to be paid the fair value of such shareholder’s Dissenting Shares pursuant to Subchapter D of Chapter 15 of the PBCL shall cease. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the PBCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Campbell Thomas J), Agreement and Plan of Merger (Michael Baker Corp), Agreement and Plan of Merger (Michael Baker Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 2.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 2.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with NRSC Section 262 92A.300 of the DGCL NRSC (such shares of Company Common Stock being referred to collectively as the "Dissenting Shares" until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s 's appraisal rights under the DGCL NRSC with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by NRSC Section 262 92A.300 of the DGCLNRSC; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s 's right to appraisal pursuant to NRSC Section 262 of 92A.480of the DGCL, NRSC or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by NRSC Section 262 92A.480 of the DGCLNRSC, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the NRSC that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Nitro Petroleum Inc.), Agreement and Plan of Merger (Core Resource Management, Inc.), Agreement and Plan of Merger (Core Resource Management, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Capital Stock issued and outstanding immediately prior to the Effective Time (other than Treasury Shares) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and demanded appraisal rights of such shares pursuant to, and complies in accordance all respects with Section 262 of the DGCL (such shares of Company Common Capital Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Capital Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Capital Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Inpixon), Agreement and Plan of Merger (KINS Technology Group, Inc.), Registration Rights Agreement (Broadscale Acquisition Corp.)

Dissenting Shares. (a) Notwithstanding any other provision of this Agreement to the contrary, shares of Company Common Stock issued and any Share that is outstanding immediately prior to the Effective Time and that is held by a holder Stockholder who has shall have not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has shall have properly exercised demanded appraisal rights of for such shares Share in accordance with the terms and conditions of Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as collectively, the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or represent the right to receive a the applicable portion of the Aggregate Merger Consideration, but . Such Stockholder shall instead shall be entitled to only such rights as are granted by Section 262 receive payment of the DGCL; provided, however, that if, after appraised value of such Share in accordance with the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to provisions of Section 262 of the DGCL, except that any Dissenting Share held by a Stockholder who shall have failed to perfect or if a court who effectively shall have withdrawn or otherwise lost his, her or its rights to appraisal of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Share under Section 262 of the DGCL, such shares of Company Common Stock DGCL shall thereupon be treated as if they had deemed to have been converted into and to have become exchangeable, as of the Effective Time into Time, for the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without any interest thereon, upon transfer the applicable portion of such sharesthe Merger Consideration. The Company shall provide Acquiror give Buyer prompt written notice of any demands received by the Company for appraisal of shares Shares and attempted withdrawals of Company Common Stock, any waiver or withdrawal of any such demanddemands, and any other demand, notice, instruments or instrument delivered documents served pursuant to the DGCL and received by the Company with respect to such demands, and the Company shall give Buyer the opportunity to direct all negotiations and proceedings which take place prior to the Effective Time that relates with respect to such demanddemands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Buyer, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands. Any amount deposited with the Paying Agent with respect to Shares that become Dissenting Shares shall be used to pay the amount payable to such Dissenting Shares upon the determination of such amount by a court of competent jurisdiction pursuant to Section 262 of the DGCL.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Majesco), Agreement and Plan of Merger (Majesco), Agreement and Plan of Merger (InsPro Technologies Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 3.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than Cancelled Shares) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand, and Parent and US Holdco shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent and US Holdco, the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (PRA Health Sciences, Inc.), Agreement and Plan of Merger (Icon PLC), Agreement and Plan of Merger (Icon PLC)

Dissenting Shares. Notwithstanding any provision of this ----------------- Agreement to the contrary, if and to the extent required by the DGCL, shares of Company Common Stock which are issued and outstanding immediately prior to the Effective Time and which are held by a holder holders of such shares of Company Common Stock who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has have properly exercised appraisal rights of such shares with respect thereto (the "Dissenting Common Stock") in accordance with Section 262 of the DGCL (DGCL, shall not be exchangeable for the right to receive the Merger Consideration, and holders of such shares of Company Dissenting Common Stock being referred shall be entitled to collectively as receive payment of the appraised value of such shares of Dissenting Shares” Common Stock in accordance with the provisions of Section 262 of the DGCL unless and until such time as holders fail to perfect or effectively withdraw or otherwise lose their rights to appraisal and payment under the DGCL. If, after the Effective Time, any such holder fails to perfect or otherwise waives, withdraws, effectively withdraws or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLright, such shares of Company Dissenting Common Stock shall thereupon be treated as if they had been converted as of into and to have become exchangeable for, at the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon. Notwithstanding anything to the contrary contained in this Section 2.3, upon transfer if this Agreement is terminated prior to the Effective Time, then the right of any stockholder to be paid the fair value of such sharesstockholder's Dissenting Common Stock pursuant to Section 262 of the DGCL shall cease. The Company shall provide Acquiror give Parent (i) prompt written notice of any demands received by the Company for appraisal appraisals of, or payment of the fair value for, shares of Company Dissenting Common Stock, any waiver or withdrawal withdrawals of any such demanddemands, and any other demand, notice, or instrument delivered instruments served pursuant to the DGCL received by the Company, and (ii) the opportunity to direct all negotiations and proceedings with respect to demands for appraisal under the DGCL. The Company prior to the Effective Time that relates to such demand. Except shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, to any demands for appraisals or offer to settle, settle or settle any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Emusic Com Inc), Agreement and Plan of Merger (Universal Music Group Inc), Agreement and Plan of Merger (Emusic Com Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 2.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 2.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Kindred Healthcare, Inc), Agreement and Plan of Merger (Access to Money, Inc.), Agreement and Plan of Merger (Cardtronics Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock Shares and Preferred Shares that are issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised stockholders exercising appraisal rights available under Section 262 of the DGCL (the “Dissenting Shares”) shall not be converted into or be exchangeable for the right to receive the Merger Consideration or the Preferred Merger Consideration, unless and until such shares holders shall have failed to perfect or shall have effectively withdrawn or lost their rights to appraisal under the DGCL. Dissenting Shares shall be treated in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as DGCL. If any such holder fails shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right to appraisal, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Shares and Preferred Shares shall not thereupon be converted into a and become exchangeable only for the right to receive a portion receive, as of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, the Merger Consideration or the Preferred Merger Consideration with respect to each such holder fails Share or Preferred Share, subject to perfectany applicable withholding tax specified in Section 2.03(e). The Company shall give Parent (i) prompt notice of any written demands for appraisal of any Shares or Preferred Shares, waives, withdraws, or loses attempted withdrawals of such holder’s right to appraisal demands and any other instruments served pursuant to the DGCL and received by the Company relating to rights to be paid the “fair value” of Dissenting Shares, as provided in Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled and (ii) the opportunity to the relief provided by Section 262 of direct all negotiations and proceedings with respect to demands for appraisal under the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stocknot, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect toto any demands for appraisals of capital stock of the Company, or settle, or offer to settle, settle or settle any demands or approve any withdrawal of any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Fremont Partners Lp), Agreement and Plan of Merger (Juno Lighting Inc), Agreement and Plan of Merger (Square D Co)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 2.02, shares of Company Common Stock or Company Preferred Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a holder stockholders who has have not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is are entitled to demand and has have properly exercised exercised, perfected and demanded their appraisal rights of such shares in accordance with Section 262 of the DGCL Delaware Law (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be canceled and converted into a the right to receive a portion of the Aggregate Merger Per Share Common Stock Consideration, but instead Per Share Series B Consideration or Per Share Series C Consideration, as applicable, and the holders thereof shall be entitled to only such rights as are granted by Section 262 of the DGCLDelaware Law; provided, however, that if, after the Effective Time, any such holder fails to perfectperfect or effectively withdraws or otherwise loses the right to appraisal, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock or Company Preferred Stock, as applicable, shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Per Share Common Stock Consideration, Per Share Series B Consideration in accordance with Section 3.1 or Per Share Series C Consideration, as applicable, without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockCapital Stock received by the Company, any waiver or withdrawal attempted withdrawals of any such demand, demands and any other demand, notice, or instrument delivered instruments served pursuant to the Delaware Law and received by the Company prior relating to rights to be paid the Effective Time that relates “fair value” of Dissenting Shares, as provided in Section 262 of the Delaware Law and (ii) the opportunity to such demandparticipate in and direct all negotiations and proceedings with respect to demands for appraisal under Delaware Law. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not (x) make any payment or other commitment with respect toto any such exercise of appraisal rights, or settle, or (y) offer to settle, settle or settle any such rights or approve any withdrawal of any such demands, or (z) waive any failure to timely deliver a written demand for appraisal or timely take any other action to perfect appraisal rights in accordance with Delaware Law.

Appears in 3 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Palm Inc), Agreement and Plan of Merger (Hewlett Packard Co)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares Each outstanding share of Company Common Stock issued and outstanding immediately prior as to the Effective Time and held by which a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who written demand for appraisal is entitled to demand and has properly exercised appraisal rights of such shares filed in accordance with Section 262 of the DGCL (and not withdrawn, and with respect to which a consent is not given in favor of the Company Merger shall not be converted into or represent a right to receive the Per Share Merger Consideration unless and until the holder thereof shall have failed to perfect, or shall have effectively withdrawn or lost, the right to appraisal of and payment for each such share of Company Common Stock under Section 262, at which time each such share shall be converted into the right to receive the Per Share Merger Consideration. All such shares of Company Common Stock being as to which such a written demand for appraisal is so filed and not withdrawn and with respect to which a consent is not given in favor of the Company Merger, except any such shares of Company Common Stock the holder of which, prior to the Company Effective Time, shall have effectively withdrawn or lost such right to appraisal and payment for such shares of Company Common Stock under Section 262, are herein referred to collectively as the “"Dissenting Shares” until ." The Company shall give Laser prompt notice upon receipt by the Company of any written demands for appraisal rights, withdrawal of such time as such holder fails demands, and any other written communications delivered to perfect or otherwise waivesthe Company pursuant to Section 262, withdrawsand the Company shall give Laser the opportunity, or loses such holder’s appraisal rights under to the DGCL extent permitted by Law, to participate in all negotiations and proceedings with respect to such shares) demands. Except with the prior written consent of Laser, the Company shall not be converted into a right voluntarily make any payment with respect to receive a portion any demands for appraisal rights and shall not settle or offer to settle any such demands. Each holder of Dissenting Shares who becomes entitled, pursuant to the Aggregate Merger Considerationprovisions of Section 262, but instead shall be entitled to only payment for such rights as are granted by shares of Dissenting Shares under the provisions of Section 262 of shall receive payment therefor from the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, Surviving Corporation and such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demandscancelled thereafter.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Coleman Worldwide Corp), Agreement and Plan of Merger (Coleman Co Inc), Agreement and Plan of Merger (CLN Holdings Inc)

Dissenting Shares. Notwithstanding any provision For purposes of this Agreement, “Dissenting Shares” means Seller Common Shares held as of the Effective Time by a stockholder of Seller who has not voted such Seller Common Shares in favor of the approval and adoption of this Agreement and the Merger and with respect to which appraisal shall have been duly demanded and perfected in accordance with applicable law and not effectively withdrawn or forfeited prior to the contraryEffective Time. Dissenting Shares shall not be converted into or represent the right to receive the Merger Consideration, shares unless such stockholder of Company Seller shall have forfeited his, her or its right to appraisal under applicable law or properly withdrawn, his, her or its demand for appraisal. If such dissenting stockholder has so forfeited or withdrawn his, her or its right to appraisal of Dissenting Shares, then (i) as of the occurrence of such event, such holder’s Dissenting Shares shall cease to be Dissenting Shares and shall be converted into and represent the right to receive the Merger Consideration in respect of such Seller Common Stock issued Shares pursuant to Section 4.1. The Seller shall give the Buyer (i) prompt notice of any written demands for appraisal of any Seller Common Shares, withdrawals of such demands, and outstanding immediately any other instruments that relate to such demands received by the Seller and (ii) the opportunity, prior to the Effective Time to participate at its own expense, and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails direct all negotiations and proceedings with respect to perfect, waives, withdraws, or loses such holder’s right to demands for appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such sharesunder applicable law. The Company Seller shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stocknot, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror the Buyer (which consent shall will not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, to any demands for appraisal of Seller Common Shares or offer to settle, settle or settle any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Great Hill Partners LLC), Agreement and Plan of Merger (Ign Entertainment Inc), Agreement and Plan of Merger (Ign Entertainment Inc)

Dissenting Shares. Notwithstanding any provision of Anything in this Agreement to the contrarycontrary notwithstanding, shares each share of Company Common Stock issued and or Company Class B Preferred Stock outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised demanded appraisal rights for such share of such shares Company Common Stock or Company Class B Preferred Stock in accordance with Section 262 of the DGCL, if such Section 262 of the DGCL (provides for appraisal rights for such shares of Company Common Stock being referred or Company Class B Preferred Stock in the Merger ("Dissenting Shares"), shall not: (a) in the case of the Company Common Stock, be converted into or be exchangeable for the right to collectively receive the Merger Consideration; or (b) in the case of the Company Class B Preferred Stock, remain issued and outstanding following the Merger, unless and until such holder of Company Common Stock or Company Class B Preferred Stock, as the “Dissenting Shares” until such time as case may be, fails to perfect or withdraws or otherwise loses his right to appraisal and payment under the DGCL. If, after the Effective Time, any such holder fails to perfect or otherwise waives, withdraws, withdraws or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a his right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Timeappraisal, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of Dissenting Shares shall: (a) in the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares case of Company Common Stock shall Stock, thereupon be treated as if they such shares had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, if any, to which such holder is entitled, without interest or dividends thereon; and (b) in the case of Company Class B Preferred Stock, upon transfer of such sharesremain issued and outstanding and unaffected by the Merger. The Company shall provide Acquiror give Parent (a) prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock or Company Class B Preferred Stock, any waiver or withdrawal attempted written withdrawals of any such demanddemands, and any other demand, notice, or instrument delivered instruments served pursuant to the DGCL and received by the Company prior relating to stockholders' rights to appraisal with respect to the Effective Time that relates Merger; and (b) the opportunity to direct all negotiations and proceedings with respect to any exercise of such demandappraisal rights under the DGCL. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect toto any demands for payment of fair value for capital stock of the Company, or settle, or offer to settle, settle or settle any such demands or approve any withdrawal of any such demands.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Savia Sa De Cv), Agreement and Plan of Merger (Seminis Inc), Agreement and Plan of Merger (Seminis Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, in the event that the applicable requirements of Section 1300(b) of the CGCL have been satisfied, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder shareholder (the “Dissenting Shareholders”) who has (a) voted such shareholder’s shares of Company Common Stock against the Merger (or did not voted in favor of adoption of this Agreement or consented consent thereto in writing and who writing, if approval the Merger is obtained by written consent), (b) is entitled to demand and has properly exercised appraisal rights of demand that the Company purchase such shares at their fair market value in accordance with Section 262 1301 of the DGCL CGCL, (c) has submitted such shares for endorsement in accordance with Section 1302 of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails CGCL and (d) has not otherwise failed to perfect or otherwise waives, withdraws, effectively withdrawn or loses lost such holder’s appraisal rights under right to require the DGCL with respect Company to so purchase such shares) , shall not be converted into a or be exchangeable for the right to receive a portion of the Aggregate Merger ConsiderationConsideration (the “Dissenting Shares”), but instead such Dissenting Shareholder shall be entitled to only such rights have the Dissenting Shares purchased by the Company for cash at the fair market value thereof as are granted by Section 262 agreed upon or determined in accordance with the provisions of Chapter 13 of the DGCL; provided, however, that if, after CGCL (and at the Effective Time, such holder fails Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to perfectexist, waivesand such Dissenting Shareholder shall cease to have any rights with respect thereto, withdrawsexcept the right to have the Dissenting Shares purchased by the Company in accordance with the provisions of Chapter 13 of the CGCL), unless and until such Dissenting Shareholder shall have failed to perfect or loses shall have effectively withdrawn or lost such right to require the Company to so purchase the Dissenting Shares. If any Dissenting Shareholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration for each such share of Company Common Stock, in accordance with Section 3.1 3.1(b), without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any written demands for pursuant to Chapter 13 of the CGCL, attempted withdrawals of such demands and any other instruments served pursuant to Chapter 13 of the CGCL and received by the Company for appraisal of relating to a shareholder’s demand that the Company purchase shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered (ii) the opportunity to the Company prior to the Effective Time that relates direct all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, or settle, or offer or agree to settle, any such demandsdemand for purchase and payment.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (American Medical Systems Holdings Inc), Agreement and Plan of Merger (American Medical Systems Holdings Inc), Agreement and Plan of Merger (Laserscope)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 4.1, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock cancelled in accordance with Section 3.1(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected appraisal rights of such shares Company Shares in accordance with Section 262 Sections 92A.300 through 92A.500, inclusive, of the DGCL Nevada Merger Act (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL Nevada Merger Act with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationConsideration Shares, but instead shall be entitled to only such rights as are granted by Section 262 Sections 92A.300 through 92A.500, inclusive, of the DGCLNevada Merger Act; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 Sections 92A.300 through 92A.500 of the DGCLNevada Merger Act, inclusive, of the Nevada Merger Act or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 Sections 92A.300 through 92A.500, inclusive, of the DGCLNevada Merger Act, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate portion of the Merger Consideration Shares to which such holder is entitled pursuant to the applicable subsections of Section 3.1, without interest thereon upon surrender of the Company Stock Certificate or Company Stock Certificates representing such Dissenting Shares in accordance with Section 3.1 without interest thereon, upon transfer of such shares3.3. The Company shall promptly provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the Nevada Merger Act that relates to such demand. Except with , and Parent shall have the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment opportunity to participate in all negotiations and proceedings with respect to, or settle, or offer to settle, any such demands.

