{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lqEX1xcjhMK", "uri": "/contracts/lqEX1xcjhMK#exchange-agent", "label": "Merger Agreement (Peregrine Systems Inc)", "score": 18.0, "published": true}, {"hash": "jU1JWrERHgL", "uri": "/contracts/jU1JWrERHgL#exchange-agent", "label": "Agreement and Plan of Reorganization (Forte Software Inc \\De\\)", "score": 18.0, "published": true}, {"hash": "j6qAyg7d2Bh", "uri": "/contracts/j6qAyg7d2Bh#exchange-agent", "label": "Merger Agreement (Network Associates Inc)", "score": 18.0, "published": true}], "size": 152, "snippet": "Parent shall select a bank or trust company reasonably acceptable to Company to act as the exchange agent (the \"EXCHANGE AGENT\") in the Merger.", "snippet_links": [{"key": "bank-or-trust-company", "type": "definition", "offset": [22, 43]}, {"key": "to-company", "type": "clause", "offset": [66, 76]}, {"key": "to-act", "type": "definition", "offset": [77, 83]}, {"key": "the-exchange-agent", "type": "clause", "offset": [87, 105]}, {"key": "the-merger", "type": "clause", "offset": [132, 142]}], "hash": "1669d54b9dcf37a36427ccf2ea1936bb", "id": 1}, {"samples": [{"hash": "dddwo1ui6O2", "uri": "/contracts/dddwo1ui6O2#exchange-agent", "label": "Merger Agreement (Cco Holdings LLC)", "score": 35.8665313721, "published": true}, {"hash": "bWMdHnQ0kBC", "uri": "/contracts/bWMdHnQ0kBC#exchange-agent", "label": "Merger Agreement (Liberty Broadband Corp)", "score": 35.8665313721, "published": true}, {"hash": "9l9Quz5y8O6", "uri": "/contracts/9l9Quz5y8O6#exchange-agent", "label": "Merger Agreement (Charter Communications, Inc. /Mo/)", "score": 35.8665313721, "published": true}], "size": 99, "snippet": "Prior to the Effective Time, Parent shall select an institution reasonably acceptable to the Company to act as the exchange agent (the \u201cExchange Agent\u201d) in the Merger for the purpose of exchanging Certificates and Book Entry Shares for the applicable Merger Consideration (including to pay to holders of such Certificates and Book Entry Shares cash in lieu of Fractional Shares, if any, pursuant to Section 2.6(f)). Prior to the Effective Time, Parent shall enter into or shall have entered into an exchange agent agreement with the Exchange Agent in a form reasonably acceptable to the Company, which agreement shall set forth the duties, responsibilities and obligations of the Exchange Agent consistent with the terms of this Agreement and such agreement shall be reasonably acceptable to the Company. Parent will make available to the Exchange Agent, at or prior to the Effective Time, a number of shares of Parent Class A Common Stock and Parent Preferred Stock sufficient to pay the aggregate Merger Consideration pursuant to Section 2.6(a) (such shares of Parent Class A Common Stock and Parent Preferred Stock, together with any cash in lieu of Fractional Shares, dividends or distributions with respect thereto, the \u201cExchange Fund\u201d). Promptly after the Effective Time and in any event within ten (10) Business Days after the Effective Time, Parent will cause the Exchange Agent to send to each holder of record (as of immediately prior to the Effective Time) of a Certificate (i) a letter of transmittal in customary form (which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon proper delivery of the Certificates to the Exchange Agent or by appropriate guarantee of delivery in the form customarily used in transactions of this nature from a member of a national securities exchange, a member of the Financial Industry Regulatory Authority, or a commercial bank or trust company in the United States) and shall have such other terms as shall be reasonably requested by the Company prior to the Closing for use in effecting delivery of shares of Company Common Stock or Company Preferred Stock to the Exchange Agent and (ii) instructions for effecting the surrender of Certificates in exchange for the Merger Consideration issuable and payable in respect thereof (including any cash in lieu of Fractional Shares pursuant to Section 2.6(f)) and any dividends or other distributions to which such holders are entitled pursuant to Section 2.7(d). Each holder of Book Entry Shares immediately prior to the Effective Time shall not be required to deliver a Certificate or an executed letter of transmittal to the Exchange Agent to receive the applicable Merger Consideration payable pursuant to Section 2.1 (including cash in lieu of any