Common use of Return of Exchange Fund Clause in Contracts

Return of Exchange Fund. Any portion of the Exchange Fund (including the proceeds of any investments thereof and any shares of Lexington Common Stock) that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust who have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of Lexington, the Trust, the Exchange Agent or any other person shall be liable to any former holder of Trust Shares for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, and cash in lieu of fractional shares (and to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Lexington Corporate Properties Inc), Agreement and Plan of Merger (Corporate Realty Income Trust I), Agreement and Plan of Merger (Lexington Corporate Properties Inc)

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Return of Exchange Fund. Any portion of the Exchange Fund (including the proceeds of any investments thereof and any shares of Lexington Common Buyer Stock) that remains unclaimed by the former shareholders stockholders of the Trust one Coplxx xxx year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount former stockholders of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust who Coplxx xxx have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, Buyer Stock and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of LexingtonBuyer, the TrustCoplxx, the xxe Exchange Agent or any other person shall be liable to any former holder of Trust Shares shares of Coplxx Xxxck for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, Buyer Stock and cash in lieu of fractional shares (and to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eastgroup Properties)

Return of Exchange Fund. Any portion of the Exchange Fund (including the proceeds of any investments thereof and any shares of Lexington Common Bradxxx Xxxmon Stock) that remains unclaimed by the former shareholders stockholders of the Trust one Tuckxx xxx year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount former stockholders of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust who Tuckxx xxx have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, Bradxxx Xxxmon Stock and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of LexingtonBradley, the TrustTucker, the Exchange Agent or any other person shall be liable to any former holder of Trust Shares shares of Tuckxx Xxxmon Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, Bradxxx Xxxmon Stock and cash in lieu of fractional shares (and plus, to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 1 contract

Samples: 6 Agreement and Plan of Merger (Bradley Real Estate Inc)

Return of Exchange Fund. Any portion of the Exchange Fund (including the proceeds of any investments thereof and any shares of Lexington Common StockBradxxx Xxxferred Stock and any dividends or distributions paid with respect thereto) that remains unclaimed by the former shareholders stockholders of the Trust MDI one year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount former stockholders of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust MDI who have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, Bradxxx Xxxferred Stock and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of LexingtonBradxxx, the TrustXXI, the Exchange Agent or any other person Person shall be liable to any former holder of Trust Shares shares of MDI Common Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person Person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person Person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, Bradxxx Xxxferred Stock and cash in lieu of fractional shares (and plus, to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bradley Real Estate Inc)

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Return of Exchange Fund. Any portion of the Exchange Fund (including ----------------------- the proceeds of any investments thereof and any shares of Lexington Common Buyer Stock) that remains unclaimed by the former shareholders stockholders of the Trust Xxxxxx one year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount former stockholders of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust Xxxxxx who have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, Buyer Stock and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of LexingtonBuyer, the TrustXxxxxx, the Exchange Agent or any other person shall be liable to any former holder of Trust Shares shares of Xxxxxx Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, Buyer Stock and cash in lieu of fractional shares (and to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Copley Properties Inc)

Return of Exchange Fund. Any portion of the Exchange Fund (including the proceeds of any investments thereof and any shares of Lexington Common StockXxxxxxx Preferred Stock and any dividends or distributions paid with respect thereto) that remains unclaimed by the former shareholders stockholders of the Trust MDI one year after the Effective Time shall be delivered to the Surviving Corporation. Any remaining amount former stockholders of the Cash Payment that remains unclaimed by the former shareholders of the Trust one year after the Effective Time shall be delivered to the Trust Advisor. Any former shareholders of the Trust MDI who have not theretofore complied with this Article 4 shall thereafter look only to (i) the Surviving Corporation for payment of their shares of Lexington Common Stock, Xxxxxxx Preferred Stock and cash in lieu of fractional shares (plus dividends and distributions to the extent set forth in Section 4.2(c), if any), as determined pursuant to this Agreement, and (ii) the Trust Advisor for payment of their allocable share of any remaining portion of the Cash Payment, in each case without any interest thereon. None of LexingtonXxxxxxx, the TrustMDI, the Exchange Agent or any other person Person shall be liable to any former holder of Trust Shares shares of MDI Common Stock for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar laws. In the event any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person Person claiming such Certificate to be lost, stolen or destroyed and, if required by the Surviving Corporation, the posting by such person Person of a bond in such reasonable amount as the Surviving Corporation may direct as indemnity against any claim that may be made against it with respect to such Certificate, the Exchange Agent or the Surviving Corporation or the Trust Advisor, as the case may be, will issue in exchange for such lost, stolen or destroyed Certificate the shares of Lexington Common Stock, the Cash Payment, Xxxxxxx Preferred Stock and cash in lieu of fractional shares (and plus, to the extent applicable, dividends and distributions payable pursuant to Section 4.2(c)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mid America Realty Investments Inc)

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