Common use of Delivery of Merger Consideration Clause in Contracts

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Capital Bank Financial Corp.), Agreement and Plan of Merger (Capital Bank Financial Corp.), Agreement and Plan of Merger (Southern Community Financial Corp)

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Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange and Paying Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (collectively, the “Holders”) of certificates representing shares of Company Common Stock whose shares (“Certificates”) that were converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, 2.1 (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange and Paying Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange and Paying Agent Agreement and Parent), the terms of which shall be reasonably acceptable to Company, (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate Certificate(s) and any dividends or other distributions to which such holder Holder is entitled pursuant to Section 2.14(c2.4(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Southside Bancshares Inc), Agreement and Plan of Merger (OmniAmerican Bancorp, Inc.)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 2.1 and any cash in lieu of fractional shares of Parent Acquiror Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Acquiror Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f3.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c3.3(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (People's United Financial, Inc.), Agreement and Plan of Merger (Danvers Bancorp, Inc.)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Yardville Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 3.1 and any cash in lieu of fractional shares of Parent Acquirer Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, Form (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”Certificates) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Acquirer Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f3.2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c3.2.3(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Yardville National Bancorp), Agreement and Plan of Merger (Yardville National Bancorp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable practicable, but no later than seven business days after the Effective Time, the Exchange Agent shall mail to each holder of record of a Company Stock Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Company Stock Certificate(s) shall pass, only upon delivery of Company Stock Certificate(s) (or affidavits of loss in lieu of such Certificate(s)certificates)) (the "Letter of Transmittal") to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Company Stock Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor upon surrender of such certificate in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Alamosa Holdings Inc), Agreement and Plan of Merger (Airgate PCS Inc /De/)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, Parent shall direct the Exchange Agent shall to mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (each, a “Holder,” and collectively, “Holders”) of certificates representing shares of Company Common Stock whose (each, a “Certificate”) and uncertificated shares were of Common Company Stock represented by book-entry form (“Book-Entry Shares”) that have been converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.8 and any cash in lieu of fractional shares of Parent Common Stock (subject to be issued or paid in consideration therefor who did not properly complete and submit an Election FormSection 1.9(d)) Section 1.9, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) or Book-Entry Share(s) shall pass, pass only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter or transfer of Transmittal”such Book-Entry Share(s) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed determined by the Exchange Agent Agreement and Parent and reasonably acceptable to the Company) (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) or Book-Entry Share(s) in exchange for the Merger Consideration and any cash in lieu of a fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate share and any dividends or distributions to which such holder Holder is entitled pursuant to Section 2.14(c2.2(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SOUTH STATE Corp), Agreement and Plan of Merger (Park Sterling Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (each, a “Holder,” and collectively, “Holders”) of certificates representing shares of Company Common Stock whose (each, a “Certificate”) and uncertificated shares were of Common Company Stock represented by book-entry form (“Book-Entry Shares”) that have been converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form1.8, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) or Book-Entry Share(s) shall pass, pass only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter or transfer of Transmittal”such Book-Entry Share(s) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and Parent) (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) or Book-Entry Share(s) in exchange for the Merger Consideration and any cash in lieu of a fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate share and any dividends or distributions to which such holder Holder is entitled pursuant to Section 2.14(c2.2(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (DNB Financial Corp /Pa/), Agreement and Plan of Merger (S&t Bancorp Inc)

Delivery of Merger Consideration. (a) As soon as reasonably practicable Promptly following the Effective Time, and in any event no later than five (5) Business Days after the Effective Time, Parent shall cause the Exchange Agent shall to mail to each holder of record of Certificate(scertificate(s) which immediately prior to the Effective Time represented outstanding representing shares of Company Common Stock whose shares were converted into the right to receive the Merger Consideration who theretofore has not submitted such holder’s Election Form pursuant to Section 2.7 and any cash in lieu of fractional 2.3 (all such certificates, together with certificate(s) representing shares of Parent Company Common Stock to be issued or paid in consideration therefor who did not properly complete and submit previously submitted with an Election Form, “Certificates”) (i) a letter of transmittal (which shall specify to the holders of Certificates that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) to the Exchange Agent in a form to be mutually agreed upon by Company and Parent (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement ), and (ii) instructions for use in surrendering Certificate(s) for shares in exchange for the Merger Consideration and Consideration, any cash amounts in lieu respect of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.2(e) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.2(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Isle of Capri Casinos Inc), Agreement and Plan of Merger (Eldorado Resorts, Inc.)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, but in any event within five Business Days, the Exchange Agent shall mail to each holder of record of Certificate(s) which that immediately prior to the Effective Time represented outstanding shares of the Company Common Stock whose shares that were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.5(c) and any cash in lieu of fractional shares of the Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Formany dividends and other distributions pursuant to Section 2.3(c), (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(sCertificates))) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by Parent and the Exchange Agent Agreement (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and Consideration, any cash in lieu of fractional shares of the Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate and any dividends or other distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ares Capital Corp), Agreement and Plan of Merger (Allied Capital Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Republic Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Citizens Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”"LETTER OF TRANSMITTAL") to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Citizens Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citizens Banking Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, Buyer shall cause the Exchange Agent shall to mail to each holder of record of Certificate(s) which that immediately prior to before the Effective Time represented outstanding shares of Company Common Stock whose shares were converted into the right to receive the Per Share Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”Certificates) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be approved by the Company and prescribed by the Exchange Agent Agreement (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Per Share Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate Certificate(s) and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alabama National Bancorporation)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record ("Holder") of Certificate(s) which that immediately prior to before the Effective Time represented outstanding shares of Company GB&T Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent SunTrust Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”Certificates) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement (the "Letter of Transmittal") and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent SunTrust Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.2(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.2(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gb&t Bancshares Inc)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, but no later than five (5) Business Days after the Effective Time, the Exchange and Paying Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (collectively, the “Holders”) of certificates representing shares of Company Common Stock whose shares (“Certificates”) that were converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, 2.1 (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange and Paying Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange and Paying Agent Agreement and Parent), the terms of which shall be reasonably acceptable to Company (the “Letter of Transmittal”), and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate and any dividends or other distributions to which such holder Holder is entitled pursuant to Section 2.14(c2.4(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southside Bancshares Inc)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company North Fork Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”"LETTER OF TRANSMITTAL") to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (North Fork Bancorporation Inc)

