Common use of Termination of Exchange Clause in Contracts

Termination of Exchange. Any portion of the shares of ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock that remains undistributed to the holders of Voluntarily Exchanged Units or Automatically Exchanged Units one (1) year after the Effective Date will be delivered to 808 Renewable, upon demand, and all holders of Voluntarily Exchanged Units or Automatically Exchanged Units who have not complied previously with this Section 2.8 thereafter will look only to 808 Renewable for payment of their claim for shares of ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock and any dividend or distribution with respect to such shares of ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock.

Appears in 1 contract

Sources: Agreement and Plan of Exchange (808 Renewable Energy Corp)

Termination of Exchange. Any portion of the shares of 8▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock that remains undistributed to the holders of Voluntarily Exchanged Units or Automatically Exchanged Units one (1) year after the Effective Date Time will be delivered to 808 Renewable, upon demand, and all holders of Voluntarily Exchanged Units or Automatically Exchanged Units who have not complied previously with this Section 2.8 thereafter will look only to 808 Renewable for payment of their claim for shares of 8▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock and any dividend or distribution with respect to such shares of 8▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Stock.

Appears in 1 contract

Sources: Agreement and Plan of Exchange (808 Renewable Energy Corp)