Common use of Termination of Exchange Agent Clause in Contracts

Termination of Exchange Agent. Any certificates representing shares of Parent Common Stock deposited with the Exchange Agent pursuant to Section 3.2(a) and not exchanged within one year after the Effective Time pursuant to this Section 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 two years from the Effective Time shall be returned to Parent, 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 3 contracts

Samples: Agreement and Plan of Merger (Innovative Payment Solutions, Inc.), Agreement and Plan of Merger (Lendingtree Inc), Agreement and Plan of Merger (Usa Interactive)

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Termination of Exchange Agent. Any certificates representing shares of Parent Common Stock Shares deposited with the Exchange Agent pursuant to Section 3.2(a2.2(a) and not exchanged within one year six months after the Effective Time pursuant to this Section 3.2 2.2 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 two years one year from the Effective Time shall be returned to Parentthe Surviving Corporation, 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 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)

Termination of Exchange Agent. Any certificates representing shares of Parent Common Stock deposited with the Exchange Agent pursuant to Section 3.2(a2.2(a) and not exchanged within one year six months after the Effective Time pursuant to this Section 3.2 2.2 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent. All funds or securities cash held by the Exchange Agent for payment to the holders of unsurrendered Certificates and unclaimed at the end of two years six months from the Effective Time shall be returned to Parent, after which time any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of such funds or securities 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 shares of Parent Common Stock deposited with the Exchange Agent pursuant to Section 3.2(a) and not exchanged within one year six months after the Effective Time pursuant to this Section 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 two years one year from the Effective Time shall be returned to Parent, 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 dueis entitled, subject to applicable law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger And (Ask Jeeves Inc), Agreement and Plan of Merger and Reorganization (Iac/Interactivecorp)

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Termination of Exchange Agent. Any certificates representing shares of Parent Common Stock Shares deposited with the Exchange Agent pursuant to Section 3.2(a2.2(a) and not exchanged within one year six months after the Effective Time pursuant to this Section 3.2 2.2 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 in lieu of fractional shares, and unclaimed at the end of two years one year from the Effective Time shall be returned to Parentthe Company, 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 1 contract

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

Termination of Exchange Agent. Any certificates representing shares of ----------------------------- Parent Common Stock Shares deposited with the Exchange Agent pursuant to Section 3.2(a2.02(a) and not exchanged within one year six months after the Effective Time pursuant to this Section 3.2 2.02 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 two years one year from the Effective Time shall be returned to Parentthe Surviving Corporation, 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 1 contract

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

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