Common use of Distributions with Respect to Unexchanged Shares Clause in Contracts

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such shares of Company Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Common Stock.

Appears in 4 contracts

Sources: Merger Agreement (Oryx Energy Co), Merger Agreement (Oryx Energy Co), Merger Agreement (Kerr McGee Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Acquiror Common Stock issuable with a record date after respect to the Effective Time shares of Company Stock shall be paid to the holder of any unsurrendered Certificate with respect to the certificates or book-entry shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate those certificates or book-entry shares are surrendered as provided in accordance with Section 2.2this Article 3. Subject to the effect of applicable laws, following surrender of any such CertificateUpon surrender, there shall be issued and/or paid to such the holder of the shares of Company Acquiror Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time theretofore and a payment date on or prior to the date of this surrender and not previously paid with respect to such shares of Company Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Company Common Stocksurrender.

Appears in 3 contracts

Sources: Merger Agreement (Digital Angel Corp), Merger Agreement (Applied Digital Solutions Inc), Merger Agreement (Applied Digital Solutions Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Trenwick Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the Effective Time represented shares of Company Chartwell Common Stock that such holder would be entitled which have been converted pursuant to receive upon Section 2.1, until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2this Article II. Subject to the effect of applicable laws, following Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such the number of whole shares of Company Trenwick Common StockStock into which the shares of Chartwell Common Stock represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 2.1, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company Trenwick Common Stock.

Appears in 3 contracts

Sources: Merger Agreement (Chartwell Re Holdings Corp), Merger Agreement (Chartwell Re Corp), Merger Agreement (Trenwick Group Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Holdco Class A Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Holdco Class A Common Stock that such holder would be entitled to receive issuable upon surrender thereof until the surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2this Article II. Subject to the effect of applicable lawsLaw, following surrender of any such Certificate, there shall be paid to such the holder of the certificate representing whole shares of Company Holdco Class A Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company Holdco Class A Common Stock, Stock and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Holdco Class A Common Stock.

Appears in 3 contracts

Sources: Merger Agreement (Time Warner Inc/), Merger Agreement (Cdnow Inc/Pa), Merger Agreement (Time Warner Inc/)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Chancellor Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the Effective Time represented shares of Company LIN Common Stock that such holder would be entitled which have been converted pursuant to receive upon Section 1.8, until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following this Article I. Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such the number of whole shares of Company Chancellor Common StockStock into which the shares of LIN Common Stock represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 1.8, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company Chancellor Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (WTNH Broadcasting Inc), Merger Agreement (Chancellor Media Corp of Los Angeles)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Public Company Common Stock with a record date after the Effective Time of the Merger shall be paid to the holder of any unsurrendered Certificate certificate with respect to Cirracor Stock or Company Stock represented thereby, if any, and all such dividends and other distributions shall be paid by the shares of Public Company Common Stock that such holder would be entitled to receive upon the Exchange Agent, until the surrender of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2herewith. Subject to the effect of applicable escheat or similar laws, following surrender of any such Certificate, certificate there shall be paid to such the holder of shares of whole Public Company Common Stock issuable Shares issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time of the Merger theretofore paid with respect to such shares of whole Public Company Common Stock, Shares and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time of the Merger but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of whole Public Company Common StockShares.

Appears in 2 contracts

Sources: Merger Agreement (Cirracor Inc), Merger Agreement (Panda Ethanol, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.23.06. Subject to the effect of applicable lawsLaws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid but prior to such surrender and a payment date prior to such surrender payable with respect to such shares of Company Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Midwest Banc Holdings Inc), Merger Agreement (Midwest Banc Holdings Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company HoldCo Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company HoldCo Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company HoldCo Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company HoldCo Common Stock, Stock and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company HoldCo Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Potomac Electric Power Co), Merger Agreement (Conectiv)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Acquiror Common Stock issuable with respect to the shares of Company Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate certificates until such holder shall surrender such Certificate those certificates are surrendered as provided in accordance with Section 2.2this ARTICLE 3. Subject to the effect of applicable laws, following surrender of any such CertificateUpon surrender, there shall be issued and/or paid to such the holder of the shares of Company Acquiror Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time theretofore and a payment date on or prior to the date of this surrender and not previously paid with respect to such shares of Company Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Company Common Stocksurrender.