Appears in 3 contracts

Samples: Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, in the event that the applicable requirements of Section 1300(b) of the CGCL have been satisfied, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and shareholder who is entitled to demand and has properly exercised appraisal rights of demands that the Company purchase such shares in accordance with Section 262 the provisions of Chapter 13 of the DGCL CGCL (such shares of Company Common Stock being referred to collectively as the each, a “Dissenting Shares” until such time as such holder fails to perfect or otherwise waivesShareholder”), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or be exchangeable for the right to receive a portion of the Aggregate Merger ConsiderationConsideration (the “Dissenting Shares”), but instead such Dissenting Shareholder shall be entitled to only such rights have the Dissenting Shares purchased by the Company for cash at the fair market value thereof as are granted by Section 262 agreed upon or determined in accordance with the provisions of Chapter 13 of the DGCL; provided, however, that if, after CGCL. At the Effective Time, such holder fails Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to perfectexist, waivesand such Dissenting Shareholder shall cease to have any rights with respect thereto, withdrawsexcept the right to have the Dissenting Shares purchased by the Company in accordance with the provisions of Chapter 13 of the CGCL, unless and until such Dissenting Shareholder shall have failed to perfect or loses shall have effectively withdrawn or lost such right to require the Company to so purchase the Dissenting Shares. If any Dissenting Shareholder shall have failed to perfect or shall have effectively withdrawn or lost such right, such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration for each such share of Company Common Stock, in accordance with Section 3.1 Sections 3.1.1 and 3.2, without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any written demands delivered pursuant to Chapter 13 of the CGCL, attempted withdrawals of such demands and any other instruments served pursuant to Chapter 13 of the CGCL and received by the Company for appraisal of relating to a shareholder’s demand that the Company purchase shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered (ii) the opportunity to the Company prior to the Effective Time that relates direct all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer or agree to settle, any such demandsdemand for purchase and payment.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (LKQ Corp), Agreement and Plan of Merger (Keystone Automotive Industries Inc)

Dissenting Shares. (i) The Board of Directors of the Company has adopted a resolution pursuant to Section 1302(c)(2) of the Georgia BCC conferring dissenters' rights with respect to the Company Common Stock in connection with the TBS Merger. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Capital Stock issued and that are outstanding immediately prior to the Effective Time of the Mergers and that are held by a holder any shareholder who has delivered to the Company, prior to the Shareholder Approvals (as defined in Section 3.01(d)), a written notice of such shareholder's intent to demand payment for such holder's shares of Company Capital Stock if the TBS Merger is effected, in accordance with Article 13 of the Georgia BCC, and who shall have not voted such shares in favor of the approval and adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “"Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares") shall not be converted into a the right to receive a portion of the Aggregate Merger ConsiderationHoldco Common Stock as provided in Section 2.02(c), but instead the holders of Dissenting Shares shall be entitled to only such rights as are granted by Section 262 payment of the DGCLfair value of such Dissenting Shares in accordance with the provisions of such Article 13; provided, however, that if, after the Effective Time, if any such holder fails shall fail to perfect, waives, withdraws, perfect or loses such holder’s shall otherwise waive the right to appraisal pursuant to Section 262 demand payment under Article 13 of the DGCL, Georgia BCC or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 such Article 13, then the right of such holder of Dissenting Shares to be paid the DGCL, fair value of such shares of Company Common Stock holder's Dissenting Shares shall cease and such Dissenting Shares shall be treated as if they had been converted as of the Effective Time of the Mergers into the right to receive the Aggregate Merger Consideration shares of Holdco Common Stock as provided in accordance with Section 3.1 2.02(c) and any cash in lieu of fractional shares of Holdco Common Stock as provided in Section 2.03(e), without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Original Agreement (Time Warner Inc), And Restated Agreement and Plan of Merger (Turner Broadcasting System Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company FoxHollow Common Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares of FoxHollow Common Stock who properly exercises appraisal rights with respect thereto in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as shares, the “Dissenting Shares”) shall not be converted into or represent the right to receive the Merger Consideration, and the holder of such Dissenting Shares will be entitled only to receive payment of the appraised value of such shares of FoxHollow Common Stock in accordance with the provisions of such Section 262 unless and until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, effectively withdraws or loses such holder’s right to appraisal pursuant to Section 262 and payment under the DGCL. For purposes of the DGCLcalculations in Section 2.1(b), or if a court all Non-Electing FoxHollow Shares and shares of competent jurisdiction FoxHollow Common Stock that constitute Dissenting Shares immediately prior to the Effective Time shall determine that be deemed to be Mixed Consideration Electing Shares. If, after the Effective Time, any such holder is not entitled fails to the relief provided by Section 262 of the DGCLperfect or effectively withdraws or loses such right, such shares of Company FoxHollow Common Stock shall will thereupon be treated as if they had been converted as of into and to have become exchangeable for, at the Effective Time into Time, the right to receive the Aggregate Merger Consideration payable or issuable in accordance with respect of Mixed Consideration Electing Shares as set forth in Section 3.1 2.1(b), without any interest thereon, upon transfer of such shares. The Company FoxHollow shall provide Acquiror give prompt written notice to ev3 of any demands received by the Company FoxHollow for appraisal appraisals of shares of Company FoxHollow Common Stock, any waiver or withdrawal of any such demand. ev3 shall have the right to control, and any other demandFoxHollow shall have the right to participate in, noticeall negotiations and proceedings with respect to demands for appraisal under the DGCL. FoxHollow shall not, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror ev3 (which consent shall not be unreasonably conditioned, withheld, delayed withheld or denieddelayed), the Company shall not make any payment with respect to, or settle, to any demands for appraisal or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ev3 Inc.), Agreement and Plan of Merger (Foxhollow Technologies, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “each Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Share shall not be converted into or represent a right to receive a portion of the Aggregate Merger Common Stock Per Share Consideration or the Preferred Stock Per Share Consideration, but instead and the holder thereof shall be entitled only to only such those rights as are granted by Section 262 of the DGCL; provided, however, that if. If, after the Effective Time, such a holder fails to perfect, waives, withdraws, or beneficial owner of Dissenting Shares withdraws or effectively loses such holder’s the right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLappraisal, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been deemed to be converted into, as of the Effective Time into Time, the right to receive the Aggregate Merger Common Stock Per Share Consideration in accordance with Section 3.1 or the Preferred Stock Per Share Consideration, as applicable, without interest thereon, upon transfer surrender, in accordance with Section 2.3 of such sharesthe certificates previously constituting Dissenting Shares. The Company shall provide Acquiror give Buyer (i) prompt written notice upon receipt by the Company of any notice of intent to assert the right to appraisal of any demands shares of capital stock of the Company and of withdrawals of any of those notices of intent and any other instruments provided pursuant to the DGCL and received by the Company that relate to any such demand for appraisal of shares of Company Common Stockand (ii) the opportunity to participate, any waiver or withdrawal of any such demandat Buyer’s expense, in all negotiations and any other demand, notice, or instrument delivered proceedings with respect to the exercise of appraisal rights under the DGCL. The Company prior to the Effective Time that relates to such demand. Except shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedBuyer, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, to any exercise of appraisal rights or settle, settle or offer to settle, settle any such demandsdemands for fair value of Dissenting Shares under Section 262 of the DGCL. Any payments made in respect of Dissenting Shares shall be made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Stellent Inc), Agreement and Plan of Merger (Optika Inc)

