Common use of Mechanics of Exchange Clause in Contracts

Mechanics of Exchange. (a) At the Closing, each Shareholder shall surrender the certificate or certificates that immediately prior to the Closing represented the Shares (the "Certificates") to the exchange agent designated by YZL, duly executed by such Shareholder for transfer to YZL, in exchange for the Acquisition Shares and the Cash Component.

Appears in 4 contracts

Samples: Share Exchange Agreement (Universal Travel Group), Share Exchange Agreement (Universal Travel Group), Share Exchange Agreement (Universal Travel Group)

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Mechanics of Exchange. (a) At the Closing, each Shareholder shall surrender the certificate or certificates that immediately prior to the Closing represented the Shares owned by such Shareholder (the "Certificates") to the exchange agent designated by YZL, duly executed by such Shareholder for transfer to YZL, YZL in exchange for the Acquisition Shares and the Cash Component.

Appears in 1 contract

Samples: Share Exchange Agreement (Universal Travel Group)

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