Appears in 2 contracts

Sources: Merger Agreement (VeriChip CORP), Merger Agreement (Steel Vault Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Public Company Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to until the shares holder of Company Common Stock that such holder would be entitled to receive upon surrender record of such Certificate until such holder shall surrender such Certificate (or an affidavit of loss in lieu of such Certificate in accordance with Section 2.2(i)) in accordance with this Section 2.2. Subject to the effect of applicable lawsLaws, following surrender of any such CertificateCertificate (or an affidavit of loss in lieu of such Certificate in accordance with Section 2.2(i)), there shall be issued and paid to such the record holder of shares of Company Common Stock issuable in exchange thereforthe Certificate, without interest, (a) promptly after at the time of such surrender, surrender the amount of dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Public Company Common Stock, without interest, and (b) at the appropriate payment date, the amount of dividends or other distributions with having a record date after the Effective Time Time, but prior to such surrender and a payment date subsequent to such surrender that are payable with respect to such whole shares of Public Company Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Pieris Pharmaceuticals, Inc.), Merger Agreement (Pieris Pharmaceuticals, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Acquiror Common Stock issuable with a record date after respect to the Effective Time shares of Company Stock shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate Certificates until such holder shall surrender such Certificate those Certificates are surrendered as provided in accordance with Section 2.2this Article 3. Subject to the effect of applicable laws, following surrender of any such CertificateUpon surrender, there shall be issued and/or paid to such the holder of the shares of Company Acquiror Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time theretofore and a payment date on or prior to the date of this surrender and not previously paid with respect to such shares of Company Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions payable with respect to those shares of Acquiror Common Stock with a record date on or after the date of the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Company Common Stocksurrender.

Appears in 2 contracts

Sources: Merger Agreement (KiNRG, Inc.), Merger Agreement (Superior Silver Mines Inc)

Distributions with Respect to Unexchanged Shares. No ------------------------------------------------ dividends or other distributions declared or made after the Effective Time with respect to shares of Company Onvia Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Onvia Common Stock that such represented thereby below until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Onvia Common Stock issuable issued in exchange therefor, without interest, interest (a) promptly after at the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Onvia Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Onvia Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Onvia Com Inc), Merger Agreement (Onvia Com Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares common units of Company Common Stock ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇ or Holdco with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to until the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following the surrender of any such Certificate, there shall be paid to such the holder of shares the common units of Company Common Stock issuable ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇ or Holdco issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, surrender the amount of dividends or other distributions with a record date after the Effective Time theretofore paid (but withheld pursuant to the immediately preceding sentence) with respect to such shares common units of Company Common Stock▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇ or Holdco, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares common units of Company Common StockNewco M1, Newco H1 or Holdco.

Appears in 2 contracts

Sources: Combination Agreement (Hexion Specialty Chemicals, Inc.), Combination Agreement (Momentive Performance Materials Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Parent Common Stock that to which such holder would be is entitled to receive upon surrender until the holder of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, Certificate there shall be paid to such the record holder of the certificates representing whole shares of Company Parent Common Stock issuable issued in exchange therefor, without interest, (a) promptly after at the time of such surrender, the amount of any cash payable in lieu of a fractional share of Parent Common Stock to which such holder is entitled pursuant to subsection (e) below and the amount of dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Parent Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date Stock after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Parent Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Asi Solutions Inc), Merger Agreement (Aon Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Parent Common Stock that represented thereby, and no cash payment in lieu of fractional shares shall be paid to any such holder would be entitled pursuant to receive upon surrender of Section 1.4(e) hereof, until such Certificate until such holder shall surrender such Certificate has been surrendered in accordance with Section 2.2this Article II. Subject to the effect of applicable laws, following surrender of any such CertificateCertificate in accordance with this Article II, there shall be paid to such holder of shares of Company Common Stock issuable in exchange thereforthe recordholder thereof, without interest, (ai) promptly after the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid payable with respect to such whole shares of Company Parent Common Stock, Stock represented by such Certificate and not paid and/or (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time (but prior to before such surrender date) and a payment date subsequent to such surrender payable with respect to such whole shares of Company Parent Common StockStock issuable with respect to such Certificate.