Dissenting Shares. Notwithstanding any provision If holders of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is Company preferred stock are entitled to demand and has properly exercised appraisal rights of such shares pursuant to Delaware Law in accordance connection with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Merger, any Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall Shares will not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive shares of Parent Common Stock and cash as provided in Section 1.6(a) and cash in lieu of fractional shares of Parent Common Stock to which they are entitled pursuant to Section 1.7(e), but will be converted into the Aggregate Merger Consideration right to receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to Delaware Law. Company will give Parent prompt notice (and in accordance with Section 3.1 without interest thereonany case, upon transfer of such shares. The Company shall provide Acquiror prompt written notice within one business day) of any demands demand received by the Company for appraisal of shares of Company Common Stock, any waiver Stock or withdrawal of any such demandCompany preferred stock, and any other demand, notice, or instrument delivered Parent will have the right to the Company prior to the Effective Time that relates control all negotiations and proceedings with respect to such demand. Except Company agrees that, except with the Parent’s prior written consent of Acquiror (which consent shall consent, it will not be unreasonably conditioned, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, or settle, settle or offer to settle, any such demandsdemand for appraisal. If any Company stockholder fails to make an effective demand for payment or otherwise loses his status as a holder of Dissenting Shares, Parent will, as of the later of the Effective Time or ten business days from the occurrence of such event, issue and deliver, upon surrender by such Company stockholder of its Certificate(s), the cash portion of the consideration, the shares of Parent Common Stock and any cash payment in lieu of fractional shares, in each case without interest thereon, to which such Company stockholder would have been entitled to under Section 1.6(a), subject to the other provisions of this Agreement. “Dissenting Shares” means any shares of Company Common Stock that are outstanding immediately prior to the Effective Time with respect to which dissenters’ rights to obtain payment for such dissenting shares in accordance with Delaware Law have been duly and properly exercised and perfected in connection with the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Interwoven Inc), Agreement and Plan of Merger (Imanage Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and that are held by a any holder who has not voted in favor of adoption of this Agreement or consented thereto in writing the Merger and who is entitled to demand and has properly exercised demands appraisal rights of such shares of Company Common Stock pursuant to Section 262 of the DGCL (“Dissenting Shares”) 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, such holder’s right to appraisal under the DGCL. Dissenting Shares shall be treated in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as DGCL. If any such holder fails to perfect or otherwise waives, withdraws, withdraws or loses any such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion appraisal, each such share of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 Company Common Stock of the DGCL; provided, however, that if, after the Effective Time, such holder fails shall thereupon be deemed to perfectbe Non-Election Shares for all purposes of this Agreement, waives, withdraws, unless such holder of Dissenting Shares shall thereafter otherwise make a timely Election under this Agreement. If any holder of Dissenting Shares shall have so failed to perfect or loses has effectively withdrawn or lost such holder’s right to appraisal pursuant to Section 262 dissent from the Merger after the Election Deadline, each of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such holder’s shares of Company Common Stock shall thereupon be treated as if they had deemed to have been converted into and to have become, as of the Effective Time into Time, the right to receive the Aggregate Merger Stock Consideration or Cash Consideration, or a combination thereof, as determined by Parent in accordance with Section 3.1 without interest thereon, upon transfer of such sharesits sole discretion. The Company shall provide Acquiror serve prompt written notice to Parent of any demands received by the Company for appraisal of any shares of Company Common Stock, any waiver attempted withdrawals of such notices or withdrawal of any such demand, demands and any other demand, notice, or instrument delivered to instruments received by the Company prior relating to rights to appraisal, and Parent shall have the Effective Time that relates right to participate in and direct all negotiations and proceedings with respect to such demanddemands. Except with The Company shall not, without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, or approve any withdrawal of any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Aecom Technology Corp), Agreement and Plan of Merger (Urs Corp /New/)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares with respect to each share of Company Common Stock issued and outstanding immediately prior as to which the Effective Time and held by a holder who has not voted in favor thereof shall have properly complied with the provisions of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL as to appraisal rights (such shares of Company Common Stock being referred to collectively as the each, a “Dissenting Shares” until such time as Share”), if any, such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted payment, solely from the Surviving Corporation, of the appraisal value of the Dissenting Shares to the extent permitted by and in accordance with the provisions of Section 262 of the DGCL; provided, however, that if(a) if any holder of Dissenting Shares, after under the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of circumstances permitted by and in accordance with the DGCL, affirmatively withdraws his, her or its demand for appraisal of such Dissenting Shares, (b) if a court any holder of competent jurisdiction shall determine Dissenting Shares fails to establish his, her or its entitlement to appraisal rights as provided in the DGCL or (c) if any holder of Dissenting Shares takes or fails to take any action the consequence of which is that such holder is not entitled to payment of the relief provided by Section 262 of appraisal value for his, her or its shares under the DGCL, such holder or holders (as the case may be) shall forfeit the right to appraisal of such shares of Company Common Stock and such shares of Company Common Stock shall thereupon cease to constitute Dissenting Shares and such shares of Company Common Stock shall be treated as if they had been deemed converted as of the Effective Time into the right to receive the Aggregate Merger Consideration as provided in accordance with Section 3.1 without interest thereon, upon transfer of such sharesthis Article IV. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered Parent shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror Parent, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not i) voluntarily make any payment with respect toto any demands for appraisal for Dissenting Shares, or settle, or (ii) offer to settle, settle any such demands, (iii) waive any failure to timely deliver a written demand for appraisal in accordance with the DGCL or (iv) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (LVB Acquisition, Inc.), Agreement and Plan of Merger (Zimmer Holdings Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has that have not been voted in favor of for adoption of this Agreement or consented thereto in writing and who is entitled with respect to demand and has properly exercised which appraisal rights of such shares shall have been properly perfected in accordance with Section 262 Sections 85 through 98 of the DGCL MBCL (such shares of the "Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares") shall not be converted into a the right to receive a portion of the Aggregate Merger ConsiderationConsideration in accordance with this Agreement, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, at or after the Effective Time, unless and until the holder of such Company Dissenting Shares withdraws its demand for such appraisal in accordance with the MBCL or becomes ineligible for such appraisal. If a holder fails to perfect, waives, withdrawsof Company Dissenting Shares shall withdraw its demand for such appraisal in accordance with the MBCL, or loses shall become ineligible for such appraisal, then, as of the later of the Effective Time or the occurrence of such event, such holder’s right 's Company Dissenting Shares shall cease to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of be Company Common Stock Dissenting Shares and shall be treated as if they had been deemed to have converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer into which its Company Common Stock would otherwise have converted as of such sharesthe Effective Time pursuant to this Agreement. The Company shall provide Acquiror give prompt written notice to Parent of any demands received by the Company for appraisal of any shares of Company Common Stock, any waiver or withdrawal capital stock of any such demandthe Company, and any other demandParent shall have the right to participate in all negotiations, noticeproceedings and settlements with respect to such demands. Before the Effective Time, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with shall not, without the prior written consent of Acquiror (Parent, which consent shall not be unreasonably conditionedwithheld or delayed, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands, or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (P Com Inc), Agreement and Plan of Merger (Telaxis Communications Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement anything herein to the contrary, to the extent that holders of Company Common Stock are entitled to appraisal rights under Section 262 of the DGCL, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected his or her demand for appraisal rights of such shares in accordance with under Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives”), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a the right to receive a portion of the Aggregate Merger Consideration, but instead the holders of such Dissenting Shares shall be entitled to only receive such rights consideration as are granted by shall be determined pursuant to Section 262 of the DGCL; provided, however, that if, after the Effective Time, if any such holder fails shall have failed to perfect, waives, withdraws, timely perfect or loses such holder’s shall have effectively withdrawn or lost his or her right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of under the DGCL, such holder’s shares of Company Common Stock shall thereupon be treated as if they had deemed to have been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer and such shares shall not be deemed to be Dissenting Shares. At the Effective Time, any holder of such sharesDissenting Shares shall cease to have any rights with respect thereto, except the rights provided in Section 262 of the DGCL and as provided in this Section 3.4. The Company shall provide Acquiror give Buyer and Acquisition Sub prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered Buyer and Acquisition Sub shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands except as required by applicable Law. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedBuyer, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, to any demands for fair value for Dissenting Shares or offer to settle, settle or negotiate in respect of any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Discover Financial Services), Agreement and Plan of Merger (Student Loan Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 3.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 3.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into or represent a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands. Any payments to be made in respect of Dissenting Shares shall be made by Parent and/or the Surviving Corporation and not by the Company, Merger Sub or by the Exchange Agent from the Payment Fund.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Randstad North America, L.P.), Agreement and Plan of Merger (SFN Group Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder shareholder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance complied with Section 262 applicable provisions of the DGCL MBCA (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead unless such shareholder fails to perfect or withdraws or otherwise loses his, her or its right to appraisal. From and after the Effective Time, a shareholder who has properly exercised such appraisal rights shall not have any rights of a shareholder of Company or the Surviving Entity with respect to shares of Company Common Stock, except those provided under applicable provisions of the MBCA (any shareholder duly making such demand being hereinafter called a “Dissenting Shareholder”). A Dissenting Shareholder shall be entitled to only such rights as are granted by Section 262 receive payment of the DGCL; providedfair value of each share of Company Common Stock held by him or her in accordance with the applicable provisions of the MBCA, however, that ifunless, after the Effective Time, such holder shareholder fails to perfect, waives, withdraws, perfect or withdraws or loses such holder’s his, her or its right to appraisal pursuant to Section 262 of the DGCLappraisal, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, in which case such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into and represent only the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without interest thereon, upon transfer surrender of such shareshis, her or its Certificates pursuant to Section 2.05. The Company shall provide Acquiror give Buyer prompt notice of any written notice of any demands received by the Company for appraisal intent to demand payment, attempted withdrawals of shares of Company Common Stock, any waiver or withdrawal of any such demandnotices, and any other demandinstruments served pursuant to applicable Law received by Company relating to shareholders’ rights of appraisal. Buyer shall have the right to direct all discussions, noticenegotiations and proceedings with respect to any such notices of intent to demand payment. Company shall not, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedBuyer, withheldvoluntarily make, delayed or denied)offer to make, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demandsnotice of intent to demand payment. Company shall not waive any failure to timely deliver a written notice of intent to demand payment or the taking of any other action by such Dissenting Shareholder as may be necessary to perfect appraisal rights under the MBCA. Any payments made in respect of Dissenting Shares shall be made by Buyer as the Surviving Entity.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.), Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Oak Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights complied with the relevant provisions of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares”), shall not be converted into or be exchangeable for the right to receive the Merger Consideration as provided in Section 2.1(b) and instead such holder of Dissenting Shares shall be entitled to receive payment of the fair value of such Dissenting Shares in accordance with the provisions of Section 262 unless and until such time as such holder fails to perfect or withdraws or otherwise waives, withdraws, or loses such holder’s right to appraisal rights and payment under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if. If, after the Effective Time, any such holder fails to perfect, waives, withdraws, perfect or withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLappraisal, such shares of Company Common Stock Dissenting Shares shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 to which such holder would have been entitled but for the prior status of such shares as Dissenting Shares, without interest or dividends thereon, upon transfer the surrender in the manner provided in Section 2.2 of the Certificate(s) which formerly represented such shares. The Company Oak shall provide Acquiror give Xxxxx prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered instruments served pursuant to the Company DGCL and received by Oak relating to stockholders’ rights of appraisal and, prior to the Effective Time that relates Time, Xxxxx shall have the right to direct all negotiations and proceedings with respect to such demanddemands. Except Prior to the Effective Time, Oak shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedXxxxx, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Voting Agreement (Oak Technology Inc), Voting Agreement (Zoran Corp \De\)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and which are held by a holder Company shareholder who has did not voted vote in favor of adoption of this Agreement the Merger (or consented consent thereto in writing writing) and who is entitled to demand and has properly exercised appraisal rights demands the fair value of such shares pursuant to, and who complies in all respects with, the provisions of Article 113 of the CBCA (the “Dissenting Shareholders”), shall not be converted into or be exchangeable for the right to receive the Per Share Merger Consideration (the “Dissenting Shares”), but instead such holder shall be entitled to payment of the fair value of such shares in accordance with Section 262 the provisions of Article 113 of the DGCL CBCA (and at the Effective Time, such Dissenting Shares shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and such holder shall cease to have any rights with respect thereto, except the rights provided for pursuant to the provisions of Article 113 of the CBCA and this Section 1.7(d)), unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost rights to demand or receive the fair value of such shares of Company Common Stock being referred to collectively as under the CBCA. If any Dissenting Shares” until such time as such holder fails Shareholder shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time into Time, the right to receive the Aggregate Per Share Merger Consideration for each such share of Company Common Stock, in accordance with Section 3.1 1.7(b), without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any demands received by the Company for appraisal written notices to exercise dissenters’ rights in respect of any shares of Company Common Stock, any waiver or withdrawal attempted withdrawals of any such demand, notices and any other demand, notice, or instrument delivered instruments served pursuant to the CBCA and received by Company prior relating to shareholders’ dissenters’ rights and (ii) the Effective Time that relates opportunity to such demandparticipate in negotiations and proceedings with respect to demands for fair value under the CBCA. Except Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, or settle, or offer or agree to settle, any such demandsdemand for payment. Any portion of the Merger Consideration made available to the Paying Agent pursuant to Section 2.1 to pay for shares of Company Common Stock for which dissenter’s rights have been perfected shall be returned to Parent upon demand.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Triumph Bancorp, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 2.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 2.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 Sections 607.1301-607.1333 of the DGCL FBCA (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL FBCA with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 607.1302 of the DGCLFBCA; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 607.1323 of the DGCL, FBCA or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 607.1302 of the DGCLFBCA, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demanddemand (other than any such waiver set forth in the Shareholder Written Consent), and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ocean Bio Chem Inc), Agreement and Plan of Merger (OneWater Marine Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement anything to the contrarycontrary contained in this Agreement, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to made a demand and has properly exercised for appraisal rights of such shares in accordance with Section 262 of the DGCL WBCL (any such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL WBCL with respect to such shares) shall not be converted into a or represent the right to receive a portion of the Aggregate Merger ConsiderationConsideration pursuant to this Agreement, but instead shall be entitled only to only such rights as are granted by Section 262 the WBCL to a holder of the DGCL; provided, however, that if, after Dissenting Shares. At the Effective Time, such the Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder fails of Dissenting Shares shall cease to perfecthave any rights with respect thereto, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into except the right to receive the Aggregate Merger Consideration fair value of such Dissenting Shares in accordance with Section 3.1 the provisions of the WBCL. If any Dissenting Shares shall lose their status as such (through failure to perfect appraisal rights under the WBCL or otherwise), then, as of the later of the Effective Time or the date of loss of such status, such shares shall automatically be converted into and shall represent only the right to receive the Merger Consideration, without interest thereon, in exchange for each such share, upon transfer surrender of the Company Stock Certificates that formerly evidenced such sharesDissenting Shares in the manner set forth in Section 1.7. The Company shall provide Acquiror give Parent (a) prompt written notice of any written demands received by the Company for appraisal payment of fair value of any shares of Company Common Stock, any waiver or withdrawal attempted withdrawals of any such demand, demands and any other demand, notice, or instrument delivered the opportunity to participate in all negotiations and proceedings with respect to demands under the WBCL consistent with the obligations of the Company prior to the Effective Time that relates to such demandthereunder. Except The Company shall not, except with the prior written consent of Acquiror Parent, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not i) make any payment with respect toto any demand for payment of fair value, or settle, or (ii) offer to settle, settle or settle any such demandsdemand for payment of fair value or (iii) waive any failure to timely deliver a written demand for payment of the fair value or timely take any other action to perfect payment of fair value rights in accordance with the WBCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Mid Bancshares, Inc.), Agreement and Plan of Merger (First Mid Bancshares, Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock any Shares ("Dissenting Shares") which are issued and outstanding immediately prior to the Effective Time and which are held by a holder Shareholders of the Company who has have filed with the Company, before the taking of the vote of the Shareholders of the Company to approve the Merger, written objections to such approval stating their intention to demand payment for such Shares, and who have not voted such Shares in favor of the adoption of this Agreement or consented thereto the Merger will not be converted as described in writing and who is entitled Section 3.1(c) hereof, but will thereafter constitute only the right to demand and has properly exercised appraisal rights receive payment of the fair value of such shares Shares in accordance with Section 262 the applicable provisions of Chapter 156B of the DGCL MBCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL"Appraisal Rights Provisions"); provided, however, that ifall Shares held by Shareholders who shall have failed to perfect or who effectively shall have withdrawn or lost their rights to appraisal of such Shares under the Appraisal Rights Provisions shall thereupon be deemed to have been canceled and retired and to have been converted, after as of the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Cash Consideration, without interest, in the manner provided in Section 3.1(c). Persons who have perfected statutory rights with respect to Dissenting Shares as aforesaid will not be paid by the Surviving Corporation as provided in this Agreement and will have only such rights as are provided by the Appraisal Rights Provisions with respect to such Dissenting Shares. Notwithstanding anything in this Agreement to the contrary, if the Merger Consideration Sub abandons or is finally enjoined or prevented from carrying out, or the Shareholders rescind their adoption of, the Merger, the right of each holder of Dissenting Shares to receive the fair value of such Dissenting Shares in accordance with Section 3.1 without interest thereonthe Appraisal Rights Provisions will terminate, upon transfer effective as of the time of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stockabandonment, any waiver injunction, prevention or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demandsrescission.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ferrofluidics Corp), Agreement and Plan of Merger (Ferrotec Acquisition Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company any Common Stock Shares issued and outstanding immediately prior to the Effective Time and held by a holder (a “Dissenting Stockholder”) who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised demanded appraisal rights of for such shares Common Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion the Merger Consideration at the Effective Time in accordance with Section 2.01(a) hereof, but shall represent and become the right to receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to the Laws of the Aggregate Merger ConsiderationState of Delaware, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, unless and until such holder fails to perfect, waives, withdraws, perfect or withdraws or otherwise loses such holder’s right to appraisal pursuant and payment under the DGCL. If a Dissenting Stockholder fails to Section 262 of perfect appraisal rights in accordance with the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled withdraws or otherwise loses such holder’s right to the relief provided by Section 262 of the DGCLappraisal, such shares of Company Common Stock former Dissenting Shares held by such holder shall be treated as if they had been converted as of the Effective Time into the a right to receive receive, upon surrender as provided above, the Aggregate Merger Consideration Consideration, without any interest or dividends thereon, in accordance with Section 3.1 without interest thereon, upon transfer of such shares2.01(a). The Company shall provide Acquiror give Merger Sub prompt written notice of any demands received by the Company for appraisal of shares Common Shares, withdrawals of Company Common Stock, any waiver or withdrawal of any such demand, demands and any other demand, notice, or instrument delivered instruments served pursuant to the Company prior DGCL and received by the Company, and Parent shall have the right to participate in and, after the Effective Time that relates Time, to direct, all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent or as required under the DGCL, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, to any demands for appraisal or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Specialized Health Products International Inc), Agreement and Plan of Merger (Bard C R Inc /Nj/)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding as of immediately prior to the Effective Time and held owned by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and Company Stockholder who is entitled to demand and has properly exercised demanded appraisal rights of for such shares in accordance with with, and who complies in all respects with, Section 262 of the DGCL (such shares of shares, “Dissenting Shares”), shall not be converted into the right to receive the Per Share Company Common Stock being referred Consideration, the Per Share Company Preferred Stock Consideration or the Earn Out Shares and shall instead entitle such Company Stockholder only to collectively such rights as may be granted to him, her or it under the “Dissenting Shares” until DGCL. If any such time as such holder Company Stockholder fails to perfect or otherwise waives, withdraws, withdraws or loses such holderCompany Stockholder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by appraisal under Section 262 of the DGCL; providedDGCL (or other applicable Law), howeverthen such Company Stockholder’s Dissenting Shares shall be deemed to have been converted, that if, after as of the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock into and shall be treated as if they had been converted as of the Effective Time into exchangeable solely for the right to receive the Aggregate Merger Per Share Company Common Stock Consideration or the Per Share Company Preferred Stock Consideration, as applicable, and the Earn Out Shares (in accordance with Section 3.1 without interest thereonhis, upon transfer of such sharesher or its Earn Out Pro Rata Share), in accordance with this Article III and Article IV. The Company shall provide Acquiror give Parent prompt written notice (and in any event within one Business Day) of any demands demand received by the Company for appraisal of shares of Company Common Stock, any waiver or attempted withdrawal of any such demand, demand and any other demand, notice, or instrument delivered served pursuant to the Company prior DGCL, and received by the Company, relating to rights to be paid the fair value of Dissenting Shares, and Parent shall have the right to participate in all negotiations and proceedings with respect to such demands. Prior to the Effective Time that relates to such demand. Except Time, the Company shall not, except with the prior written consent of Acquiror Parent (which consent shall not to be unreasonably conditioned, withheld, delayed conditioned or denieddelayed), the Company shall not make any payment with respect to, or settle, settle or compromise or offer to settlesettle or compromise, any such demandsdemands or waive any failure to timely deliver a written demand for appraisal or otherwise comply with the provisions under Section 262 of the DGCL, or agree or commit to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Gores Holdings VIII Inc.), Agreement and Plan of Merger (Gores Holdings VI, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement anything to the contrarycontrary in this Agreement, shares of Company Common Chancellor 7% Convertible Preferred Stock issued and Chancellor $3.00 Convertible Preferred Stock outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto and who properly demands in writing and who is entitled to demand and has properly exercised appraisal rights of such shares of Chancellor 7% Convertible Preferred Stock or Chancellor $3.00 Convertible Preferred Stock, as the case may be, in accordance with Section 262 of the DGCL (Delaware Code and who shall not have withdrawn such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect demand or otherwise waiveshave forfeited appraisal rights, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into represent the right to receive the Aggregate Merger Consideration therefor ("Dissenting Shares"). Such stockholders shall be entitled to receive payment of the appraised value of such shares of Chancellor 7% Convertible Preferred Stock or Chancellor $3.00 Convertible Preferred Stock, as the case may be, held by them in accordance with the provisions of Section 262 of the Delaware Code, except that all Dissenting Shares held by stockholders who shall have failed to perfect or who effectively shall have withdrawn or lost their rights to appraisal of such securities under Section 262 shall thereupon be deemed to have been converted into, as of the Effective Time, the right to receive, without any interest thereon, the Merger Consideration, upon surrender in the manner provided in this Article I of the certificate or certificates that formerly represented such securities. Chancellor shall take all actions required to be taken by it in accordance with Section 3.1 without interest thereon, upon transfer 262(d) of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered Delaware Code with respect to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent holders of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.Chancellor 7% Convertible Preferred Stock and Chancellor $3.00

