Common use of Procedures for Surrender; No Interest Clause in Contracts

Procedures for Surrender; No Interest. Each Company Stockholder shall be entitled to receive the Per Share Merger Consideration in respect of each share of the Common Stock (other than with respect to any Excluded Shares and Dissenting Shares) represented by either (i) a Certificate (or a lost certificate affidavit) surrendered to the Paying Agent, together with a duly completed and validly executed Letter of Transmittal or and such other documents as may reasonably be requested by the Paying Agent or (ii) in the case of Book-Entry Shares, transfer to the Paying Agent of the Book-Entry Shares together with receipt of an Agent’s Message by the Paying Agent (or such other evidence, if any, of transfer as the Paying Agent may reasonably request). Until so surrendered or transferred (as applicable), and subject to the terms set forth in Section 2.6.4, each such share shall represent after the Effective Time for all purposes only the right to receive the Per Share Merger Consideration payable in respect thereof. No interest shall be paid or accrued on the cash payable upon the surrender or transfer of any share.

Appears in 2 contracts

Sources: Merger Agreement, Merger Agreement