Common use of Certificate Delivery Requirements Clause in Contracts

Certificate Delivery Requirements. At the Effective Time, the Shareholders shall deliver to Republic the certificates ("Certificates") representing the Alamo Common Stock, the Alamo Canada Common Stock, the Alamo Belgium Common Stock, the Territory Blue Common Stock, the Tower Common Stock, the Green Corn Common Stock, the Guy ▇▇▇▇▇▇ ▇▇▇mon Stock, the Alasys Common Stock, the Tripperoo Common Stock, the Rising Moon Common Stock, the Alamo (Puerto Rico) Common Stock, the Alamo Sales Common Stock, the Risk Management Common Stock, the Fleet Common Stock, the Alamo Leasing Common Stock, the Alamo Automobile Common Stock, the Alamo Shuttle Common Stock, the Tower Restaurants Common Stock, the Tower Food Common Stock and the Corporate Planners Common Stock (collectively, the "Company Common Stock"), duly endorsed in blank by the Shareholders, or accompanied by blank stock powers, and with all necessary transfer tax and other revenue stamps, acquired at the Republic Subsidiaries' expense, affixed and canceled. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.24(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of Republic Common Stock as provided by this Article II and the provisions of the Florida Statute and, in the case of Fleet and Alamo (Puerto Rico), the applicable laws of the State of New York and the State of Delaware, respectively.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Republic Industries Inc), Agreement and Plan of Reorganization (Republic Industries Inc)

Certificate Delivery Requirements. At the Effective Time, the Shareholders shall deliver to Republic the certificates ("Certificates") representing the Alamo Common Stock, the Alamo Canada Common Stock, the Alamo Belgium Common Stock, the Territory Blue Common Stock, the Tower Common Stock, the Green Corn Common Stock, the Guy ▇▇▇ ▇▇▇▇▇▇ ▇▇▇mon Common Stock, the Alasys Common Stock, the Tripperoo Common Stock, the Rising Moon Common Stock, the Alamo (Puerto Rico) Common Stock, the Alamo Sales Common Stock, the Risk Management Common Stock, the Fleet Common Stock, the Alamo Leasing Common Stock, the Alamo Automobile Common Stock, the Alamo Shuttle Common Stock, the Tower Restaurants Common Stock, the Tower Food Common Stock and the Corporate Planners Common Stock (collectively, the "Company Common Stock"), duly endorsed in blank by the Shareholders, or accompanied by blank stock powers, and with all necessary transfer tax and other revenue stamps, acquired at the Republic Subsidiaries' expense, affixed and canceled. The Certificates so delivered shall forthwith be canceled. Until delivered as contemplated by this Section 2.24(b), each Certificate shall be deemed at any time after the Effective Time to represent the right to receive upon such surrender the number of shares of Republic Common Stock as provided by this Article II and the provisions of the Florida Statute and, in the case of Fleet and Alamo (Puerto Rico), the applicable laws of the State of New York and the State of Delaware, respectively.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Guy Salmon Usa LTD)