Common use of Termination of Exchange Agent Clause in Contracts

Termination of Exchange Agent. Any certificates representing Parent Shares deposited with the Exchange Agent pursuant to Section 2.2(a) and not exchanged within six months after the Effective Time pursuant to this Section 2.2 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of one year from the Effective Time shall be returned to the Surviving Corporation, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds to which such holder may be due, subject to applicable law.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (CTG Resources Inc), Agreement and Plan of Merger (Energy East Corp), Agreement and Plan of Merger (Energy East Corp)

AutoNDA by SimpleDocs

Termination of Exchange Agent. Any certificates representing shares of Parent Shares Common Stock deposited with the Exchange Agent pursuant to Section 2.2(a3.2(a) and not exchanged within six months one year after the Effective Time pursuant to this Section 2.2 3.2 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds or securities held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of one year two years from the Effective Time shall be returned to the Surviving CorporationParent, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds or securities to which such holder may be due, subject to applicable law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lendingtree Inc), Agreement and Plan of Merger (Usa Interactive)

Termination of Exchange Agent. Any certificates representing shares of Parent Shares Common Stock deposited with the Exchange Agent pursuant to Section 2.2(a) and not exchanged within six months after the Effective Time pursuant to this Section 2.2 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds cash held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of one year six months from the Effective Time shall be returned to the Surviving CorporationParent, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds cash to which such holder may be due, due subject to applicable law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Robinson Nugent Inc), Agreement and Plan of Merger (Minnesota Mining & Manufacturing Co)

Termination of Exchange Agent. Any certificates representing Parent Shares deposited with the Exchange Agent pursuant to Section 2.2(a2.02(a) and not exchanged within six months after the Effective Time pursuant to this Section 2.2 2.02 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of one year from the Effective Time shall be returned to the Surviving Corporation, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds to which such holder may be due, subject to applicable law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Northeast Utilities System), Agreement and Plan of Merger (Northeast Utilities System)

AutoNDA by SimpleDocs

Termination of Exchange Agent. Any certificates representing ----------------------------- Parent Shares deposited with the Exchange Agent pursuant to Section 2.2(a2.02(a) and not exchanged within six months after the Effective Time pursuant to this Section 2.2 2.02 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of one year from the Effective Time shall be returned to the Surviving Corporation, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds to which such holder may be due, subject to applicable law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yankee Energy System Inc)

Termination of Exchange Agent. Any certificates representing Parent Shares deposited with the Exchange Agent pursuant to Section 2.2(a) and not exchanged within six months after the Effective Time pursuant to this Section 2.2 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds held by the Exchange Agent for payment to the holders of unsurrendered Certificates in lieu of fractional shares, and unclaimed at the end of one year from the Effective Time shall be returned to the Surviving CorporationCompany, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds to which such holder may be due, subject to applicable law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Essex County Gas Company)

Time is Money Join Law Insider Premium to draft better contracts faster.