Common use of Delivery of Company Common Stock and Closing Merger Consideration Clause in Contracts

Delivery of Company Common Stock and Closing Merger Consideration. Prior to the Closing, the Parent will deliver to each of the Shareholders a letter of transmittal, in substantially the form attached hereto as Exhibits Exhibit 1.7, to be used for the purpose of surrendering Stock Certificates to the Parent in exchange for the right to receive the Final Per Share Cash Amount and the Final Per Share Common Stock Amount for each Converted Share evidenced by such Stock Certificate. All of the Company Common Stock held by the Shareholders will be surrendered by the Shareholders to the Parent together with properly completed and executed letters of transmittal (with each such signature guaranteed by a commercial bank or notarized by a notary public or similar official reasonably satisfactory to the Parent), and the Parent (i) shall cause to be delivered to the Shareholders at the Closing the Closing Per Share Cash Amount (as defined in Exhibit 1 attached hereto) and (ii) shall notify and direct the Parent's stock transfer agent to prepare and deliver to the Shareholders certificates based on the Closing Per Share Common Stock Amount (as defined in Exhibit 1 attached hereto) applicable to each of the Converted Shares evidenced by the Stock Certificates properly surrendered (with properly executed and completed letters of transmittal) by the Shareholders to the Parent.

Appears in 2 contracts

Samples: Merger Agreement (Group Maintenance America Corp), Merger Agreement (Group Maintenance America Corp)

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Delivery of Company Common Stock and Closing Merger Consideration. Prior to the Closing, the Parent will deliver to each of the Shareholders Shareholder a letter of transmittal, in substantially the form attached hereto as Exhibits Exhibit 1.7, to be used for the purpose of surrendering the Stock Certificates to the Parent in exchange for the right to receive the Final Per Share Cash Preferred Stock Amount (or, in the case of Xx. Xxxxx Xxxxxxx and Xx. Xxxxx Xxxxxxx, Parent Preferred Stock and/or cash) and the Final Per Share Common Stock Amount for each Converted Share evidenced by such Stock Certificate. All of the Company Common Stock held by the Shareholders will be surrendered by the Shareholders to the Parent together with properly completed and executed letters of transmittal (with each such signature guaranteed by a commercial bank or notarized by a notary public or similar official reasonably satisfactory to the Parent), and the Parent (i) shall cause to be delivered to the Shareholders at the Closing the Closing Per Share Cash Preferred Stock Amount (as defined in Exhibit 1 attached hereto) and (ii) shall notify and direct the Parent's stock transfer agent to prepare and deliver to the Shareholders certificates based on the Closing Per Share Common Stock Amount (as defined in Exhibit 1 attached hereto) applicable to each of the Converted Shares evidenced by the Stock Certificates properly surrendered (with properly executed and completed letters of transmittal) by the Shareholders each Shareholder to the Parent.

Appears in 1 contract

Samples: Merger Agreement (Group Maintenance America Corp)

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Delivery of Company Common Stock and Closing Merger Consideration. Prior to the Closing, the Parent will deliver to each of the Shareholders Shareholder a letter of transmittal, in substantially the form attached hereto as Exhibits Exhibit 1.7, to be used for the purpose of surrendering Stock Certificates to the Parent Stock Certificates in exchange for the right to receive the Final Per Share Cash Amount and the Final Per Share Common Stock Amount for each Converted Share evidenced by such Stock Certificate. All of the Company Common Stock held by the Shareholders will be surrendered by the Shareholders to the Parent together with properly completed and executed letters of transmittal (with each such signature guaranteed by a commercial bank or notarized by a notary public or similar official reasonably satisfactory to the Parent), and the Parent (i) shall cause to be delivered to the Shareholders at the Closing the Closing Per Share Cash Amount (as defined in Exhibit 1 attached hereto) and (ii) shall notify and direct the Parent's stock transfer agent to prepare and deliver to the Shareholders certificates based on the Closing Per Share Common Stock Amount (as defined in Exhibit 1 attached hereto) applicable to each of the Converted Shares evidenced by the Stock Certificates properly surrendered (with properly executed and completed letters of transmittal) by the Shareholders each Shareholder to the Parent.

Appears in 1 contract

Samples: Merger Agreement (Group Maintenance America Corp)

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