Common use of Surrender of Certificates Representing Shares Clause in Contracts

Surrender of Certificates Representing Shares. At the Lion Effective Time, the stockholders of Lion, upon surrender to Parent's transfer agent of one or more certificates in valid form representing the shares of Lion Common Stock, duly endorsed in blank or accompanied by duly executed stock powers, shall be entitled to receive the consideration set forth in Section 2.7(b) in respect of the shares of capital stock represented by such certificates. Until so surrendered, each such certificate shall, after the Lion Effective Time, represent for all purposes only the right to receive such consideration as set forth in Section 2.7(b).