Exchange of Subscription Receipts Sample Clauses

Exchange of Subscription Receipts. (1) One or more Subscription Receipt Certificate(s) may, upon compliance with the requirements of the Subscription Receipt Agent, acting reasonably, be exchanged for one or more Subscription Receipt Certificates of different denomination(s) evidencing in the aggregate an equal number of Subscription Receipts as the number of Subscription Receipts represented by the Subscription Receipt Certificates being exchanged.
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Exchange of Subscription Receipts. The Subscription Receipts will automatically be exchanged for common shares of Xxxxx pursuant to the terms and conditions of the Subscription Receipts and the Subscription Receipt Agreement.
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Exchange of Subscription Receipts. If the Release Event occurs prior to the Termination Time, upon occurrence of the Release Event:
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Exchange of Subscription Receipts. If the Escrow Release Conditions are met prior to the Termination Time:
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Exchange of Subscription Receipts. 4.1 Automatic Exchange of Subscription Receipts 17 4.2 Issue of Units 18 4.3 Delivery of Conversion Notice 18 4.4 Effect of Deemed Exchange of Subscription Receipts 18 4.5 Fractions 18 4.6 Recording 18 4.7 Securities Restrictions 19
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Related to Exchange of Subscription Receipts

  • Exchange of Shares (a) As soon as practicable after the Effective Time, and in no event more than three business days thereafter, the Exchange Agent shall mail to each holder of record of a Certificate or Certificates who theretofore has not submitted such holder’s Certificate or Certificates with a properly completed Election Form, a form letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the Exchange Agent) and instructions for use in effecting the surrender of the Certificates in exchange for the Merger Consideration. The Company shall have the right to review both the letter of transmittal and the instructions prior to the Effective Time and provide reasonable comments thereon. After completion of the allocation procedure set forth in Section 1.5 and upon surrender of a Certificate or Certificates for exchange and cancellation to the Exchange Agent, together with a properly executed letter of transmittal or Election Form, as the case may be, the holder of such Certificate or Certificates shall be entitled to receive in exchange therefor (x) a certificate representing that number of whole shares of Parent Common Stock which such holder of Company Common Stock became entitled to receive pursuant to the provisions of Article I hereof and/or (y) a check representing the aggregate Per Share Cash Consideration and/or the amount of cash in lieu of fractional shares, if any, which such holder has the right to receive in respect of the Certificate or Certificates surrendered pursuant to the provisions of Article I, and the Certificate or Certificates so surrendered shall forthwith be cancelled. No interest will be paid or accrued on the Per Share Cash Consideration, the cash in lieu of fractional shares or the unpaid dividends and distributions, if any, payable to holders of Certificates.

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