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Chancellor Media Corp of Los Angeles), Agreement and Plan of Merger (Hicks Thomas O)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, and to the extent available under the NRS, shares of Company Common Capital Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Capital Stock cancelled in accordance with Section 3.2(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected appraisal rights of such shares of Company Capital Stock in accordance with Section 262 92A.380 of the DGCL NRS (such shares of Company Common Capital Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL NRS with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Closing Merger Consideration and, if applicable and subject to the contingencies set forth in Section 3.7, a portion of the Incentive Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 92A.380 of the DGCLNRS; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 92A.380 of the DGCLNRS, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate portion of the Closing Merger Consideration to which such holder is entitled pursuant to the applicable subsections of Section 3.1, without interest thereon, and a portion of the Contingent Merger Consideration, if any, and subject to the contingencies set forth in Section 3.7, upon surrender of the Company Stock Certificate or Company Stock representing such Dissenting Shares in accordance with Section 3.1 without interest thereon, upon transfer of such shares3.5. The Company shall promptly provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Capital Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the NRS that relates to such demand. Except with , and Parent shall have the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment opportunity to participate in all negotiations and proceedings with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Merger Agreement (Aerkomm Inc.), Merger Agreement (IX Acquisition Corp.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 3.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has that have properly exercised appraisal rights of such shares in accordance with Section 262 Chapters 302A.471 and 302.473 of the DGCL MBCA (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL MBCA with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 Chapters 302A.471 and 302.473 of the DGCLMBCA; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, validly withdraws or otherwise loses such holder’s right to appraisal pursuant to Section 262 Chapters 302A.471 and 302.473 of the DGCL, MBCA or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 Chapters 302A.471 and 302.473 of the DGCLMBCA, such shares of Company Common Stock shall immediately cease to be considered Dissenting Shares, but instead shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands demands, notices or instruments received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the MBCA that relates to such demand, and shall promptly confirm (from time to time at the request of Parent) the number of shares of Company Common Stock with respect to which such demands, notices or instruments have been delivered to the Company and not validly withdrawn (both on an absolute basis and as a percentage of the total number of outstanding shares of Company Common Stock). Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands, notices and instruments. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not voluntarily make any payment with respect to, or settle, settle or offer to settle, any such demands, notices or instruments, or waive any failure to timely deliver a written demand for appraisal, or agree to do or commit to do any of the foregoing. If any demand for appraisal is made of Dissenting Shares and the Top-Up Option was exercised prior to the Effective Time, then for purposes of determining the appraised value of any Dissenting Shares, the value of the Promissory Note shall be treated as if they had not been paid to or received by the Company and the Top-Up Shares issued shall be treated as if they were not issued or outstanding. Any portion of the aggregate Merger Consideration deposited in the Payment Fund in respect of any Dissenting Shares shall be returned to Parent, upon demand.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (MGC Parent LLC), Agreement and Plan of Merger (MGC DIAGNOSTICS Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares with respect to each share of Company Common Stock issued and outstanding immediately prior as to which the Effective Time and held by a holder who has not voted in favor thereof shall have properly complied with the provisions of adoption Article 113 of this Agreement or consented thereto in writing and who is entitled the CBCA as to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the each, a “Dissenting Shares” until Share”), if any, such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall share will not be converted into a into, or represent the right to receive a portion of receive, the Aggregate Merger Consideration, but instead . Such holder shall be entitled to only such rights as are granted by Section 262 payment, solely from the Surviving Company, of the DGCLappraisal value of the Dissenting Shares to the extent permitted by and in accordance with the provisions of Article 113 of the CBCA; provided, however, that if(i) if any holder of Dissenting Shares, after under the Effective Timecircumstances permitted by and in accordance with the CBCA, such holder fails to perfect, waives, withdraws, affirmatively withdraws or loses waives such holder’s demand for appraisal of such Dissenting Shares or loses his or her right to appraisal pursuant to Section 262 and payment for his or her shares of Company Common Stock under Article 113 of the DGCLCBCA, (ii) if any holder of Dissenting Shares fails to perfect or establish such holder’s entitlement to appraisal rights as provided in the CBCA, (iii) if a court of competent jurisdiction shall determine determines that any holder of Dissenting Shares is not entitled to the relief provided in Article 113 of the CBCA, or (iv) if any holder of Dissenting Shares takes or fails to take any action the consequence of which is that such holder is not entitled to payment for his or her shares under the relief provided by Section 262 CBCA, such holder or holders (as the case may be) shall forfeit the right to appraisal of the DGCLsuch shares of Company Common Stock, and such shares of Company Common Stock shall thereupon cease to constitute Dissenting Shares, and each such share of Company Common Stock shall thereafter be treated as if they had deemed to have been converted into and to have become, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without interest thereon, upon transfer of such sharesthe Merger Consideration. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal appraisals of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered Parent shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the The Company shall not settle, make any payment payments with respect to, or settle, or offer to settle, any such demandsclaim with respect to Dissenting Shares without the written consent of Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Halcon Resources Corp), Agreement and Plan of Merger (Georesources Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Capital Stock issued and outstanding immediately prior to the Effective Time of the Merger and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares of Company Capital Stock in accordance with Section 262 of the DGCL (such shares of Company Common Stock Shares being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion the applicable amount of the Aggregate Merger ConsiderationParent Common Stock contemplated by Section 1.5(a)(ii), but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective TimeTime of the Merger, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Capital Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with applicable amount of Parent Common Stock contemplated by Section 3.1 without interest thereon1.5(a)(ii), upon transfer of if any, to which such sharesholder is entitled. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Capital Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior pursuant to the Effective Time DGCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not, and shall not permit the Company to, make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (TEKMIRA PHARMACEUTICALS Corp), Agreement and Plan of Merger and Reorganization (TEKMIRA PHARMACEUTICALS Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Seller Common Stock that are issued and outstanding immediately prior to the Effective Time and held that are owned by a holder who has stockholders that have properly perfected their rights of appraisal within the meaning of Section 262 of the DGCL (the “Dissenting Shares”) shall not voted in favor be converted into the right to receive the Merger Consideration, unless and until such stockholders shall have failed to perfect any available right of adoption of this Agreement or consented thereto in writing and who is appraisal under applicable Law, but, instead, the holders thereof shall be entitled to demand and has properly exercised appraisal rights payment of the appraised value of such shares Dissenting Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as DGCL. If any such holder fails shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right of appraisal, withdraws, or loses the shares of Seller Common Stock held by such holder’s appraisal rights under the DGCL with respect to such shares) stockholder shall not be deemed Dissenting Shares for purposes of this Agreement and shall thereupon be deemed to have been converted into a right the Merger Consideration at the Effective Time in accordance with Section 3.01(b) (and, if no election is timely made by such holder pursuant to receive a portion of Section 3.02, into the Aggregate Merger Cash Consideration, but instead subject to proration pursuant to Section 3.03). The Seller shall be entitled give the Company (A) prompt notice of any demands for appraisal filed pursuant to only such rights as are granted by Section 262 of the DGCL; providedDGCL received by the Seller, howeverwithdrawals of such demands and any other instruments served or delivered in connection with such demands pursuant to the DGCL and received by the Seller, that if, after and (B) the Effective Time, such holder fails opportunity to perfect, waives, withdraws, or loses such holder’s right participate in all negotiations and proceedings with respect to appraisal demands made pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company Seller shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stocknot, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror the Company, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not x) make any payment with respect toto any such demand, (y) offer to settle or settle any such demand, or settle, (z) waive any failure to timely deliver a written demand for appraisal or offer timely take any other action to settle, any such demandsperfect appraisal rights in accordance with the DGCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Midwest Banc Holdings Inc), Agreement and Plan of Merger (Midwest Banc Holdings Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and which are held by a holder stockholder who has not voted in favor of the adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected its, his or her appraisal rights of such shares in accordance with under Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or be exchangeable for the right to receive a portion of the Aggregate Merger ConsiderationConsideration in accordance with Section 3.1(a), but instead such holder of Dissenting Shares shall be entitled to only such rights receive the fair value thereof as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal may be determined pursuant to Section 262 of the DGCLDGCL (and at the Effective Time, or if a court of competent jurisdiction such Dissenting Shares shall determine that no longer be outstanding and shall automatically be canceled and shall cease to exist, and such holder is not entitled shall cease to have any rights with respect thereto, except the relief provided by rights set forth in Section 262 of the DGCL), unless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost rights to appraisal under the DGCL. If any holder of Dissenting Shares shall have failed to perfect or shall have effectively withdrawn or lost such right, such shares of Company Common Stock holder’s Shares shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration for each such Share, in accordance with Section 3.1 3.1(a), without any interest thereon, upon transfer of such sharesthereon and shall thereafter not be deemed to be Dissenting Shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any written demands for appraisal of any Shares, attempted withdrawals of such demands and any other instruments served pursuant to the DGCL and received by the Company for relating to stockholders’ rights of appraisal and (ii) the opportunity to participate in all negotiations and proceedings with respect to such demands. Without limiting the generality of shares of Company Common Stockthe foregoing, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except the Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed make any payment or denied), the Company shall not agree to make any payment with respect toto any demands for appraisal, or settle, or offer to settle, settle or settle any such demands, or waive or agree to waive any failure to comply with the provisions of Section 262 of the DGCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Elevate Credit, Inc.), Agreement and Plan of Merger (Elevate Credit, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of including Section 2.01, Company Common Stock Shares issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 2.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock Shares being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockShares, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ormat Technologies, Inc.), Agreement and Plan of Merger (Us Geothermal Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Colonial Common Stock issued and Shares that are outstanding immediately prior to the Parent Merger Effective Time and that are held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and any Person who is entitled to demand dissent and has properly exercised appraisal perfects such Person’s dissenters’ rights of appraisal with respect to such shares in accordance with Section 262 of the DGCL Colonial Common Shares (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives”) pursuant to, withdrawsand who complies in all respects with, or loses such holder’s appraisal rights under Section 10A-2-13.01 et seq. of the DGCL with respect to such sharesABNEC (“ABNEC Article 13”) shall not be converted into a right to receive a portion shares of the Aggregate Merger ConsiderationMAA Common Stock as provided in Section 3.1(b), but instead rather the holders of Dissenting Shares shall be entitled to only such rights as are granted payment by Section 262 MAA of the DGCL“fair value” (as defined in ABNEC Article 13) of such Dissenting Shares plus accrued interest in accordance with ABNEC Article 13; provided, however, that if, after the Effective Time, if any such holder fails shall fail to perfectperfect or otherwise shall waive, waiveswithdraw or lose the right to dissent under ABNEC Article 13, withdraws, or loses then the right of such holder to be paid the fair value of such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction Dissenting Shares shall determine that cease and such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Dissenting Shares shall be treated as if they had deemed to have been converted as of the Parent Merger Effective Time into into, and shall have become exchangeable solely for the right to receive the Aggregate Merger Consideration receive, shares of MAA Common Stock as provided in accordance with Section 3.1 without interest thereon, upon transfer of such shares3.1(b). The Company Colonial shall provide Acquiror serve prompt written notice to MAA of any demands demand received by Colonial from a holder of Colonial Common Shares pursuant to Section 13.21 of ABNEC Article 13, and MAA shall have the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of right to participate in all negotiations and proceedings with respect to any such demand, and any other demand, notice, or instrument delivered . Prior to the Company prior to the Parent Merger Effective Time that relates to such demand. Except with Time, Colonial shall not, without the prior written consent of Acquiror MAA (which consent shall not to be unreasonably conditioned, withheld, delayed or deniedconditioned), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands, or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Colonial Realty Limited Partnership), Agreement and Plan of Merger (Mid America Apartment Communities Inc)

Dissenting Shares. Notwithstanding any provision Shares of this Agreement to capital stock of the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder stockholders of the Company who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has have properly exercised and preserved appraisal rights of such with respect to those shares in accordance with Section 262 92A.440 of the DGCL NRS (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into or represent a right to receive a portion of the Aggregate Merger ConsiderationConsideration pursuant to Section 2.1(c) above, but instead the holders thereof shall be entitled only to only such rights as are granted by Section 262 92A.440 of the DGCLNRS. Each holder of Dissenting Shares who becomes entitled to payment for such shares pursuant to Section 92A.440 of the NRS shall receive payment therefor from the Surviving Corporation in accordance with such laws; provided, however, that if, after the Effective Time, if any such holder fails to perfect, waives, withdraws, of Dissenting Shares shall have effectively withdrawn such holder’s demand for appraisal of such shares or loses lost such holder’s right to appraisal pursuant to and payment of such shares under Section 262 92A.440 of the DGCLNRS, or if a court of competent jurisdiction shall determine that such holder is not entitled or holders (as the case may be) shall forfeit the right to the relief provided by Section 262 appraisal of the DGCL, such shares of Company Common Stock and each such share shall thereupon be treated as if they had deemed to have been converted canceled, extinguished and exchanged, as of the Effective Time Time, into and represent the right to receive the Aggregate Merger Consideration as provided in accordance with Section 3.1 without interest thereon, upon transfer 2.1(c) above. Any payments in respect of such sharesDissenting Shares will be made by the Surviving Corporation. The Company shall provide Acquiror give prompt written notice to Parent of any written demands received by the Company for appraisal payment of the fair value (as defined in NRS 92A.320) in respect of any shares of Company Common Stock and attempted withdrawals of such demands and any other instruments served pursuant to NRS 92A.440 and received by the Company, and Parent shall have the right to direct all negotiations and proceedings with respect to such demands. The Company shall not, except with the prior written consent of Parent, voluntarily make or agree to make any payment with respect to any demands for appraisals of shares of Company Common Stock, offer to settle or settle any waiver demands or approve any withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Medistem Inc.), Agreement and Plan of Merger (Intrexon Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time or resulting from the Company Preferred Conversion and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL DGCL, or to the extent applicable, has properly exercised dissenters’ rights of such shares in accordance with Chapter 13 of the CCC (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL DGCL, or to the extent applicable, the CCC, with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL, or to the extent applicable, Chapter 13 of the CCC; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or to the extent applicable, Chapter 13 of the CCC, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, or to the extent applicable, Chapter 13 of the CCC, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Xos, Inc.), Agreement and Plan of Merger (NextGen Acquisition Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares Each outstanding share of Company Common Stock issued and outstanding immediately prior as to the Effective Time and held by which a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who written demand for appraisal is entitled to demand and has properly exercised appraisal rights of such shares filed in accordance with Section 262 of the DGCL at or prior to the Company Meeting and not withdrawn at or prior to the Company Meeting (as defined in Section 5.03(d)) and which is not voted in favor of the Merger shall not be converted into or represent a right to receive the Per Share Merger Consideration unless and until the holder thereof shall have failed to perfect, or shall have effectively withdrawn or lost the right to appraisal of and payment for each such share of Company Common Stock under said Section 262, at which time each such share shall be converted into the right to receive the Per Share Merger Consideration. All such shares of Company Common Stock being as to which such a written demand for appraisal is so filed and not withdrawn at or prior to the Company Meeting and which are not voted in favor of the Merger, except any such shares of Company Common Stock the holder of which, prior to the Effective Time, shall have effectively withdrawn or lost such right to appraisal and payment for such shares of Company Common Stock under said Section 262, are herein referred to collectively as the “"Dissenting Shares” until ." The Company shall give Newco notice upon receipt by the Company of any written demands for appraisal rights, withdrawal of such time as such holder fails demands, and any other written communications delivered to perfect or otherwise waivesthe Company pursuant to said Section 262, withdrawsand the Company shall give Newco the opportunity, or loses such holder’s appraisal rights under to the DGCL extent permitted by law, to participate in all negotiations and proceedings with respect to such shares) demands. Except with the prior written consent of Newco, the Company shall not be converted into a right voluntarily make any payment with respect to receive a portion any demands for appraisal rights and shall not settle or offer to settle any such demands. Each holder of Dissenting Shares who becomes entitled, pursuant to the Aggregate Merger Considerationprovisions of said Section 262, but instead shall be entitled to only payment for such rights as are granted by shares of Dissenting Shares under the provisions of said Section 262 of shall receive payment therefor from the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, Surviving Corporation and such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demandscancelled.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Capricorn Investors Iii L P), Agreement and Plan of Merger (Tcby Enterprises Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 3.2 hereof, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Shares shall not be converted into a the right to receive a portion of the Aggregate Merger Consideration, but instead . The holders thereof shall be entitled only to only such rights as are granted by Section 262 of the DGCL. Each holder of Dissenting Shares who becomes entitled to payment for such shares pursuant to Section 262 of the DGCL shall receive payment therefor from the Surviving Corporation in accordance with the DGCL; provided, however, that if, after the Effective Time, (i) if any such holder fails of Dissenting Shares shall have failed to perfectestablish his entitlement to appraisal rights as provided in Section 262 of the DGCL, waives, withdraws, (ii) if any such holder of Dissenting Shares shall have effectively withdrawn his demand for appraisal of such shares or loses such holder’s lost his right to appraisal pursuant to and payment for his shares under Section 262 of the DGCL, or (iii) if neither any holder of Dissenting Shares nor the Surviving Corporation shall have filed a court petition demanding a determination of competent jurisdiction shall determine that such holder is not entitled to the relief value of all Dissenting Shares within the time provided by in Section 262 of the DGCL, such holder shall forfeit the right to appraisal of such shares of Company Common Stock and each such share shall be treated as if they it had been converted as of the Effective Time Time, into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without interest thereon, upon transfer of such sharesfrom the Surviving Corporation as provided in Section 3.2 hereof. The Company shall provide Acquiror give Mergeco prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demandshares, and any other demand, notice, or instrument delivered Mergeco shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedMergeco, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Solomon Page Group LTD), Agreement and Plan of Merger (Solomon Page Group LTD)

