Termination of Exchange Funds. Any portion of the Exchange Funds which remains undistributed to the holders of the Company Common Stock for one year after the Effective Time shall be delivered to CSLC or the Surviving Entity, upon demand by CSLC, and any holders of the Company Common Stock who have not theretofore surrendered their shares in accordance with this Article II and the instructions to the Election Forms thereafter shall look only to CSLC and the Surviving Entity for payment of their claim for the Merger Consideration, any cash in lieu of fractional Convertible Securities, and any dividends or other distributions with respect to Convertible Securities.
Appears in 4 contracts
Samples: Trust Agreement (Ilm Senior Living Inc /Va), Trust Agreement (Ilm Ii Senior Living Inc /Va), Agreement and Plan of Merger (Capital Senior Living Corp)
