Termination of Funds. Subject to applicable law, any portion of the Stock Merger Exchange Fund, and the Fractional Securities Fund that remains unclaimed by the former stockholders of the Company for one (1) year after the Effective Time shall be delivered to Parent, upon demand of Parent, and any former stockholder of the Company shall thereafter look only to Parent for payment of such stockholder's applicable claim for the Share Consideration for such stockholder's shares of Company Stock.
Appears in 3 contracts
Samples: Merger Agreement (Open Market Inc), Merger Agreement (Open Market Inc), Merger Agreement (Divine Inc)
Termination of Funds. Subject to applicable law, any portion of the Stock Merger Exchange Fund, the Cash Adjustment Payment, if any, and the Fractional Securities Fund that remains unclaimed by the former stockholders shareholders of the Company for one (1) year after the Effective Time shall be delivered to Parent, upon demand of Parent, and any former stockholder shareholder of the Company shall thereafter look only to Parent for payment of such stockholder's their applicable claim for the Share Consideration for such stockholder's shares of their Company StockShares.
Appears in 2 contracts
Samples: Merger Agreement (Divine Inc), Merger Agreement (Eshare Communications Inc)
Termination of Funds. Subject to applicable law, any portion of the Stock Merger Exchange Fund, and the Fractional Securities Fund that remains unclaimed by the former stockholders of the Company for one (1) year after the Effective Time shall be delivered to Parent, upon demand of Parent, and any former stockholder of the Company shall thereafter look only to Parent for payment of such stockholder's applicable claim for the Share Consideration for such stockholder's shares of Company Common Stock.
Appears in 2 contracts
Samples: Merger Agreement (Divine Inc), Merger Agreement (Eprise Corp)
