Exchange Agent Instructions. At the Effective Time, IDC shall instruct the Exchange Agent to issue the certificates representing the Merger Shares and pay the cash equivalent of the fractional Merger Shares to the Holders of Certificates that, immediately prior to the Effective Time, represented issued and outstanding shares of DWS Common Stock in accordance with the terms and conditions of this Article 3.
Appears in 2 contracts
Sources: Merger Agreement (Integrated Data Corp), Merger Agreement (Datawave Systems Inc)