Appears in 2 contracts

Sources: Merger Agreement (Tierone Corp), Merger Agreement (Tierone Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company the ATC Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company SpectraSite Common Stock that such represented thereby, until the holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of escheat, tax or other applicable lawsLaws, following surrender of any such Certificate, there shall be paid to such the holder of the certificates representing whole shares of Company ATC Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after the time of such surrenderpromptly, the amount of dividends or other distributions with a record date after the Effective Time and theretofore paid with respect to such whole shares of Company ATC Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions distributions, with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender occurring after surrender, payable with respect to such whole shares of Company ATC Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (American Tower Corp /Ma/), Merger Agreement (Spectrasite Inc)

Distributions with Respect to Unexchanged Shares. No Notwithstanding any other provisions of this Agreement, after the Effective Time no dividends or other distributions declared or made with respect to shares of Company Acquiror Common Stock with a record date after the Effective Time shall will be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Person holding a Certificate until such holder shall surrender such Certificate in accordance with Section 2.2is surrendered for exchange as provided herein. Subject to the effect of applicable laws, following surrender of any such CertificateCertificate by any holder thereof, there shall will be paid to such the holder of shares of Company Common Stock issuable the New Certificate issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid payable with respect to such shares the Acquiror Common Stock represented thereby, less the amount of Company Common Stockany withholding taxes which may be required thereon, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to the time of such surrender and a payment date subsequent to the time of such surrender payable with respect to such shares the Acquiror Common Stock represented thereby, less the amount of Company Common Stockany withholding taxes which may be required thereon.

Appears in 2 contracts

Sources: Merger Agreement (Valero Refining & Marketing Co), Merger Agreement (Valero Energy Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall will be paid to the holder of any unsurrendered Company Certificate with respect to the shares of Company Parent Common Stock that such holder would be entitled to receive upon surrender of such Certificate represented thereby until such holder shall surrender surrenders such Certificate in accordance with Section 2.2Company Certificate. Subject to the effect of applicable lawsescheat or similar Laws, following the surrender of any such Company Certificate, there shall be paid to such the record holder of shares of Company Common Stock issuable the Parent Certificates issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of any such dividends or other distributions with a record date after the Effective Time theretofore paid payable (but for the provisions of this Section 2.2(d)) with respect to such shares of Company Parent Common Stock, Stock and (bii) at the appropriate payment date, date the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Company whole Parent Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Fermavir Pharmaceuticals, Inc.), Merger Agreement (Inhibitex, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company WorldCom Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company WorldCom Common Stock that such holder would be entitled to receive upon surrender of such Certificate and no cash payment in lieu of fractional shares of WorldCom Common Stock shall be paid to any such holder pursuant to Section 2.5 until such holder shall surrender such Certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company WorldCom Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of any cash payable in lieu of fractional shares of WorldCom Common Stock to which such holder is entitled pursuant to Section 2.5 and the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company WorldCom Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company WorldCom Common Stock.

Appears in 2 contracts

Sources: Merger Agreement (Mci Communications Corp), Merger Agreement (Mci Communications Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company HSMG Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered un-surrendered Certificate with respect to the shares of Company HSMG Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.22.09. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company HSMG Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company HSMG Common Stock, Stock and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company HSMG Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Healthcare Solutions Management Group, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Purchaser Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Purchaser Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company Purchaser Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid but prior to such surrender and a payment date prior to such surrender payable with respect to such shares of Company Purchaser Common Stock, Stock and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Purchaser Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Cobalt Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company SynQuest Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company SynQuest Common Stock that such represented thereby, until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2this Article II. Subject to the effect of applicable escheat or similar laws, following surrender of any such Certificate, Certificate there shall be paid to such the holder of the Certificate representing whole shares of Company SynQuest Common Stock issuable issued in exchange therefor, without interest, : (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company SynQuest Common Stock, ; and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such whole shares of Company SynQuest Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Synquest Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Conseco Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the shares of Company Common Stock that such holder would be entitled Effective Time represented Shares which have been converted pursuant to receive upon Section 1.8, until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following this Article I. Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such the number of whole shares of Company Conseco Common StockStock into which the Shares represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 1.8, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company Conseco Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Transport Holdings Inc)

Distributions with Respect to Unexchanged Shares. No ------------------------------------------------ dividends or other distributions declared or made after the Effective Time with respect to shares of Company Common Stock Acquiror capital stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such Acquiror capital stock represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Common Stock issuable Acquiror capital stock issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Common StockAcquiror capital stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Common StockAcquiror capital stock.

