Common use of Termination of Exchange Agent Obligations Clause in Contracts

Termination of Exchange Agent Obligations. Parent Common Stock held by the Exchange Agent and Merger Warrants that have not been delivered to holders of Company Certificates within six months after the Effective Time shall promptly be paid or delivered, as appropriate, to Parent, and thereafter holders of Company Certificates who have not theretofore complied with the exchange procedures outlined in and contemplated by this Section 1.6 shall thereafter look only to Parent (subject to abandoned property, escheat and similar laws) for their claim for shares of Parent Common Stock and Merger Warrants and any dividends or distributions pursuant to Section 1.6(e) with respect to Parent Common Stock to which they are entitled.

Appears in 2 contracts

Samples: Merger Agreement (Juniper Partners Acquisition Corp.), Merger Agreement (Juniper Partners Acquisition Corp.)

AutoNDA by SimpleDocs

Termination of Exchange Agent Obligations. Parent Common Stock and Merger Warrants held by the Exchange Agent and Merger Warrants that have not been delivered to holders of Company Certificates within six months after the Effective Time shall promptly be paid or delivered, as appropriate, to Parent, and thereafter holders of Company Certificates who have not theretofore complied with the exchange procedures outlined in and contemplated by this Section 1.6 1.7 shall thereafter look only to Parent (subject to abandoned property, escheat and similar laws) for their claim for shares of Parent Common Stock and Merger Warrants and any dividends or distributions pursuant to Section 1.6(e1.7(e) with respect to Parent Common Stock to which they are entitled.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cea Acquisition Corp)

AutoNDA by SimpleDocs

Termination of Exchange Agent Obligations. Certificates for shares of Parent Common Stock held by the Exchange Agent and Merger Warrants that have not been delivered to holders of Company Certificates Instruments within six (6) months after the Effective Time shall promptly be paid or delivered, as appropriate, to Parent, and thereafter holders of Company Certificates Instruments who have not theretofore complied with the exchange procedures outlined in and contemplated by this Section 1.6 shall thereafter look only to Parent (subject to abandoned property, escheat and similar laws) for their claim for shares of Parent Common Stock and Merger Warrants and any dividends or distributions pursuant to Section 1.6(e) with respect to shares of Parent Common Stock to which they are entitled.

Appears in 1 contract

Samples: Merger Agreement (Ithaka Acquisition Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!