Common use of Exchange Mechanics Clause in Contracts

Exchange Mechanics. Prior to the Effective Time, the Company shall designate a bank or trust company reasonably satisfactory to Parent to act as exchange and paying agent in the Merger (the "Paying Agent"). The Paying Agent shall make the payments contemplated by Section 1.

Exchange Mechanics. Prior to the Effective Time, the Company Parent shall designate a bank or trust company reasonably satisfactory to Parent the Company to act as exchange and paying agent Exchange Agent in the Merger (the "Paying Exchange Agent"). The Paying At or prior to the Effective Time, and from time to time thereafter, Parent will take all steps necessary to enable and cause the Surviving Corporation to provide the Exchange Agent shall immediately available funds (the "Fund") necessary to make the payments contemplated by Section 1.payments