Common use of Surrender of Share Certificates Clause in Contracts

Surrender of Share Certificates. After the Effective Date, the shareholders of the Amalgamating Corporations shall, when requested by the Corporation, surrender for cancellation the certificates representing the shares held by them in the Amalgamating Corporations and shall be entitled to receive certificates for shares of the Corporation as herein provided. After the Effective Time, certificates formerly representing the shares of the Amalgamating Corporations shall represent only the right to receive certificates representing the shares of the Corporation into which such shares of the Amalgamating Corporation have been converted in accordance with paragraph 11 of this Agreement, together with any dividends paid or distributions made in respect thereof and any interest accrued on such dividends and distributions.

Surrender of Share Certificates. After the Effective Date, the shareholders of the Amalgamating Corporations shall, when requested by the Corporation, surrender for cancellation the certificates representing the shares held by them in the Amalgamating Corporations and shall be entitled to receive certificates for shares of the Corporation as herein provided. After the Effective Time, certificates formerly representing the shares of the Amalgamating Corporations shall represent only the right to receive certificates representing the shares of the Corporation into which such shares of the Amalgamating Corporation Shares have been converted in accordance with paragraph 11 of this Agreement, together with any dividends paid or distributions made in respect thereof and any interest accrued on such dividends and distributions.