Appears in 1 contract

Sources: Merger Agreement (Worldres Com Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company the Buyer Common Stock with constituting all or a record date after portion of the Effective Time Merger Consideration shall be paid to the holder of any unsurrendered Certificate with respect to the shares of certificate representing Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate certificates are surrendered as provided in accordance with this Section 2.2. Subject to the effect of applicable laws, following surrender of any such Certificatesurrender, there shall be paid to such holder of shares of Company Common Stock issuable in exchange thereforpaid, without interest, to the record holder of the certificates representing the Buyer Common Stock, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid payable prior to or on the date of such surrender with respect to such whole shares of Company Common Stock, and not paid, less the amount of any withholding taxes which may be required thereon, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such the date of surrender and a payment date subsequent to such the date of surrender payable with respect to such whole shares of Company Buyer Common Stock, less the amount of any withholding taxes which may be required thereon.

Appears in 1 contract

Sources: Merger Agreement (Commercial Net Lease Realty Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Purchaser Common Stock with a record date after the Effective Time shall will be paid to the holder of any unsurrendered Company Certificate with respect to the shares of Company Purchaser Common Stock that such holder would be entitled to receive upon surrender of such Certificate represented thereby until such holder shall surrender surrenders such Certificate in accordance with Section 2.2Company Certificate. Subject to the effect of applicable lawsescheat or similar Laws, following the surrender of any such Company Certificate, there shall be paid to such the record holder of shares of Company Common Stock issuable the Purchaser Certificates issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of any such dividends or other distributions with a record date after the Effective Time theretofore paid payable (but for the provisions of this Section 2.07(d)) with respect to such shares of Company Purchaser Common Stock, Stock and (bii) at the appropriate payment date, date the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Company whole Purchaser Common Stock.

Appears in 1 contract

Sources: Merger Agreement (MDRNA, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Conseco Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the shares of Company Common Stock that such holder would be entitled Effective Time represented Shares which have been converted pursuant to receive upon Section 7, until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2herewith. Subject to the effect of applicable laws, following Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such the number of whole shares of Company Conseco Common StockStock into which the Shares represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 7, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company Conseco Common Stock.

Appears in 1 contract

Sources: Plan of Merger (Conseco Inc Et Al)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Endosonics Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Endosonics Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Endosonics Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Endosonics Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Endosonics Common Stock, as the case may be.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Endosonics Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company BSQUARE Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company BSQUARE Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company BSQUARE Common Stock issuable issued in exchange therefor, without interest, interest (a) promptly after at the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company BSQUARE Common Stock, and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company BSQUARE Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Bsquare Corp /Wa)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company CSOC Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered un-surrendered Certificate with respect to the shares of Company CSOC Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.22.09. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company CSOC Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company CSOC Common Stock, Stock and (b) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company CSOC Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Cen Biotech Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable lawsLaws, following surrender of any such Certificate, there shall be paid to such the holder of the certificates representing whole shares of Company Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after the time of such surrenderpromptly, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions distributions, with a record date after the Effective Time Time, but prior to such surrender and a payment date subsequent to such surrender occurring after surrender, payable with respect to such whole shares of Company Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Baylake Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Parent Common Stock that such the holder would be thereof is entitled to receive upon surrender in respect thereof until the holder of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Parent Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Parent Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Parent Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Western Power & Equipment Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Acquiror Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Acquiror Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Acquiror Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of any dividends or other distributions with a record date after the Effective Time theretofore previously paid with respect to such whole shares of Company Acquiror Common Stock, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Acquiror Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Yahoo Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company NPD Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the Effective Time represented shares of Company GPC Common Stock that such holder would be entitled which have been converted pursuant to receive upon Section 2.1 ("Converted Shares"), until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2this Article 2. Subject to the effect of applicable laws, following Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid or payable with respect to such the number of whole shares of Company NPD Common Stock, Stock into which the shares of GPC Common Stock represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 2.1 and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company NPD Common Stock.

