Exchange of Company Certificates. (a) As soon as practicable, the Parent shall designate the Exchange Agent to act as agent for the holders of Shares to receive in trust the shares of Parent Common Stock, funds to be paid for fractional shares and funds to pay the Cash Merger Consideration, to which holders of the Shares shall become entitled pursuant to this Article 3. From time to time after the Effective Time, the Parent shall deposit, or cause to be deposited, with the Exchange Agent for the benefit of holders of Shares the aggregate consideration to which such holders shall be entitled at the Effective Time pursuant to Section 3.1.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Legato Systems Inc), Agreement and Plan of Merger (Legato Systems Inc), Agreement and Plan of Merger (Otg Software Inc)
Exchange of Company Certificates. (a) As soon as practicable, the Parent shall designate the Exchange Agent to act as agent for the holders of Shares of, and to receive in trust trust, the shares of Parent Common Stock, funds to be paid for fractional shares Stock and funds to pay the Cash Merger Consideration, to which holders of the Shares such shares shall become entitled pursuant to this Article 3. From time to time after At the Effective Time, the Parent shall deposit, or cause to be deposited, with the Exchange Agent for the benefit of holders of Shares such shares the aggregate consideration to which such holders shall be entitled at the Effective Time pursuant to Section 3.13.1 (the "Exchange Fund").
Appears in 2 contracts
Samples: Iii Agreement and Plan of Merger (Valueclick Inc/Ca), Agreement and Plan of Merger (Be Free Inc)