Dissenting Shares. Notwithstanding any provision other provisions of this Agreement to the contrary, shares of Company Common Stock any Shares that are issued and outstanding immediately prior to the Effective Time and held by a holder who has Time, that are not voted in favor of (or the holder of which has not executed a consent to) the adoption of this Agreement and the Merger and in respect of which appraisal or consented thereto dissenter’s rights shall have been perfected in writing and who is entitled a timely manner pursuant to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives”), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into or represent a right to receive a portion of the Aggregate Merger Considerationconsideration payable to the Equityholders pursuant to Section 2.06, but instead unless and until such holder of Dissenting Shares shall have effectively withdrawn, lost or failed to perfect such holder’s appraisal or dissenter’s rights under DGCL (any such holder so withdrawing, losing or failing to perfect, a “Reverting Holder”). Each holder of Dissenting Shares shall be entitled to receive only such rights as are granted the payment provided by Section 262 of the DGCL; provided, however, that ifDGCL with respect to Dissenting Shares. If, after the Effective Time, any such holder fails to perfect, waives, withdraws, perfect or effectively withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLright, such shares of Company Common Stock Reverting Holder’s Dissenting Shares shall thereupon cease to be “Dissenting Shares” and shall be treated as if they had deemed to have been converted into and have become exchangeable for, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration consideration due to such holder in accordance respect of such Shares pursuant to Section 2.06, subject to compliance with Section 3.1 without interest thereon, upon transfer of such shares2.09. The Company shall provide Acquiror give Parent (i) prompt written notice upon receipt by the Company of any written demands for appraisal, attempted withdrawals of such demands, any other instruments served pursuant to applicable Law that are received by the Company relating to Equityholders’ rights of appraisal and (ii) the opportunity to direct all negotiations and proceedings with respect to any demand for appraisal of shares of under DGCL. The Company Common Stockand the Surviving Corporation shall not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (Parent, which consent shall not may be unreasonably conditionedgranted in Parent’s sole and absolute discretion, withheld, delayed or denied), the Company shall not make any payment with respect toto any demands for appraisal of Dissenting Shares, or settle, or offer to settle, settle or settle any such demands, except as required by Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (OncoCyte Corp), Agreement and Plan of Merger (OncoCyte Corp)

Dissenting Shares. Notwithstanding any provision of in this Agreement to the contrary, shares any share of Company Common Stock issued and outstanding as of immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised demanded appraisal rights of for such shares share in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the Stock, collectively, “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall will not be converted into a the right to receive a portion of the Aggregate Per Share Merger Consideration or Additional Per Share Merger Consideration. At the Effective Time, but instead shall all Dissenting Shares will no longer be entitled outstanding and automatically will be cancelled and will cease to only exist, and, except as otherwise provided by applicable Laws, each holder of Dissenting Shares will cease to have any rights with respect to the Dissenting Shares, other than such rights as are granted by under Section 262 of the DGCL. Holders of such Dissenting Shares will be entitled to receive payment for the appraised value of such Dissenting Shares as determined in accordance with Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s the right to appraisal pursuant to Section 262 of the DGCLappraisal, or if a court of competent jurisdiction shall determine that each such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall Dissenting Share will be treated as if they it had been converted as of the Effective Time into the right to receive the Aggregate Per Share Merger Consideration plus, if applicable, any Additional Per Share Merger Consideration, in accordance with Section 3.1 each case without interest thereon, upon transfer surrender of such sharesshares of Company Common Stock in the manner provided in Section 2.2. The Company shall provide Acquiror will give Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal and withdrawals of any such demand, and any other demand, notice, or instrument communications delivered to the Company prior pursuant to or in connection with Section 262 of the Effective Time that relates DGCL, and Parent shall have the opportunity to participate in all negotiations and proceedings with respect to such demanddemands (including settlement offers). Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settlepayment, or offer or agree to settlemake any payment, with respect to any demands for appraisal or offer to settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Peak Bio, Inc.), Agreement and Plan of Merger (Akari Therapeutics PLC)

Dissenting Shares. Notwithstanding Section 2.06 or any other provision of this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and held by a holder any Person who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised and perfected appraisal rights of for such shares Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, Consideration but instead shall be entitled only to only such rights as are granted by Section 262 the DGCL to a holder of the DGCLDissenting Shares; provided, however, that if, after the Effective Time, if such holder fails to timely perfect, waives, withdraws, effectively withdraws or loses such holder’s right to appraisal appraisal, pursuant to Section 262 of the DGCLDGCL with respect to such Shares, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Shares shall immediately cease to be Dissenting Shares and shall be treated as if they had been Shares converted as of the Effective Time into into, and to have become exchangeable solely for, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.06(a) (less any payments made by the Surviving Corporation with respect to such Shares in accordance with Section 262(h) of the DGCL) without interest thereon, upon transfer surrender of such sharesCertificate formerly representing such Share in accordance with the provisions of Section 2.07. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockShares, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to Section 262 of the DGCL that relates relate to such demand, and Parent shall have the opportunity and right to participate in all negotiations and Proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or offer to settle or settle, or offer to settle, otherwise negotiate any such demandsdemands or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Astea International Inc), Agreement and Plan of Merger (General Mills Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder who has shall not have voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has shall have demanded properly exercised in writing an appraisal rights of the “fair value” of such shares Company Common Stock in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as collectively, the “Dissenting Shares” until such time as such holder fails ”) shall be cancelled and terminated and shall cease to perfect or otherwise waives, withdraws, or loses such holder’s appraisal have any rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only Dissenting Shares other than such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, except that all Dissenting Shares held by holders of Company Common Stock who shall have failed to perfect or if a court who effectively shall have withdrawn or lost their rights for an appraisal of competent jurisdiction such shares under the DGCL shall determine that such holder is not entitled thereupon be deemed to the relief provided by Section 262 have been cancelled and terminated, as of the DGCLEffective Time, and shall represent solely the right to receive the Offer Price in accordance with Section 2.6(a) upon surrender in the manner provided in Section 2.6(f) of the certificate or certificates that formerly evidenced such shares of Company Common Stock Stock. Any payments made in respect of Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration made in accordance with Section 3.1 without interest thereon, upon transfer the DGCL solely by the Surviving Corporation out of such sharesits own funds. The Company shall provide Acquiror give prompt written notice to Purchaser and Merger Sub of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal Stock and of any attempted withdrawals of such demand, notice and any other demand, notice, or instrument delivered instruments served pursuant to the DGCL and received by the Company prior relating to stockholder rights of appraisal, and Purchaser and Merger Sub shall have the Effective Time that relates right to participate in and direct all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedPurchaser and Merger Sub, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands or approve any withdrawal of any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Whole Foods Market Inc), Agreement and Plan of Merger (Wild Oats Markets Inc)

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Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and that are held by a any record holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand has demanded appraisal Agreement and has properly exercised appraisal Plan of Merger rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a the right to receive a portion the Merger Consideration but shall become the right to receive such consideration as may be determined to be due in respect of the Aggregate Merger Consideration, but instead shall be entitled such Dissenting Shares pursuant to only such rights as are granted by Section 262 of the DGCL; provided, however, that ifany holder of Dissenting Shares who shall have failed to perfect or shall have withdrawn or lost his rights to appraisal of such Dissenting Shares, after in each case under the DGCL, shall forfeit the right to appraisal of such Dissenting Shares, and such Dissenting Shares shall be deemed to have been converted into the right to receive, as of the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled Merger Consideration without interest. Notwithstanding anything to the relief provided by contrary contained in this Section 262 of 3.03, if the DGCLMerger is rescinded or abandoned, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into then the right of any holder of Dissenting Shares to receive be paid the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer fair value of such sharesstockholder’s Dissenting Shares shall cease. The Surviving Corporation shall comply with all of its obligations under the DGCL with respect to holders of Dissenting Shares. The Company shall provide Acquiror give the Parent (i) prompt written notice of any demands for appraisal, any withdrawals of such demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered related instruments served pursuant to the DGCL and received by the Company, and (ii) the opportunity to direct and participate in all negotiations and proceedings with respect to demands for appraisal under the DGCL. The Company prior to the Effective Time that relates to such demand. Except shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedthe Parent, withheld, delayed or denied), the Company shall not make any payment with respect toto any demands for appraisal or negotiate, or settle, or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Marimba Inc), Agreement and Plan of Merger (BMC Software Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, if required by DGCL (but only to the extent required thereby), shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock to be cancelled pursuant to Section 3.1(c)) and that are held by a holder holders of such shares who has have not voted in favor of the adoption of this Agreement or consented thereto in writing and who is entitled to demand and has have properly exercised appraisal rights of such shares with respect thereto in accordance with with, and who have complied with, Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares”) will not be convertible into the right to receive the Merger Consideration, and holders of such Dissenting Shares will be entitled to receive payment of the fair value of such Dissenting Shares in accordance with the provisions of such Section 262 unless and until such time as any such holder fails to perfect or otherwise waives, withdraws, effectively withdraws or loses such holder’s its rights to appraisal rights and payment under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if. If, after the Effective Time, any such holder fails to perfect, waives, withdraws, perfect or effectively withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLright, such shares of Company Common Stock shall Dissenting Shares will thereupon be treated as if they had been converted as of into and have become exchangeable for, at the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer and the Surviving Corporation shall remain liable for payment of the Merger Consideration for such shares. At the Effective Time, any holder of Dissenting Shares shall cease to have any rights with respect thereto, except the rights provided in Section 262 of DGCL and as provided in the previous sentence. The Company shall provide Acquiror will give Parent (i) prompt written notice (and in any event within one (1) Business Day) of any demands received by the Company for appraisal appraisals, withdrawals or attempted withdrawals of shares of Company Common Stock, any waiver or withdrawal of any such demand, demands and any other demand, notice, or instrument delivered instruments served pursuant to DGCL and received by the Company prior in respect of Dissenting Shares, and (ii) the opportunity to the Effective Time that relates participate in and direct all negotiations and proceedings with respect to such demandnotices and demands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, to any demands for appraisal or settle, or compromise, offer to settlesettle or compromise, or otherwise negotiate any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Investment Technology Group, Inc.), Agreement and Plan of Merger (Virtu Financial, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement anything to the contrarycontrary herein, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand to, and has properly exercised and perfected his, her or its demand for, appraisal rights of such shares in accordance with under Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a the right to receive a portion of the Aggregate Merger Consideration, but instead the holders of such Dissenting Shares shall be entitled to only receive such rights consideration as are granted by shall be determined pursuant to Section 262 of the DGCL; provided, however, that ifif any such holder shall have failed to perfect or shall have effectively withdrawn or lost his or her right to appraisal and payment under Section 262 of the DGCL (whether occurring before, at or after the Effective Time), such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall thereupon be treated as if they had deemed to have been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer of and such sharesshares shall not be deemed to be Dissenting Shares. The Company shall provide Acquiror give Parent (a) prompt written notice of any written demands for appraisal filed pursuant to Section 262 of the DGCL received by the Company, written withdrawals of such demands and any other instruments served or delivered in connection with such demands pursuant to the DGCL and received by the Company for appraisal and (b) the opportunity and right to participate in all material negotiations and proceedings with Third Parties with respect to demands made pursuant to Section 262 of shares of the DGCL. The Company Common Stockshall not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror Parent (which consent shall not to be unreasonably conditioned, withheld, delayed conditioned or denieddelayed), the Company shall not (i) make any payment with respect toto any such demand, or settle, or (ii) offer to settle, settle or settle any such demandsdemand or (iii) waive any failure to timely deliver a written demand for appraisal or timely take any other action to perfect appraisal rights in accordance with the DGCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SP Plus Corp), Agreement and Plan of Merger (SP Plus Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock Shares that are issued and outstanding immediately prior to the Effective Time and that are held by a holder stockholders who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is are entitled to demand and has are properly exercised demanding appraisal rights pursuant to, and who are complying in all respects with, the provisions of Section 262 of the Corporation Law (the “Dissenting Shares”) shall not be converted into or be exchangeable for the right to receive the Merger Consideration, but shall be converted into the right to receive such shares consideration as may be determined to be due to the holders of Dissenting Shares pursuant to Section 262 of the Corporation Law, unless and until such holders shall have failed to perfect or shall have effectively withdrawn or lost their rights to appraisal under Section 262 of the Corporation Law. Dissenting Shares shall be treated in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as Corporation Law. If any such holder fails shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right to appraisal, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Shares shall not thereupon be converted into a and become exchangeable only for the right to receive a portion receive, as of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as later of the Effective Time into and the time that such right to receive appraisal shall have been irrevocably lost, withdrawn or expired, the Aggregate Merger Consideration in accordance with Section 3.1 3.01, without any interest thereon, upon transfer of such shares. The Company shall provide give Acquiror and Merger Sub (a) prompt written notice of any written demands for appraisal of any Shares (or written threats thereof), withdrawals or attempted withdrawals of such demands and any other instruments served pursuant to the Corporation Law and received by the Company relating to rights to be paid the “fair value” of Dissenting Shares, and (b) the right to participate in and direct all negotiations and proceedings with respect to demands for appraisal of shares of under the Corporation Law. The Company Common Stockshall not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed withheld or denieddelayed), the Company shall not voluntarily make or agree to make any payment with respect toto any demands for appraisals of capital stock of the Company, or settle, or offer to settle, settle or settle any such demands, approve any withdrawal of any such demands, or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Move Inc), Agreement and Plan of Merger (News Corp)

Dissenting Shares. (a) Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock other than as provided in Section 3.3(b), any Shares that are issued and outstanding immediately prior to the Effective Time and held by a holder Company shareholder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has demanded properly exercised appraisal rights in writing payment of fair value for such shares Shares in accordance with Section 262 Part 13 of the DGCL MBCA (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall will not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer unless and until such Company shareholder will have effectively withdrawn or lost (through failure to perfect or otherwise) such shareholder’s right to obtain payment of the fair value of such sharesshareholder’s Dissenting Shares under the MBCA but will instead be entitled only to such rights with respect to such Dissenting Shares as may be granted to such shareholder under Part 13 of the MBCA. The Company shall provide Acquiror prompt written notice of From and after the Effective Time, Dissenting Shares will not be entitled to vote for any demands received by the Company for appraisal of shares of Company Common Stock, any waiver purpose or withdrawal of any such demand, and any other demand, notice, or instrument delivered be entitled to the Company payment of dividends or other distributions (except dividends or other distributions payable to shareholders of record prior to the Effective Time Time). Parent, Purchaser and the Company agree that relates the Surviving Corporation will not assert that any Top-Up Shares or any promissory note used as a portion of the consideration for the Top-Up Shares negatively impact the fair value of any Dissenting Shares. The parties hereby agree and acknowledge that in any appraisal proceeding with respect to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedDissenting Shares, withheld, delayed or denied)and to the fullest extent permitted by applicable Law, the fair value of the Dissenting Shares will be determined in accordance with Part 13 of the MBCA without regard to the Top-Up Option, the Top-Up Shares or any promissory note delivered by Purchaser or Parent to the Company shall not make any in payment with respect to, or settle, or offer to settle, any such demandsfor the Top-Up Shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Genzyme Corp), Agreement and Plan of Merger (Sanofi-Aventis)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder stockholder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected its, his or her appraisal rights of such shares in accordance with under Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the a “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such sharesStockholder”) shall not be converted into a or be exchangeable for the right to receive a portion of the Aggregate Merger ConsiderationConsideration (the “Dissenting Shares”), but instead such holder shall be entitled to only receive such consideration as may be determined to be due to such Dissenting Stockholder pursuant to Section 262 of the DGCL (or any successor provision) (and at the Effective Time, such Dissenting Shares shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and such holder shall cease to have any rights as are granted by with respect thereto, except the rights set forth in Section 262 of the DGCL; provided), however, that ifunless and until such holder shall have failed to perfect or shall have effectively withdrawn or lost rights to appraisal under the DGCL. If, after the Effective Time, any Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or lost such holder fails to perfectright, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall thereupon be treated as if they had been converted into and become exchangeable for the right to receive, as of the Effective Time into Time, the right to receive the Aggregate Merger Consideration for each such share of Company Common Stock, in accordance with Section 3.1 2.2, without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent (i) prompt written notice of any demands received by the Company for appraisal of any shares of Company Common Stock, any waiver or withdrawal attempted withdrawals of any such demand, demands and any other demand, notice, or instrument delivered instruments served pursuant to the DGCL and received by the Company relating to stockholders’ rights of appraisal and (ii) the opportunity to participate in all negotiations and proceedings with respect to such demands for appraisal. Without limiting the generality of the foregoing, prior to the Effective Time that relates to such demand. Except the Company shall not, except with the prior written consent of Acquiror Parent, (which consent shall not be unreasonably conditioned, withheld, delayed i) make any payment or denied), the Company shall not agree to make any payment with respect toto any demands for appraisal, or settle, or (ii) offer to settle, settle or settle any such demandsdemands or (iii) waive any failure to timely deliver a written demand for appraisal or timely take any other action to perfect appraisal rights in accordance with the DGCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Wageworks, Inc.), Agreement and Plan of Merger (Healthequity, Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, Parent shall not be obligated to deliver any Merger Consideration to any stockholder of the Company with respect to any shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and that are held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and stockholder who is entitled eligible to demand and has properly exercised appraisal perfect dissenter’s rights of such shares appraisal in accordance with Section 262 et seq. of the DGCL (and who has not effectively withdrawn or lost such holder’s right to such appraisal. To the extent that Section 262 et seq. of the DGCL provides for dissenter’s rights for any such shares of Company Common Stock being referred to collectively as in the Merger (each, a “Dissenting Shares” Share”), such Dissenting Shares shall not be converted into the right to receive the applicable Merger Consideration as provided above, unless and until such time as such holder fails to perfect or withdraws or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion appraisal and payment under Section 262 et seq. of the Aggregate Merger ConsiderationDGCL, but instead the holder thereof shall only be entitled to only such rights as are granted by Section 262 et seq. of the DGCL and shall not be entitled to vote or to exercise any other rights of a stockholder of the Company except as provided by Section 262 et seq. of the DGCL; provided, however, that if. Each holder of Dissenting Shares who becomes entitled to payment therefor pursuant to Section 262 et seq. of the DGCL shall receive such payment from the Surviving Corporation in accordance with Section 262 et seq. of the DGCL. If, after the Effective Time, any such holder fails to perfect, waives, withdraws, perfect or withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLdissent, such shares of Company Common Stock holder’s Dissenting Shares shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate applicable Merger Consideration in accordance with Section 3.1 Consideration, if any, to which such holder is entitled, without interest or dividends thereon, upon transfer of such shares. The Company shall provide Acquiror give Parent prompt written notice of any demands notices of intent to demand payment received by the Company for appraisal Company, withdrawals of shares of Company Common Stock, any waiver or withdrawal of any such demanddemands, and any other demand, notice, or instrument delivered served pursuant to Section 262 et seq. of the Company prior DGCL and received by Company. Parent shall be entitled to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment direct all negotiations and proceedings with respect to, or settle, or offer to settle, any such demandsdemands for appraisal under the DGCL.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (New Motion, Inc.), Agreement and Plan of Merger (Traffix Inc)