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Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company North Fork Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Capital One Financial Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Old Forge Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 3.1 and any cash in lieu of fractional shares of Parent Penseco Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, Form (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”Certificates) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement Agreement) (the "LETTER OF TRANSMITTAL") and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Penseco Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f3.2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c3.2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Penseco Financial Services Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (collectively, the “Holders”) of shares of Company Common Stock whose shares represented by certificates (“Certificates”) as well as those not represented by a Certificate (a “Book-Entry Share”), that were converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, 3.01(b): (i) a letter of transmittal (transmittal, which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and Agent, which shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and HEOP (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate Certificate, or, in the case of shares of Company Common Stock held as Book-Entry Shares, upon adherence to the procedures set forth in the Letter of Transmittal (which shall include customary provisions with respect to delivery of an “agent’s message” with respect to Book-Entry Shares and to be in such form and have such provisions as HEOP and the Exchange Agent may reasonably require), and, if applicable, after the Effective Time, any dividends or distributions with respect to Company Common Stock to which such holder Holder is entitled pursuant to Section 2.14(c3.06(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mission Community Bancorp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Mercantile Bankshares Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent PNC Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”Certificates) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement (the "LETTER OF TRANSMITTAL") and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent PNC Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (PNC Financial Services Group Inc)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding (collectively, the “Holders”) of shares of Company Common Stock whose shares represented by certificates (“Certificates”) as well as those not represented by a Certificate (a "Book-Entry Share"), that were converted into the right to receive the Merger Consideration pursuant to Section 2.7 and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, 3.01(b): (i) a letter of transmittal (transmittal, which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and Agent, which shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and HEOP (the “Letter of Transmittal”) and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f) upon surrender of such Certificate Certificate, or, in the case of shares of Company Common Stock held as Book-Entry Shares, upon adherence to the procedures set forth in the Letter of Transmittal (which shall include customary provisions with respect to delivery of an “agent’s message” with respect to Book-Entry Shares and to be in such form and have such provisions as HEOP and the Exchange Agent may reasonably require), and, if applicable, after the Effective Time, any dividends or distributions with respect to Company Common Stock to which such holder Holder is entitled pursuant to Section 2.14(c3.06(c).

Appears in 1 contract

Samples: Voting and Support Agreement (Heritage Oaks Bancorp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Hibernia Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s)certificates)) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Capital One Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Capital One Financial Corp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company IB Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 2.4 and any cash in lieu of fractional shares of Parent SAB Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent SAB Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.11(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.11(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sun American Bancorp)

Delivery of Merger Consideration. (a) As soon as reasonably practicable after the Effective Time, the Exchange Agent shall mail to each holder of record of Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Republic Common Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Citizens Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificate(s) shall pass, only upon delivery of Certificate(s) (or affidavits of loss in lieu of such Certificate(s))) (the "Letter of Transmittal") to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Citizens Common Stock to be issued or paid in consideration therefor in accordance with Section 2.14(f2.3(f) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(c).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Republic Bancorp Inc)

Delivery of Merger Consideration. (a) As soon as reasonably practicable practicable, but no later than five (5) business days after the Effective Time, the Exchange Agent shall mail to each holder of record of a Bank Stock Certificate(s) which immediately prior to the Effective Time represented outstanding shares of Company Bank Common Stock or Series A Preferred Stock whose shares were converted into the right to receive the Merger Consideration pursuant to Section 2.7 1.4 and any cash in lieu of fractional shares of Parent Purchaser Common Stock to be issued or paid in consideration therefor who did not properly complete and submit an Election Form, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Bank Stock Certificate(s) shall pass, only upon delivery of Bank Stock Certificate(s) (or affidavits of loss in lieu of such Certificate(s))certificates) (the “Letter of Transmittal”) to the Exchange Agent and shall be substantially in such form and have such other provisions as shall be prescribed by the Exchange Agent Agreement and (ii) instructions for use in surrendering Bank Stock Certificate(s) in exchange for the Merger Consideration and any cash in lieu of fractional shares of Parent Purchaser Common Stock to be issued or paid in consideration therefor upon surrender of such certificate in accordance with Section 2.14(f2.3(g) upon surrender of such Certificate and any dividends or distributions to which such holder is entitled pursuant to Section 2.14(c2.3(d).

Appears in 1 contract

Samples: Merger Agreement (BankUnited, Inc.)

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