Termination of Exchange Agent. All funds held by the Exchange Agent in the Exchange Fund for payment to the holders of Certificates unclaimed at the end of one year from the Effective Time shall be returned to the Surviving Corporation, after which time any holder of Certificates who has not theretofore complied with this Article II shall thereafter look as a general creditor only to Parent for payment of the Cash Consideration to which such holder may be due, subject to applicable law.
Appears in 3 contracts
Samples: Merger Agreement (United Water Resources Inc), Merger Agreement (Lyonnaise American Holding Inc Et Al), Merger Agreement (United Water Resources Inc)
Termination of Exchange Agent. All funds held by the Exchange Agent in the Exchange Fund for payment to the holders of unsurrendered Company Certificates and unclaimed at the end of one year from the Effective Time shall be returned to the Surviving CorporationParent, after which time any holder of unsurrendered Company Certificates who has not theretofore complied with this Article II shall thereafter look as a general creditor only to Parent for payment of the Cash Consideration such funds to which such holder may be due, subject to applicable law.
Appears in 2 contracts
Samples: Merger Agreement (Valley Resources Inc /Ri/), Merger Agreement (Southern Union Co)
Termination of Exchange Agent. All funds or securities held by the Exchange Agent in the Exchange Fund for payment to the holders of unsurrendered Certificates and unclaimed at on the end first anniversary of one year from the Effective Time shall be returned to the Surviving CorporationParent, after which time any holder of unsurrendered Certificates who has not theretofore complied with this Article II shall thereafter look as a general creditor only to Parent for payment of the Cash applicable Merger Consideration to which such holder may be due, subject to applicable law.
Appears in 1 contract
Samples: Merger Agreement (Owosso Corp)
Termination of Exchange Agent. All funds held by the Exchange Agent in the Exchange Fund 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 who has not theretofore complied with this Article II shall thereafter look as a general creditor only to Parent for payment of the Cash Consideration such funds to which such holder may be due, subject to applicable law.
Appears in 1 contract
Samples: Merger Agreement (Keyspan Corp)