Dissenting Shares. Notwithstanding any provision of this ----------------- Agreement to the contrary, if and to the extent required by the Texas Act, shares of Company Common Stock which are issued and outstanding immediately prior to the Effective Time and which are held by a holder who has not voted in favor holders of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred who have properly exercised appraisal rights with respect thereto (the "Dissenting Common Stock") in accordance with Articles 5.11, 5.12 and 5.13 of the Texas Act, shall not be exchangeable for the right to collectively as receive the Merger Consideration, and holders of such shares of Dissenting Shares” Common Stock shall be entitled to receive payment of the appraised value of such shares of Dissenting Common Stock in accordance with the provisions of Article 12 of the Texas Act unless and until such time as holders fail to perfect or effectively withdraw or otherwise lose their rights to appraisal and payment under the Texas Act. If, after the Effective Time, any such holder fails to perfect or otherwise waives, withdraws, effectively withdraws or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLright, such shares of Company Dissenting Common Stock shall thereupon be treated as if they had been converted as of into and to have become exchangeable for, at the Effective Time into Time, the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon. Notwithstanding anything to the contrary contained in this Section 2.3, upon transfer if the Merger is rescinded or abandoned, then the right of any stockholder to be paid the fair value of such sharesstockholder's Dissenting Common Stock pursuant to Article 12 of the Texas Act shall cease. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal appraisals of shares of Company Dissenting Common Stock. The Company shall not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, to any demands for appraisals or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Berkshire Hathaway Inc), Agreement and Plan of Merger (Berkshire Hathaway Inc)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, any shares of Company Common Stock that are issued and outstanding immediately prior to the Effective Time and held by a holder stockholder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised such stockholder’s appraisal rights available under Section 262 of the DGCL (the “Dissenting Shares”) shall not be converted into or be exchangeable for the right to receive the Merger Consideration, unless and until such shares stockholder shall have failed to perfect, or shall have effectively withdrawn or lost such stockholder’s right to appraisal under the DGCL. Dissenting Shares shall be treated in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as DGCL. If any such holder fails shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right to appraisal, withdraws, or loses such holderstockholder’s appraisal rights under the DGCL with respect to such shares) shares of Common Stock shall not thereupon be converted into a and become exchangeable only for the right to receive a portion receive, as of the Aggregate Effective Time, the Merger ConsiderationConsideration for each share of Common Stock formerly represented by the Certificates held by such stockholder without any interest thereon. The Company shall give Parent (a) prompt notice of any notices or demands for appraisal of any shares of Common Stock, but instead shall attempted withdrawals of such notices or demands and any other instruments served pursuant to the DGCL and received by the Company relating to rights to be entitled to only such rights paid the “fair value” of Dissenting Shares, as are granted by provided in Section 262 of the DGCL; provided, however, that if, after DGCL and (b) the Effective Time, opportunity to participate in and direct all negotiations and proceedings with respect to any such holder fails to perfect, waives, withdraws, demands or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such sharesnotices. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stocknot, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (Parent, which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect toto any notices or demands for appraisals, or settle, or offer to settle, settle or settle any demands or approve any withdrawal of any such notices or demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Borland Software Corp), Agreement and Plan of Merger (Segue Software Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarycontrary and to the extent available under the DGCL, shares of Company Common Stock issued and any Shares outstanding immediately prior to the Effective Time and that are held by a holder stockholder (a “Dissenting Stockholder”) who has not neither voted in favor of the adoption of this Agreement or nor consented thereto in writing and who is entitled to demand has demanded properly in writing appraisal for such Shares and has otherwise properly exercised appraisal perfected and not withdrawn or lost his or her rights of such shares (the “Dissenting Shares”) in accordance with Section 262 of the DGCL (will not be converted into, or represent the right to receive, the Merger Consideration. Such Dissenting Stockholders will be entitled to receive payment of the appraised value of Dissenting Shares held by them in accordance with the provisions of such shares of Company Common Stock being referred to collectively as the “Section 262, except that all Dissenting Shares” until such time as such holder fails Shares held by stockholders who have failed to perfect or otherwise waives, withdraws, who effectively have withdrawn or loses such holder’s appraisal lost their rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal of such Dissenting Shares pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled will thereupon be deemed to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had have been converted as of the Effective Time into into, and represent the right to receive receive, the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such sharesthe manner provided in Article II and will no longer be Excluded Shares. The Company shall provide Acquiror will give MergerCo prompt written notice of any written demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Law received by the Company relating to stockholders’ rights of appraisal. The Company will give MergerCo the opportunity to participate in and direct all negotiations and proceedings with respect to demands for appraisal of shares of appraisal. The Company Common Stockwill not, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedMergerCo, withheld, delayed or denied), the Company shall not make any payment with respect toto any demands for appraisals of Dissenting Shares, or settle, or offer to settle, settle or settle any such demands or approve any withdrawal or other treatment of any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Aramark Corp/De), Agreement and Plan of Merger (Neubauer Joseph)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock Shares issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares Company Common Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock Shares being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such sharesCompany Common Shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled canceled and shall cease to exist and shall instead represent the right only to such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate applicable portion of the Merger Consideration in accordance with Consideration, if any, to which such holder is entitled pursuant to Section 3.1 2.8, without interest thereon, upon transfer of such shares. The Company shall provide Acquiror Buyer prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockShares, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and Buyer shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Buyer, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (LiveXLive Media, Inc.), Agreement and Plan of Merger (Snap Interactive, Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement anything contained herein to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL Dissenting Shares (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such sharesif any) shall not be converted into a the right to receive a portion of the Aggregate Merger Considerationmerger consideration provided for in Section 2.2, but shall instead shall be converted into the right to receive such consideration as may be determined to be due with respect to any such Dissenting Shares pursuant to Delaware Law or California Law. Each holder of Dissenting Shares who, pursuant to the provisions of Delaware Law or California Law, becomes entitled to payment thereunder for such shares shall receive payment therefor in accordance with Delaware Law or California Law (but only after the value therefor shall have been agreed upon or finally determined pursuant to such rights as are granted by Section 262 of the DGCL; provided, however, that ifprovisions). If, after the Effective Time, such holder fails to perfectany Dissenting Shares shall lose their status as Dissenting Shares, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, then any such shares of Company Common Stock shall immediately be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration merger consideration, if any, pursuant to Section 2.2 in accordance with Section 3.1 without interest thereon, upon transfer respect of such sharesshares as if such shares never had been Dissenting Shares, and the Surviving Corporation shall pay to the holder thereof, following the satisfaction of the applicable conditions set forth in Section 2.2, the amount of merger consideration to which such holder would be entitled in respect thereof. The Company shall provide Acquiror give Acquirer prompt written notice (and in any case, within one Business Day following receipt) of any demands for appraisal and payment received by the Company for appraisal Company, withdrawals of shares of Company Common Stock, any waiver or withdrawal of any such demanddemands, and any other demand, notice, instruments related to Dissenting Shares served pursuant to Delaware Law or instrument delivered California Law and received by Company and Acquirer will have the right to the Company prior direct all negotiations and proceedings with respect to assertions of dissenters’ rights under Delaware Law or California Law. Prior to the Effective Time that relates to such demand. Except Time, the Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedAcquirer, withheldor as otherwise required under Delaware Law or California Law, delayed voluntarily make any payment or denied), the Company shall not offer to make any payment with respect to, or settle, settle or offer to settle, any such demandsclaim or demand in respect of any Dissenting Shares.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Arrowhead Research Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares (“Appraisal Shares”) of Company TiVo Common Stock issued and that are outstanding immediately prior to the TiVo Effective Time and that are held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and any Person who is entitled to demand and has properly exercised demands appraisal rights of such shares Appraisal Shares pursuant to, and who complies in accordance with all respects with, Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such sharesSection 262”) shall not be converted into a the right to receive a portion of the Aggregate TiVo Merger ConsiderationConsideration as provided in Section 2.2, but instead rather the holders of Appraisal Shares shall be entitled to only such rights as are granted payment by Section 262 the TiVo Surviving Corporation of the DGCL“fair value” of such Appraisal Shares in accordance with Section 262; provided, however, that if, after the Effective Time, if any such holder fails shall fail to perfectperfect or otherwise shall waive, waiveswithdraw or lose the right to appraisal under Section 262, withdraws, or loses then the right of such holder to be paid the fair value of such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction Appraisal Shares shall determine that cease and such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Appraisal Shares shall be treated as if they had deemed to have been converted as of the TiVo Effective Time into into, and to have become exchangeable solely for, the right to receive the Aggregate TiVo Merger Consideration as provided in accordance with Section 3.1 without interest thereon, upon transfer of such shares2.2(b). The Company TiVo shall provide Acquiror serve prompt written notice to Rovi of any demands received by the Company TiVo for appraisal of any shares of Company TiVo Common Stock, any waiver or withdrawal of any and Rovi shall have the right to participate in all negotiations and Proceedings with respect to such demand, and any other demand, notice, or instrument delivered demands. Prior to the Company prior to the TiVo Effective Time that relates to such demand. Except with Time, TiVo shall not, without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedRovi, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands, or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tivo Inc), Agreement and Plan of Merger (Rovi Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the First Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the First Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, DGCL such shares of Company Common Stock shall be treated as if they had been converted as of the First Effective Time into the right to receive the Aggregate Merger Consideration shares of Domesticated Acquiror Common Stock in accordance with Section 3.1 3.02(a) without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the First Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Supernova Partners Acquisition Co II, Ltd.), Agreement and Plan of Merger (Supernova Partners Acquisition Co II, Ltd.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has that have not been voted in favor of for adoption of this Agreement or consented thereto in writing and who is entitled with respect to demand and has properly exercised which appraisal rights of such shares shall have been properly perfected in accordance with Section 262 of the DGCL (such shares of the "Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares") shall not be converted into a the right to receive a portion of the Aggregate Merger ConsiderationConsideration in accordance with this Agreement, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, at or after the Effective Time, unless and until the holder of such Company Dissenting Shares withdraws its demand for such appraisal in accordance with the DGCL or becomes ineligible for such appraisal. If a holder fails to perfectof Company Dissenting Shares shall withdraw its demand for such appraisal in accordance with the DGCL or shall become ineligible for such appraisal, waivesthen, withdrawsas of the later of the Effective Time or the occurrence of such event, or loses such holder’s right 's Company Dissenting Shares shall cease to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of be Company Common Stock Dissenting Shares and shall be treated as if they had been deemed to have converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer into which its Company Common Stock would otherwise have converted as of such sharesthe Effective Time pursuant to this Agreement. The Company shall provide Acquiror give prompt written notice to Parent of any demands received by the Company for appraisal of any shares of Company Common Stock, any waiver or withdrawal capital stock of any such demandthe Company, and any other demandParent shall have the right to participate in all negotiations, noticeproceedings, or instrument delivered and settlements with respect to such demands. Before the Effective Time, the Company prior to the Effective Time that relates to such demand. Except with shall not, without the prior written consent of Acquiror (Parent, which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demandsdemands or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Phazar Corp), Agreement and Plan of Merger (Phazar Corp)

Dissenting Shares. Notwithstanding any other provision of this Agreement to the contrary, shares of Company Common Stock issued and that are outstanding immediately prior to the Effective Time and which are held by a holder stockholders who has shall have not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights shall have demanded payment of the fair value for such shares in accordance with Section 262 of the DGCL IBCA (such shares of Company Common Stock being referred to collectively as collectively, the “Dissenting Dissenters’ Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or represent the right to receive a portion of the Aggregate Common Stock Merger Consideration, but . Such stockholders instead shall be entitled to only receive payment of the fair value of such shares held by them in accordance with the provisions of the IBCA, except that all Dissenters’ Shares held by stockholders who shall have failed to perfect or who effectively shall have withdrawn or otherwise lost their rights as are granted by Section 262 dissenting stockholders under the IBCA shall thereupon be deemed to have been converted into and to have become exchangeable, as of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into for the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without any interest thereon, the Common Stock Merger Consideration upon transfer surrender in the manner provided in Section 2.7 of the certificate(s) that, immediately prior to the Effective Time, evidenced such shares. The Company shall provide Acquiror give Acquiror: (a) prompt written notice of any written demands received by the Company for appraisal payment of fair value of any shares of Company Common Stock, any waiver or withdrawal attempted withdrawals of any such demand, demands and any other demand, notice, or instrument delivered instruments served pursuant to the IBCA and received by the Company prior relating to stockholders’ dissenters’ rights; and (b) the Effective Time that relates opportunity to such demandparticipate in all negotiations and proceedings with respect to demands under the IBCA consistent with the obligations of the Company thereunder. Except The Company shall not, except with the prior written consent of Acquiror Acquiror, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not i) make any payment with respect toto such demand, or settle, or (ii) offer to settle, settle or settle any such demandsdemand for payment of fair value or (iii) waive any failure to timely deliver a written demand for payment of fair value or timely take any other action to perfect payment of fair value rights in accordance with the IBCA.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Busey Corp /Nv/), Agreement and Plan of Merger (First Busey Corp /Nv/)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Stock issued and which were outstanding immediately prior on the date for the determination of shareholders entitled to vote on the Effective Time and held by a holder who has Merger (other than shares cancelled or converted into shares of common stock of the Surviving Corporation in accordance with Section 3.1(a)), which were not voted in favor of adoption the Merger, and the holders of this Agreement or consented thereto in writing and who is entitled to demand and has which (i) have properly exercised appraisal rights of demanded that the Company purchase such shares of Company Common Stock at their fair market value in accordance with Section 262 1301 of CGCL, (ii) have properly submitted such shares for endorsement in accordance with Section 1302 of CGCL and (iii) have not otherwise failed to perfect or shall not have effectively withdrawn or lost their rights to be entitled to require the DGCL Company to purchase their shares under CGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationConsideration pursuant to Section 3.1(b) allocable to such Dissenting Shares, but instead shall be entitled to only such rights as are granted by Section 262 1300 et. seq. of the DGCLCGCL; provided, however, that if, after the Effective Time, if such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 1300 et. seq. of the DGCL, CGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 1300 et. seq. of the DGCLCGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.1(b), without interest thereonthereon but subject to any applicable withholdings, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the CGCL that relates to such demand. Except Parent shall have the opportunity and right to direct all negotiations, petitions and proceedings with respect to any such demands. Prior to the Effective Time, the Company shall not, without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands, or agree to do any of the foregoing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Electro Rent Corp), Agreement and Plan of Merger (Electro Rent Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and that are held by a any holder who has not voted in favor of adoption of this Agreement or consented thereto in writing the Merger and who is entitled to demand and has properly exercised appraisal dissenters’ rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives”), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only receive payment of the “fair market value” of such Dissenting Shares (determined as of the day before the first announcement of the terms of the proposed merger, excluding any appreciation or depreciation in consequence of the proposed merger) held by them in accordance with the provisions of such Section 262, except that all Dissenting Shares held by stockholders who shall have failed to perfect or who effectively shall have withdrawn or lost their rights as are granted by to appraisal of such Dissenting Shares under such Section 262 shall thereupon be deemed to have been converted into and to have become exchangeable for, as of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer of such sharesProper Delivery. The Company shall provide Acquiror serve prompt written notice to Parent of any demands received by the Company for appraisal of any shares of Company Common Stock, any waiver attempted withdrawals of such notices or withdrawal of any such demand, demands and any other demandnegotiations, notice, petitions and proceedings with respect to such demands. The Company shall give Parent the opportunity to direct all negotiations and proceedings with respect to demands for appraisal or instrument delivered to dissenters’ rights and the Company prior to the Effective Time that relates to such demand. Except with shall not, without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands. All fees and expenses of the Company relating to all negotiations, petitions and proceedings with respect to demands for appraisal or dissenters’ rights shall be paid by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (National Holdings Corp), Agreement and Plan of Merger (Gilman Ciocia, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 1.2, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock canceled in accordance with Section 1.2(b) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect perfect, withdraws or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a the right to receive a portion of the Aggregate Merger Consideration, Consideration but instead shall be entitled to only payment of the appraised value of such rights as are granted by Section 262 of shares in accordance with the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or otherwise loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 1.2(a), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesUncertificated Share, as the case may be, in compliance with Section 1.3. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and Parent shall have the opportunity and right to participate in and control all negotiations and proceedings with respect to such demands under the DGCL consistent with the obligations of the Company thereunder. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands. From and after the Effective Time, a holder of Dissenting Shares shall not be entitled to exercise any of the voting rights or other rights of an equity owner of the Surviving Company or of a stockholder of Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SolarWinds, Inc.), Agreement and Plan of Merger (SolarWinds, Inc.)