Appears in 1 contract

Sources: Merger Agreement (National Patent Development Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Common Stock with a record date after the Effective Time shall will be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Apro Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of applicable lawslaw, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Common Stock issuable issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company Common Stock, Stock and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Omni Bio Pharmaceutical, Inc.)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Parent Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2Certificate. Subject to the effect of unclaimed property, escheat and other applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of the certificates representing whole shares of Company Parent Common Stock issuable issued in exchange therefor, without interest, : (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company Parent Common Stock, ; and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Parent Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Owosso Corp)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Parent Common Stock that such represented thereby until the holder would be entitled to receive upon surrender of record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2this Article II. Subject to the effect of applicable escheat or similar laws, following surrender of any such Certificate, Certificate there shall be paid to such the holder of the certificate representing whole shares of Company Parent Common Stock issuable issued in exchange therefor, without interest, : (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Company Parent Common Stock, ; and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such whole shares of Company Parent Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Advanced Power Technology Inc)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made after the Effective Time with respect to shares of Company Common Stock Merger Shares with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares Merger Shares represented thereby until the holder of Company Common Stock that such holder would be entitled to receive upon surrender record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2as provided herein. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of shares of Company Common Stock issuable the certificates representing whole Merger Shares issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such shares of Company Common Stock, Merger Shares and (bii) at the appropriate payment date, the amount of dividends or other distributions distributions, if any, with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Common StockMerger Shares.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Computone Corporation)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares (of Company Common Stock Capital Stock) that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.21.13(c). Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such holder of shares of Company Parent Common Stock issuable in exchange therefor, without interest, (a) promptly after the time of such surrender, the amount of dividends or other distributions distributions, with a record and payment date after the Effective Time theretofore paid but prior to such surrender, payable with respect to such shares of Company Parent Common Stock, Stock and (b) at the appropriate payment date, the amount of dividends or other distributions distributions, with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender surrender, payable with respect to such shares of Company Parent Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Investools Inc)

Distributions with Respect to Unexchanged Shares. No Notwithstanding anything in this Agreement to the contrary, no dividends or other distributions declared or made on Acquiror Capital Stock shall be paid with respect to any shares of Company Common Capital Stock with represented by a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Company Common Stock that such holder would be entitled to receive upon surrender of such Certificate until such holder shall surrender such Stock Certificate in accordance with Section 2.2is surrendered for exchange as provided herein. Subject to the effect of applicable laws, following surrender of any such Stock Certificate, there shall be paid to such the holder of the certificates representing whole shares of Company Common Acquiror Capital Stock issuable issued in exchange therefor, without interest, : (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid payable with respect to such whole shares of Company Common StockAcquiror Capital Stock and not paid, less the amount of any withholding taxes which may be required thereon; and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of Company Common Acquiror Capital Stock, less the amount of any withholding taxes which may be required thereon.

Appears in 1 contract

Sources: Merger Agreement (Surgical Safety Products Inc)

Distributions with Respect to Unexchanged Shares. No dividends or ------------------------------------------------ other distributions declared or made after the Effective Time with respect to shares of Company Common Stock Merger Shares with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares Merger Shares represented thereby until the holder of Company Common Stock that such holder would be entitled to receive upon surrender record of such Certificate until such holder shall surrender such Certificate in accordance with Section 2.2as provided herein. Subject to the effect of applicable laws, following surrender of any such Certificate, there shall be paid to such the record holder of shares of Company Common Stock issuable the certificates representing whole Merger Shares issued in exchange therefor, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such shares of Company Common Stock, Merger Shares and (bii) at the appropriate payment date, the amount of dividends or other distributions distributions, if any, with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such shares of Company Common StockMerger Shares.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Computone Corporation)

Distributions with Respect to Unexchanged Shares. No dividends or other distributions declared or made with respect to shares of Company Conseco Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect certificate that immediately prior to the shares of Company Common Stock that such holder would be entitled Effective Time represented Shares which have been converted pursuant to receive upon Section 1.9, until the surrender for exchange of such Certificate until such holder shall surrender such Certificate certificate in accordance with Section 2.2. Subject to the effect of applicable laws, following this Article I. Following surrender for exchange of any such Certificatecertificate, there shall be paid to such the holder of shares of Company Common Stock issuable in exchange thereforsuch certificate, without interest, (ai) promptly after at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such the number of whole shares of Company Conseco Common StockStock into which the Shares represented by such certificate immediately prior to the Effective Time were converted pursuant to Section 1.9, and (bii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time Time, but prior to such surrender surrender, and with a payment date subsequent to such surrender surrender, payable with respect to such whole shares of Company Conseco Common Stock.

Appears in 1 contract

Sources: Merger Agreement (Conseco Inc Et Al)