Termination of Exchange Agent. Any Merger Consideration made available to the Exchange Agent pursuant to Section 1.7(b) and not exchanged within six months after the Effective Time pursuant to this Section 1.7 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent, and thereafter any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of any funds to which such holder may be due, subject to applicable law.
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Samples: Merger Agreement (Eastern Enterprises), Merger Agreement (Energynorth Inc)
Termination of Exchange Agent. Any Merger Consideration made available to the Exchange Agent pursuant to Section 1.7(b2.02(b) and not exchanged within six twelve months after the Effective Time pursuant to this Section 1.7 2.02 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent, and thereafter any holder of unsurrendered Certificates shall look as a general creditor only to Parent for payment of any funds to which such holder may be due, subject to applicable law.
Appears in 2 contracts
Samples: Merger Agreement (Hannaford Brothers Co), Merger Agreement (Food Lion Inc)
Termination of Exchange Agent. Any Merger Consideration made available to the Exchange Agent pursuant to Section 1.7(b2.02(b) and not exchanged within six twelve (12) months after the Effective Time pursuant to this Section 1.7 2.02 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent, and thereafter any holder of unsurrendered SNC Certificates shall look as a general creditor only to Parent for payment of any funds to which such holder may be due, subject to applicable law.
Appears in 2 contracts
Samples: Merger Agreement (Snyder Communications Inc), Agreement and Plan of Merger (Zuckerman Mortimer B)
Termination of Exchange Agent. Any Merger Consideration made ----------------------------- available to the Exchange Agent pursuant to Section 1.7(b2.02(b) and not exchanged within six twelve (12) months after the Effective Time pursuant to this Section 1.7 2.02 shall be returned by the Exchange Agent to Parent, which shall thereafter act as Exchange Agent, and thereafter any holder of unsurrendered xxxxxx.xxx Certificates shall look as a general creditor only to Parent for payment of any funds to which such holder may be due, subject to applicable law.
Appears in 1 contract