Dissenting Shares. Notwithstanding any provision No outstanding share of this Agreement to the contrary, shares of Company Seller Common Stock issued as to which the holder has exercised dissenters rights under the DGCL and outstanding immediately prior to did not vote for the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Parent Merger Documents shall not be converted into or represent a right to receive a portion of the Aggregate Merger Consideration, but instead and the holder thereof shall be entitled only to only such rights as are granted by Section 262 the DGCL. Seller shall give Acquiror prompt notice upon receipt by Seller of any such written demands for payment of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 fair value of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company the Seller Common Stock shall be treated as if they had been converted as and of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer withdrawals of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered instruments provided pursuant to the Company prior DGCL (any stockholder duly making such demand being hereinafter called a “Dissenting Stockholder”). Acquiror shall direct all negotiations and proceedings with respect to the Effective Time that relates to any such demanddemands or notices. Except with Seller shall not, without the prior written consent of Acquiror (which consent shall not be unreasonably conditionedAcquiror, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settlesettle or otherwise negotiate, any such demands. If any Dissenting Stockholder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment at or prior to the Effective Time, such holder’s shares of the Seller Common Stock shall be automatically converted into a right to receive the Merger Consideration in accordance with the applicable provisions of this Agreement, without any interest thereon, as if such holder had made a Combination Election. If such holder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment after the Effective Time, each share of the Seller Common Stock of such holder shall be automatically converted, on a share-by-share basis, into the right to receive the Merger Consideration, without any interest thereon, as if such holder had made a Combination Election.

Appears in 2 contracts

Samples: Plan of Merger (Heritage Financial Holding), Plan of Merger (Peoples Holding Co)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Capital Stock that are issued and outstanding immediately prior to the Effective Time and that are held by a holder Company Stockholder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has shall have properly exercised appraisal rights of such shares demanded in accordance with Section 262 writing the payment of the DGCL fair value (as defined in NRS 92A.320) for such shares of Company Common Stock being referred to collectively as under NRS 92A.300 through 92A.500 (each, a “Dissenting Share,” and collectively, the “Dissenting Shares” until ”), to the extent that such time as rights were not otherwise waived by such holder fails to perfect or otherwise waivesCompany Stockholder, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or represent the right to receive a portion of the Aggregate Merger ConsiderationConsideration Common Stock until such time as all rights and remedies are exercised pursuant to NRS Chapter 92A and, but instead in any event, such Dissenting Stockholder shall be entitled only to only such rights as are granted by Section 262 of the DGCLNRS; provided, however, that ifif such Dissenting Stockholder shall have failed to perfect or shall have effectively withdrawn or otherwise lost such Dissenting Stockholder’s rights under NRS 92A.300 through 92A.500, after each such share of Company Capital Stock held by such Company Stockholder shall thereupon be deemed to have been converted into and to have become exchangeable for, as of the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive receive, without any interest thereon, the Aggregate Merger Consideration Common Stock in accordance with Section 3.1 without interest thereonthis Article 3 upon the surrender of its stock certificate and execution and delivery of a Letter of Transmittal, upon transfer and such share of such sharesCompany Capital Stock will no longer be a Dissenting Share. The Company shall provide Acquiror prompt written comply in all respects with the applicable provisions of NRS 92A.300 through 92A.500. The Stockholders’ Representative (on behalf of the Indemnifying Stockholders) shall have the right to direct all negotiations and proceedings with respect to such demands under Nevada Act. The Company shall send out the notice of any demands received required by NRS 92A.430 by overnight courier immediately after the Closing and such notice shall set the date by which the Company must receive demand for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to payment on the Company prior to date which is exactly thirty (30) days after the Effective Time that relates to such demand. Except with date the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demandsnotice is delivered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Agrify Corp), Agreement and Plan of Merger (Agrify Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 3.01, shares of Company Common Stock or Company Preferred Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 3.01(a) and other than shares held by a holder who who, in the event Section 251(h) of the DGCL becomes unavailable as a means to effect the Merger, has not voted in favor of adoption of this Agreement or consented thereto in writing and writing) which are held by a Person who is entitled to demand appraisal and who has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock or Company Preferred Stock being referred to collectively as the "Dissenting Shares" until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s 's appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s 's right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares shall immediately cease to be Dissenting Shares, and such shares of Company Common Stock or Company Preferred Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 3.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock or Company Preferred Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations, proceedings and legal Actions with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Nanosphere Inc), Agreement and Plan of Merger (Nanosphere Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 2.02, shares of Company Common Stock issued and Shares outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised appraisal demanded dissenters' rights of for such shares Shares in accordance with Section 262 of the DGCL Florida Law (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares"DISSENTING SHARES") shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead such Dissenting Shares shall be entitled converted into the right to only receive such rights consideration as are granted by Section 262 may be determined to be due to holders of the DGCL; providedDissenting Shares pursuant to Florida Law, however, that if, after the Effective Time, unless and until such holder fails to perfect, waives, withdraws, perfect or withdraws or otherwise loses such holder’s 's right to appraisal pursuant to Section 262 of dissenters' rights. If after the DGCL, or if a court of competent jurisdiction shall determine that Effective Time such holder is not entitled fails to the relief provided by Section 262 of the DGCLperfect or withdraws or loses his right to dissenters' rights, such shares of Company Common Stock Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such sharesConsideration. The Company shall provide Acquiror give Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company dissenters' rights prior to the Effective Time that relates Time, and Parent shall have the right to participate in all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands. Notwithstanding the foregoing, if the Shares continue to be listed on the Nasdaq National Market System ("NMS") as of the record date set for the shareholders of the Company to vote on the Merger or, if Merger Sub and Parent own at least 80% of the outstanding Shares, at such time as the record date would have been set, the Company represents and warrants that no dissenters' rights, appraisal rights or similar rights will apply to the transactions contemplated by this Agreement. The Company shall not take any action prior to consummation of the Offer to delist the Shares from the Nasdaq NMS.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Renex Corp), Agreement and Plan of Merger (Renex Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement anything to the contrarycontrary set forth in this Agreement, shares of Company Common Stock Shares issued and outstanding immediately prior to the Effective Time (other than Owned Shares) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock Shares being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect perfect, withdraws or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL Delaware Law with respect to such sharesShares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, Consideration but instead shall be entitled to only payment of the appraised value of such rights as are granted by Shares in accordance with Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or otherwise loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 1.4(b)(i), without interest thereon, upon surrender of such Certificate formerly representing such Share or transfer of such sharesUncertificated Share, as the case may be. The Company shall provide Acquiror Newco prompt written notice of any demands received by the Company for appraisal of shares Shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to Delaware Law that relates to such demand, and Newco shall have the opportunity and right to participate in and direct all negotiations and Legal Proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Newco, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Barracuda Networks Inc), Merger Agreement (Riverbed Technology, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, any shares of Company Common Capital Stock issued and outstanding immediately prior to the Effective Time and that are held by a holder Stockholder who has not voted in favor of adoption of this Agreement or consented thereto in writing exercised and who is entitled to demand and has properly exercised perfected appraisal rights of for such shares in accordance with Section 262 the DGCL and who, as of the DGCL Effective Time, has not effectively withdrawn or lost such appraisal rights (such shares of Company Common Stock being referred to collectively as the “"Dissenting Shares” until such time as such holder fails to perfect or otherwise waives"), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into or represent a right to receive a portion of the Aggregate Merger ConsiderationBuyer Common Stock pursuant to Section 1.8.1, but instead the holder thereof shall only be entitled to only such rights as are granted by Section 262 the DGCL. Notwithstanding the provisions of this Section, if any holder of Dissenting Shares shall effectively withdraw or lose (through failure to perfect or otherwise) his or her appraisal rights, then, as of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as later of the Effective Time and the occurrence of such event, such holder's shares shall automatically be converted into and represent only the right to receive the Aggregate Merger Consideration in accordance with shares of Buyer Common Stock to which such Stockholder would otherwise be entitled under Section 3.1 without interest thereon1.8.1 (less the number of shares allocable to such Stockholder that have been deposited into the Escrow Fund on such holder's behalf pursuant to Article VII), upon transfer surrender of the certificate representing such shares. The Company shall provide Acquiror give Buyer (i) prompt written notice of any demands written demand for appraisal received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered pursuant to the Company prior applicable provisions of the DGCL and (ii) the opportunity to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedBuyer, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, or settle, to any such demands or offer to settle, settle or settle any such demands. To the extent that the Company makes any payments in respect of any Dissenting Shares prior to the Effective Time, Buyer shall be entitled to recover under the terms of Article VII hereof the aggregate amount by which such payment or payments exceed the aggregate consideration that otherwise would have been payable in respect of such shares (for this purpose, valued in the same manner specified in Section 7.2.5(b) below).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Etoys Inc), Agreement and Plan of Reorganization (Etoys Inc)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 3.1, shares of Company DWS Common Stock issued and outstanding immediately prior to the Redomestication Transaction or the Effective Time and held by a holder Holder who has not voted in favor of adoption of this Agreement the Redomestication Transaction or the Merger, as the case may be, or consented thereto in writing and who is entitled to demand and has properly exercised dissented or demanded appraisal rights of for such shares in accordance with applicable Yukon Law or Section 262 of the DGCL (Delaware Law, if such laws provide for dissent or appraisal rights for such shares of Company Common Stock being referred to collectively as in connection with the Redomestication Transaction or the Merger ("Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares") shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationShares unless and until such holder fails to perfect, but instead shall be entitled withdraws or otherwise loses its right to only such rights as are granted by Section 262 of the DGCL; provided, however, that ifdissent or appraisal and payment under relevant Yukon Law or Delaware Law. If, after the Effective Time, any such holder Holder fails to perfect, waives, withdraws, withdraws or loses such holder’s its right to appraisal pursuant to Section 262 of the DGCL, dissent or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCLappraisal, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 Shares, if any, to which such Holder is entitled, without interest or dividends thereon, upon transfer of such shares. The Company DWS shall provide Acquiror give IDC prompt written notice of any demands received by the Company DWS for appraisal of shares of Company DWS Common Stock, any waiver whether in connection with the Merger or withdrawal of any such demandthe Redomestication Transaction, and any other demand, notice, or instrument delivered IDC shall have the right to the Company prior to the Effective Time that relates participate in all negotiations and proceedings with respect to such demanddemands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedIDC, withheld, delayed or denied), the Company DWS shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Integrated Data Corp), Agreement and Plan of Merger (Datawave Systems Inc)

Dissenting Shares. (a) Notwithstanding any provision of this Agreement to the contrary, and solely to the extent available under the CRS, shares of Company Common Stock issued and that are outstanding immediately prior to the Effective Time and that are held by a holder Company shareholder (a “Dissenting Shareholder”) who has not (i) neither voted in favor of adoption the Merger nor executed a writing consenting to the Merger, (ii) caused the Company to receive, before any vote is taken at any meeting where a notice of this Agreement or consented thereto in writing and who is entitled dissenters’ rights has been given to such a shareholder, written notice of such holder’s intention to demand and has properly exercised appraisal rights payment for such holder’s shares of such shares Common Stock in accordance with Section 262 0-000-000 of the DGCL CRS, and (iii) otherwise properly perfected and not withdrawn or lost his, her or its rights in accordance with Article 113 of Title 7 of the CRS (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder shareholder fails to perfect perfect, withdraws or otherwise waives, withdraws, or loses such holdershareholder’s appraisal rights under the DGCL with respect to such sharesdissenters’ rights) shall not be converted into a into, or represent the right to receive a portion of receive, the Aggregate Per Share Merger Consideration, but instead . Each Dissenting Shareholder shall be entitled to only receive payment for such rights as are granted shares held by it in accordance with Section 262 0-000-000 of the DGCLCRS; provided, however, that if, after the Effective Time, such holder if a Dissenting Shareholder fails to perfect, waives, withdraws, withdraws or loses such holderDissenting Shareholder’s right to appraisal demand payment pursuant to Section 262 of the DGCLto, or if a court of competent jurisdiction shall determine determines that such holder Dissenting Shareholder is not entitled to the relief provided by Section 262 Article 113 of Title 7 of the DGCLCRS, such shares of Company Common Stock Dissenting Shares held by such Dissenting Shareholder shall thereupon be treated as if they had deemed to have been converted as of the Effective Time into into, and represent the right to receive receive, the Aggregate Per Share Merger Consideration in accordance with Section 3.1 Consideration, without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by in the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demandmanner provided in this Article II. Except with as otherwise provided by Article 113 of Title 7 of the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)CRS, the Company shall not make any demand for payment with respect to, or settle, or offer to settle, any such demandsand deposit of certificates is irrevocable.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (VCG Holding Corp), Agreement and Plan of Merger (VCG Holding Corp)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 4.1, shares of Company Common Capital Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Capital Stock cancelled in accordance with Section 3.1(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected appraisal rights of such shares of Company Capital Stock in accordance with Section 262 92A.380 of the DGCL NRS (such shares of Company Common Capital Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL NRS with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationConsideration Shares, but instead shall be entitled to only such rights as are granted by Section 262 92A.380 of the DGCLNRS; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 92A.380 of the DGCLNRS, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate portion of the Merger Consideration in accordance with Shares to which such holder is entitled pursuant to the applicable subsections of Section 3.1 4.1, without interest thereon, upon transfer surrender of the Company Stock Certificate or Company Stock Certificates representing such sharesDissenting Shares in accordance with Section 4.4. The Company shall promptly provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Capital Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the NRS that relates to such demand. Except with , and Parent shall have the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment opportunity to participate in all negotiations and proceedings with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Lock Up Agreement (NaturalShrimp Inc), Merger Agreement (Yotta Acquisition Corp)

Dissenting Shares. (a) Notwithstanding any provision the foregoing provisions of this Agreement Article II, if any Dissenting Shareholder shall demand to be paid the “fair market value” of its Dissenting Shares, as provided in Chapter 13 of the CGCL, such Dissenting Shares shall not be converted into or exchangeable for a right to receive the Per Share Amount and the holders thereof shall be entitled only to payment of the fair market value of such Dissenting Shares, in accordance with Chapter 13 of the CGCL, unless and until such Dissenting Shareholder withdraws (in accordance with Chapter 13 of the CGCL) or effectively loses the right to dissent. At the Effective Time, the Dissenting Shares shall no longer be outstanding, and each holder of a Company Stock Certificate that immediately prior to the contraryEffective Time represented Dissenting Shares shall cease to have any rights with respect thereto, except the right to receive the fair market value of such shares in accordance with the provisions of Chapter 13 of the CGCL. Each holder of Dissenting Shares who becomes entitled to payment of the fair market value for such shares pursuant to Chapter 13 of the CGCL shall receive payment therefor from the Surviving Corporation in accordance with the CGCL; provided, however, that if any such holder of Dissenting Shares fails to perfect or otherwise effectively withdraws or loses such holder’s right to receive payment of the fair market value of such Dissenting Shares, each share held by such holder shall not constitute a Dissenting Share and shall be treated as if it had been a share of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor converted, as of adoption the Effective Time, into and shall represent only the right to receive (upon the surrender of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of the certificate representing such shares share) the Per Share Amount in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives2.06, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without any interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Mellanox Technologies, Ltd.), Agreement and Plan of Merger

