Termination of Paying Agent. Any certificates representing Tribune Common Shares deposited with the Paying Agent pursuant to Section 3.2(a) and not exchanged within six months after the Effective Time pursuant this Section 3.2 shall be returned by the Paying Agent to Tribune, which shall thereafter act as Paying Agent. All funds held by the Paying Agent for payment to the holders of unsurrendered Company Common 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 Company Common Certificates shall look as a general creditor only to Tribune for payment of such funds to which such holder may be due, subject to applicable Law.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Tribune Co), Agreement and Plan of Merger (Times Mirror Co /New/), Agreement and Plan of Merger (Stinehart William Jr)
