Delivery of Transfer Instructions. Parent shall have delivered to its authorized transfer agent an irrevocable letter of instruction in a form reasonably satisfactory to Prize authorizing and directing the transfer to holders of shares of Prize Common Stock one or more Parent Certificates representing those shares of Parent Common Stock to be issued to such holders upon surrender of such holders' certificates representing such shares of Prize Common Stock.
Appears in 2 contracts
Sources: Merger Agreement (Prize Energy Corp), Merger Agreement (Magnum Hunter Resources Inc)
Delivery of Transfer Instructions. Parent shall have delivered to its authorized transfer agent an irrevocable letter of instruction in a form reasonably satisfactory to Prize authorizing and directing the transfer to holders of shares of Prize Common Stock and/or of Prize Preferred Stock one or more Parent Certificates representing those shares of Parent Common Stock and/or of Parent Preferred Stock to be issued to such holders as Merger Consideration upon surrender of such holders' certificates representing such shares of Prize Common Stock and/or of Prize Preferred Stock.
Appears in 1 contract