Dissenting Shares. Notwithstanding any other provision of this Agreement to the contrary, shares of Company Common United Stock issued and that are outstanding immediately prior to the Effective Time and that are held by a holder shareholders who has shall have not voted in favor of adoption of this Agreement the Merger or consented thereto in writing and who is entitled to demand and has properly exercised shall have demanded appraisal rights of for such shares in accordance with Section 262 Article 13 of the DGCL North Carolina Business Corporation Act (such shares of Company Common Stock being referred to collectively as collectively, the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or represent the right to receive a portion of the Aggregate Merger Consideration, but . Such shareholders instead shall be entitled to only such rights as are granted by Section 262 receive payment of the DGCL; providedappraised value of such shares held by them in accordance with the provisions of Article 13 of the North Carolina Business Corporation Act, howeverexcept that all Dissenting Shares held by shareholders who shall have failed to perfect or who effectively shall have withdrawn or otherwise lost their rights to appraisal of such shares under Article 13 of the North Carolina Business Corporation Act shall thereupon be deemed to have been converted into and to have become exchangeable, that if, after as of the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into for the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 receive, without any interest thereon, the Merger Consideration upon transfer surrender in the manner provided in Section 1.8 of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stockcertificate or certificates that, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company immediately prior to the Effective Time that relates Time, evidenced such shares. United shall give FNB (i) prompt notice of any written demands for appraisal of any shares of United Stock, attempted withdrawals of such demands for appraisal or any other instruments served pursuant to such demandArticle 13 of the North Carolina Business Corporation Act and received by United relating to shareholders’ rights of appraisal, and (ii) the opportunity to participate in all negotiations and proceedings with respect to demands under Article 13 of the North Carolina Business Corporation Act consistent with the obligations of United thereunder. Except United shall not, except with the prior written consent of Acquiror FNB, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not x) make any payment with respect toto such demand, (y) offer to settle or settle any demand for appraisal, or settle, (z) waive any failure to timely deliver a written demand for appraisal or offer timely take any other action to settle, any such demandsperfect appraisal rights in accordance with Article 13 of the North Carolina Business Corporation Act.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (FNB Corp/Nc), Agreement and Plan of Merger (United Financial Inc)

Dissenting Shares. Notwithstanding Section 2.06 or any other provision of this Agreement to the contrary, shares of Company Common Stock Shares issued and outstanding immediately prior to the Effective Time (other than Excluded Shares) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand appraisal and who has properly exercised demanded appraisal rights of such shares Shares in accordance with Section 262 of the DGCL (such shares and, as of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waivesEffective Time, withdraws, or loses has neither effectively withdrawn nor lost such holder’s right to appraisal rights under pursuant to the DGCL with respect to such sharesShares (any such Shares, “Dissenting Shares”) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, Consideration but instead shall be entitled only to only such rights as are granted by Section 262 of the DGCL; provided, however, that that, if, after the Effective Time, such holder fails to perfect, waives, withdraws, waives or otherwise loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, then the right of such shares holder to be paid the fair value of Company Common Stock such Dissenting Shares shall cease and such holder’s Shares shall be treated as if they had deemed to have been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.05(a), without interest thereonthereon and less any amounts entitled to be deducted or withheld pursuant to Section 2.10, upon transfer surrender of such sharesCertificate formerly representing such Shares. The Company shall provide Acquiror Parent with prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stockany Shares, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to Section 262 of the DGCL that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied)if required by Applicable Law, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Portola Pharmaceuticals Inc), Agreement and Plan of Merger (Alexion Pharmaceuticals, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company Common Capital Stock (whether in certificated or book-entry form) issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 the applicable provisions of Sections 92A.300 through 92A.500 of the DGCL NRS (such shares of Company Common Capital Stock being referred to collectively as the “Company Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL NRS with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 Sections 92A.300 through 92A.500 of the DGCLNRS; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 Sections 92A.300 through 92A.500 of the DGCL, NRS or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 Sections 92A.300 through 92A.500 of the DGCLNRS, such shares of holder’s Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 1.8, without interest thereon, upon surrender of the Capital Stock Certificate formerly representing such Company Dissenting Shares or transfer of such sharesthe Capital Stock Book-Entry Shares, as applicable. The Company shall provide Acquiror prompt Parent written notice of any demands received by the Company for appraisal of shares of Company Common Capital Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time that relates to such demand, and the Company shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands; provided, that Parent shall have the right to consent to any final resolution of such demands, which consent shall not be unreasonably withheld, conditioned or delayed. Except with the prior written consent of Acquiror (Parent, which consent shall not be unreasonably conditioned, withheld, delayed conditioned or denied)delayed, the Company shall not make any payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Medytox Solutions, Inc.), Agreement and Plan of Merger (CollabRx, Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares Shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and that are held by any record holder (a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and “Dissenting Stockholder”) who is entitled to demand and has properly exercised demands appraisal rights of such shares in accordance with pursuant to the provisions of Section 262 of the DGCL (such shares of Company Common Stock being are referred to collectively in this Agreement as the “Dissenting Shares.until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) Dissenting Shares shall not be converted into a or represent the right to receive a portion any Merger Consideration (along with any cash in lieu of fractional Parent ADSs as provided in Section 2.2(e) and any unpaid dividends and distributions with respect to such Parent ADSs as provided in Section 2.2(c)) and the Aggregate Merger Consideration, but instead holders thereof shall be entitled to only such rights as are granted by Section 262 of the DGCL; providedDGCL unless and until the Dissenting Stockholder holding particular Dissenting Shares has failed to perfect his, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, her or loses such holder’s its right to appraisal pursuant to Section 262 under the DGCL in respect of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares or has effectively waived, withdrawn or lost his, her or its demand for appraisal in respect of Company Common Stock such shares. If such Dissenting Stockholder has so failed to perfect or has waived, withdrawn or lost his, her or its rights to appraisal in respect of such shares, then such Dissenting Shares shall cease to be treated as if they had been converted as of the Effective Time into the right Dissenting Shares and shall thereafter entitle such Dissenting Stockholder to receive the Aggregate Merger Consideration as provided in accordance with Section 3.1 without interest thereon, upon transfer 2.1(c)(i) in respect of such shares. The Company shall provide Acquiror prompt written notice comply with those provisions of any demands received Section 262 of the DGCL which are required to be performed by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demandthe reasonable satisfaction of Parent. Except The Company shall give Parent (A) prompt notice of any written demands for appraisal under the DGCL actually received by the Company and (B) an opportunity to direct all negotiations and proceedings with respect to demands for appraisal under the DGCL. The Company shall not, except with the prior written consent of Acquiror (which consent shall not be unreasonably conditionedParent, withheld, delayed or denied), the Company shall not voluntarily make any payment with respect to, or settle, to demands for appraisal under the DGCL or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pride International Inc), Agreement and Plan of Merger (Ensco PLC)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 4.1, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock cancelled in accordance with Section 3.1(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised and perfected appraisal rights of such shares Company Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationConsideration Shares, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Dissenting Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate portion of the Merger Consideration in accordance with Shares to which such holder is entitled pursuant to the applicable subsections of Section 3.1 4.1, without interest thereon, upon transfer surrender of the Company Stock Certificate or Company Stock Certificates representing such sharesDissenting Shares in accordance with Section 4.4. The Company shall promptly provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand. Except with , and Parent shall have the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not make any payment opportunity to participate in all negotiations and proceedings with respect to, or settle, or offer to settle, any such demands.

Appears in 2 contracts

Samples: Merger Agreement (Goldenstone Acquisition Ltd.), Merger Agreement (Abri SPAC I, Inc.)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock Shares issued and outstanding immediately prior to the Effective Time and held by a holder Company Stockholder who (A) has not (x) voted in favor of the adoption of this Agreement or consented thereto in writing or (y) otherwise waived such Company Stockholder’s right to appraisal under applicable Law and who is entitled (B) has, with respect to demand such Company Stockholder’s Company Shares, complied in all respects with, and has does in fact properly exercised exercise appraisal rights of such shares in accordance with the manner provided by Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives”), withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a or be exchangeable for the right to receive a portion of the Aggregate Merger Consideration, consideration specified in Section 2.5 but instead shall be entitled to only such rights as are granted by Section 262 of converted into the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal receive such consideration as may be determined to be due with respect to such Dissenting Shares pursuant to Section 262 of the DGCL. At the Effective Time, the Dissenting Shares, if any, will no longer be outstanding and will automatically be cancelled and will cease to exist, and each holder of Dissenting Shares will cease to have any rights with respect thereto, except the right to receive the fair value of such shares in accordance with the provisions of Section 262 of the DGCL. If, after the Effective Time, any such Company Stockholder withdraws, fails to perfect, or otherwise loses such right to appraisal, or if a court of competent jurisdiction shall determine that such holder Company Stockholder is not entitled to the relief provided by Section 262 of the DGCL, the Dissenting Shares held by such shares of Company Common Stock Stockholder shall thereupon be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration consideration specified in accordance with Section 3.1 without interest thereon, upon transfer of such shares2.5. The Company shall provide Acquiror give Purchaser (a) prompt written notice of of, together with copies of, any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demandShares pursuant to the DGCL, and any other demand, notice, or instrument delivered (b) the right to the Company prior to the Effective Time that relates participate in and control all negotiations and Proceedings with respect to such demanddemands for appraisal under the DGCL. Except The Company shall not, except with the prior written consent Consent of Acquiror Purchaser, (which consent shall not be unreasonably conditioned, withheld, delayed or denied), the Company shall not i) make any payment with respect to, or settle, settle or offer to settlesettle or approve any withdrawal of, any such demandsdemand, (ii) waive any failure to properly make or effect any such demand or to take any action required to perfect such appraisal rights or (iii) agree to do any of the foregoing.

Appears in 2 contracts

Samples: Asset Transfer Agreement (Zurn Water Solutions Corp), Asset Transfer Agreement (Zurn Water Solutions Corp)

Dissenting Shares. Notwithstanding any provision of anything in this Agreement to the contrary, shares of Company Common Stock Shares (other than Cancelled Shares and Subsidiary Shares) that are issued and outstanding immediately prior to the Effective Time and that are held by a stockholders properly exercising appraisal rights available under Section 262 of the DGCL (the “Dissenting Shares”) shall not be converted into the right to receive the Merger Consideration or the consideration set forth in Section 2.1(b), as applicable, unless and until such holder who has not voted in favor shall have failed to perfect or shall have effectively withdrawn or lost such holder’s rights to appraisal under the DGCL. Holders of adoption of this Agreement or consented thereto in writing and who is Dissenting Shares shall be entitled to demand payment of the appraised value of the Dissenting Shares held by them to the extent permitted by and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as DGCL. If any such holder fails shall have failed to perfect or otherwise waivesshall have effectively withdrawn or lost such right to appraisal, withdraws, or loses then the right of such holder to be paid the fair value of such holder’s appraisal rights under the DGCL with respect Dissenting Shares shall cease and such holder’s Shares shall thereupon be deemed to such shares) shall not be converted into a right to receive a portion have been converted, as of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s into the right to receive the Merger Consideration or the consideration set forth in Section 2.1(b), as applicable, without interest and less any required Tax withholding as provided in Section 2.3. The Company shall give Parent and Merger Sub (i) prompt written notice of any demands for appraisal of any Shares, attempted withdrawals of such demands and any other instruments served pursuant to the DGCL and received by the Company relating to rights to be paid the “fair value” of Dissenting Shares, as provided in Section 262 of the DGCL, or if a court of competent jurisdiction shall determine that such holder is not entitled and (ii) the opportunity to the relief provided by Section 262 of participate in negotiations and proceedings with respect to demands for appraisal under the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 without interest thereon, upon transfer of such shares. The Company shall provide Acquiror prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stocknot, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand. Except except with the prior written consent of Acquiror (Parent, which consent shall will not be unreasonably conditionedwithheld or delayed, withheld, delayed voluntarily make or denied), the Company shall not agree to make any material payment with respect toto any demands for appraisals of capital stock of the Company, or settle, or offer to settle, settle or settle any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SemGroup Corp), Agreement and Plan of Merger (Energy Transfer LP)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, including Section 2.01, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled in accordance with Section 2.01(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration in accordance with Section 3.1 2.01(b), without interest thereon, upon surrender of such Certificate formerly representing such share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, and any other demand, notice, or instrument delivered to the Company prior to the Effective Time that relates to such demand, and Parent shall have the opportunity and right to direct all negotiations and proceedings with respect to such demands and any other Proceeding brought against the Company by a current or former equityholder related to the transactions contemplated hereby, including those that take place prior to the Effective Time, except for any claims for breach of duty, any commercial claims or any claims which are not brought primarily by a stockholder of the Company to enforce its rights under Section 262 of the DGCL. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle, any such demands.any

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Apex Global Brands Inc.), Agreement and Plan of Merger (Apex Global Brands Inc.)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrarySection 2.03, shares of Company Common Stock issued and outstanding immediately prior to the Effective Time and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and writing, who is entitled to demand appraisal and who has properly exercised appraisal rights for such shares in accordance with Section 262 of the DGCL shall not be converted into a right to receive the Per Share Merger Consideration but instead shall be entitled only to payment of the appraised value of such shares in accordance with Section 262 of the DGCL (following which such shares of Company Common Stock being referred shall automatically be canceled and shall cease to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such shares) shall not be converted into a right to receive a portion of the Aggregate Merger Consideration, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; exist provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal appraisal, pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Per Share Merger Consideration (less any amounts entitled to be deducted or withheld pursuant to Section 2.08 and less any amounts previously paid to such holder pursuant to Section 262(h) of the DGCL) in accordance with Section 3.1 2.03(a), without interest thereon, upon transfer surrender of such Certificate formerly representing such shares. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common Stock, any waiver or withdrawal of any such demand, demand and any other demand, notice, or instrument delivered to the Company prior to the Effective Time pursuant to Section 262 of the DGCL that relates relate to such demand, and Parent shall have the opportunity and right to participate in and direct all negotiations and proceedings with respect to such demands. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any payment with respect to, or settle, or offer to settle or settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Del Taco Restaurants, Inc.), Agreement and Plan of Merger (Jack in the Box Inc /New/)

Dissenting Shares. Notwithstanding any provision of this Agreement to the contrary, shares of Company including Section 4.1, Common Stock Shares issued and outstanding immediately prior to the Effective Time (other than Common Shares cancelled in accordance with Section 4.1(a)) and held by a holder who has not voted in favor of adoption of this Agreement or consented thereto in writing and who is entitled to demand and has properly exercised appraisal rights of such shares Common Shares in accordance with Section 262 of the DGCL (such shares of Company Common Stock Shares being referred to collectively as the “Dissenting Shares” until such time as such holder fails to perfect or otherwise waives, withdraws, or loses such holder’s appraisal rights under the DGCL with respect to such sharesCommon Shares) shall not be converted into a right to receive a portion of the Aggregate Merger ConsiderationConsideration allocable to such Dissenting Shares, but instead shall be entitled to only such rights as are granted by Section 262 of the DGCL; provided, however, that if, after the Effective Time, such holder fails to perfect, waives, withdraws, withdraws or loses such holder’s right to appraisal pursuant to Section 262 of the DGCL, DGCL or if a court of competent jurisdiction shall determine that such holder is not entitled to the relief provided by Section 262 of the DGCL, such shares of Company Common Stock Shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Aggregate Merger Consideration allocable thereto in accordance with Section 3.1 4.1(b), without interest thereonthereon but subject to any applicable withholdings, upon surrender of such Certificate formerly representing such Common Share or transfer of such sharesBook-Entry Share, as the case may be. The Company shall provide Acquiror Parent prompt written notice of any demands received by the Company for appraisal of shares of Company Common StockShares, any waiver or withdrawal of any such demand, demand and any other demand, notice, notice or instrument delivered to the Company prior to the Effective Time pursuant to the DGCL that relates to such demand. Except with the prior written consent of Acquiror (which consent shall not be unreasonably conditioned, withheld, delayed or denied)Parent, the Company shall not make any voluntary payment with respect to, or settle, settle or offer to settle, any such demands.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Everest Merger Sub, Inc.), Agreement and Plan of Merger (Sport Chalet Inc)

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