Fractional Shares pursuant to Section 2.6(f)). In lieu thereof, each holder of record of one or more Book Entry Shares may provide an \u201cagent\u2019s message\u201d in customary form with respect to any Book Entry Share (or such other evidence, if any, of transfer as the Exchange Agent may reasonably request).", "snippet_links": [{"key": "prior-to-the-effective-time", "type": "clause", "offset": [0, 27]}, {"key": "to-the-company", "type": "definition", "offset": [86, 100]}, {"key": "to-act", "type": "definition", "offset": [101, 107]}, {"key": "the-exchange-agent", "type": "clause", "offset": [111, 129]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [167, 185]}, {"key": "entry-shares", "type": "clause", "offset": [219, 231]}, {"key": "applicable-merger-consideration", "type": "definition", "offset": [240, 271]}, {"key": "holders-of", "type": "clause", "offset": [293, 303]}, {"key": "cash-in-lieu-of-fractional-shares", "type": "clause", "offset": [344, 377]}, {"key": "pursuant-to-section", "type": "definition", "offset": [387, 406]}, {"key": "entered-into", "type": "clause", "offset": [483, 495]}, {"key": "exchange-agent-agreement", "type": "clause", "offset": [499, 523]}, {"key": "obligations-of-the", "type": "clause", "offset": [661, 679]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [715, 738]}, {"key": "available-to", "type": "definition", "offset": [822, 834]}, {"key": "parent-class-a-common-stock", "type": "definition", "offset": [912, 939]}, {"key": "parent-preferred-stock", "type": "definition", "offset": [944, 966]}, {"key": "aggregate-merger-consideration", "type": "clause", "offset": [989, 1019]}, {"key": "dividends-or-distributions", "type": "clause", "offset": [1172, 1198]}, {"key": "exchange-fund", "type": "clause", "offset": [1226, 1239]}, {"key": "promptly-after-the-effective-time", "type": "clause", "offset": [1243, 1276]}, {"key": "days-after", "type": "definition", "offset": [1319, 1329]}, {"key": "send-to", "type": "definition", "offset": [1390, 1397]}, {"key": "holder-of-record", "type": "clause", "offset": [1403, 1419]}, {"key": "letter-of-transmittal", "type": "definition", "offset": [1491, 1512]}, {"key": "the-certificates", "type": "definition", "offset": [1615, 1631]}, {"key": "delivery-of-the", "type": "clause", "offset": [1661, 1676]}, {"key": "guarantee-of-delivery", "type": "definition", "offset": [1730, 1751]}, {"key": "national-securities-exchange", "type": "definition", "offset": [1831, 1859]}, {"key": "the-financial-industry-regulatory-authority", "type": "clause", "offset": [1873, 1916]}, {"key": "in-the-united-states", "type": "clause", "offset": [1956, 1976]}, {"key": "other-terms", "type": "clause", "offset": [1998, 2009]}, {"key": "by-the-company", "type": "clause", "offset": [2043, 2057]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [2058, 2078]}, {"key": "company-common-stock", "type": "definition", "offset": [2122, 2142]}, {"key": "company-preferred-stock", "type": "clause", "offset": [2146, 2169]}, {"key": "surrender-of-certificates", "type": "clause", "offset": [2232, 2257]}, {"key": "in-exchange", "type": "clause", "offset": [2258, 2269]}, {"key": "the-merger-consideration", "type": "clause", "offset": [2274, 2298]}, {"key": "distributions-to", "type": "clause", "offset": [2443, 2459]}, {"key": "to-receive", "type": "definition", "offset": [2699, 2709]}, {"key": "consideration-payable", "type": "definition", "offset": [2732, 2753]}, {"key": "section-21", "type": "clause", "offset": [2766, 2777]}, {"key": "record-of", "type": "clause", "offset": [2888, 2897]}, {"key": "with-respect-to", "type": "clause", "offset": [2979, 2994]}, {"key": "other-evidence", "type": "definition", "offset": [3025, 3039]}, {"key": "reasonably-request", "type": "definition", "offset": [3087, 3105]}], "hash": "faa0afc60cb256fceb3460df7140ec29", "id": 2}, {"samples": [{"hash": "l6PirEbC87m", "uri": "/contracts/l6PirEbC87m#exchange-agent", "label": "Agreement and Plan of Reorganization (Usweb Corp)", "score": 18.0, "published": true}, {"hash": "kGUrQjYR87P", "uri": "/contracts/kGUrQjYR87P#exchange-agent", "label": "Agreement and Plan of Reorganization (Usweb Corp)", "score": 18.0, "published": true}, {"hash": "jj4yfLpllpV", "uri": "/contracts/jj4yfLpllpV#exchange-agent", "label": "Agreement and Plan of Reorganization (Usweb Corp)", "score": 18.0, "published": true}], "size": 42, "snippet": "The Secretary of Parent or such other entity -------------- reasonably designated by Parent shall serve as exchange agent (the \"Exchange -------- Agent\") in the Merger. -----", "snippet_links": [{"key": "the-secretary", "type": "clause", "offset": [0, 13]}, {"key": "other-entity", "type": "definition", "offset": [32, 44]}, {"key": "by-parent", "type": "clause", "offset": [82, 91]}, {"key": "the-merger", "type": "clause", "offset": [157, 167]}], "hash": "2d106eb00bacf69095bcde0f8e2ff5bc", "id": 3}, {"samples": [{"hash": "kuFGkywAwCc", "uri": "/contracts/kuFGkywAwCc#exchange-agent", "label": "Merger Agreement", "score": 21.0, "published": true}, {"hash": "kJvS1jEhM9G", "uri": "/contracts/kJvS1jEhM9G#exchange-agent", "label": "Merger Agreement (Countrywide Financial Corp)", "score": 21.0, "published": true}, {"hash": "iqID7S6rUwW", "uri": "/contracts/iqID7S6rUwW#exchange-agent", "label": "Merger Agreement (Wachovia Corp New)", "score": 21.0, "published": true}], "size": 36, "snippet": "Prior to the Effective Time Parent shall appoint a bank or trust company Subsidiary of Parent or another bank or trust company reasonably acceptable to Company, or Parent\u2019s transfer agent, pursuant to an agreement (the \u201cExchange Agent Agreement\u201d) to act as exchange agent (the \u201cExchange Agent\u201d) hereunder.", "snippet_links": [{"key": "prior-to-the-effective-time", "type": "clause", "offset": [0, 27]}, {"key": "subsidiary-of", "type": "definition", "offset": [73, 86]}, {"key": "another-bank", "type": "definition", "offset": [97, 109]}, {"key": "to-company", "type": "clause", "offset": [149, 159]}, {"key": "transfer-agent", "type": "definition", "offset": [173, 187]}, {"key": "pursuant-to-an-agreement", "type": "definition", "offset": [189, 213]}, {"key": "exchange-agent-agreement", "type": "clause", "offset": [220, 244]}, {"key": "to-act", "type": "definition", "offset": [247, 253]}], "hash": "c6121fe8a6b709dfc504243c495d907c", "id": 4}, {"samples": [{"hash": "jThd0ZpNZL0", "uri": "/contracts/jThd0ZpNZL0#exchange-agent", "label": "Merger Agreement (Ikos Systems Inc)", "score": 21.0, "published": true}, {"hash": "76dReVgJxYZ", "uri": "/contracts/76dReVgJxYZ#exchange-agent", "label": "Merger Agreement (Active Voice Corp)", "score": 21.0, "published": true}, {"hash": "67hWf1Xw2R7", "uri": "/contracts/67hWf1Xw2R7#exchange-agent", "label": "Merger Agreement (Dairy Fresh Farms Inc.)", "score": 19.0, "published": true}], "size": 34, "snippet": "Parent's transfer agent shall act as exchange agent (the \"Exchange Agent\") in the Merger.", "snippet_links": [{"key": "transfer-agent-shall", "type": "clause", "offset": [9, 29]}, {"key": "the-merger", "type": "clause", "offset": [78, 88]}], "hash": "a351728d68091fe822f67351f0edb266", "id": 6}, {"samples": [{"hash": "fnvWLa2jkVF", "uri": "/contracts/fnvWLa2jkVF#exchange-agent", "label": "Merger Agreement (Renaissancere Holdings LTD)", "score": 25.9007530212, "published": true}, {"hash": "3c6ngEIHbWk", "uri": "/contracts/3c6ngEIHbWk#exchange-agent", "label": "Merger Agreement (Platinum Underwriters Holdings LTD)", "score": 25.8952770233, "published": true}], "size": 33, "snippet": "Prior to the Effective Time, Parent shall (i) select a bank or trust company, reasonably acceptable to the Company, to act as the paying and exchange agent in the Merger (the \u201cExchange Agent\u201d) and (ii) enter into an exchange agent agreement with the Exchange Agent (the \u201cExchange Agent Agreement\u201d).", "snippet_links": [{"key": "prior-to-the-effective-time", "type": "clause", "offset": [0, 27]}, {"key": "bank-or-trust-company", "type": "definition", "offset": [55, 76]}, {"key": "to-the-company", "type": "definition", "offset": [100, 114]}, {"key": "to-act", "type": "definition", "offset": [116, 122]}, {"key": "paying-and-exchange-agent", "type": "definition", "offset": [130, 155]}, {"key": "the-merger", "type": "clause", "offset": [159, 169]}, {"key": "exchange-agent-agreement", "type": "clause", "offset": [216, 240]}, {"key": "the-exchange-agent", "type": "clause", "offset": [246, 264]}], "hash": "69db503ba93b4425c721e66bd4e79b10", "id": 8}, {"samples": [{"hash": "kKsPo5b7PJ3", "uri": "/contracts/kKsPo5b7PJ3#exchange-agent", "label": "Merger Agreement (Predictive Systems Inc)", "score": 18.0, "published": true}, {"hash": "jmTh0L2Sgvv", "uri": "/contracts/jmTh0L2Sgvv#exchange-agent", "label": "Agreement and Plan of Reorganization (Neurocrine Biosciences Inc)", "score": 18.0, "published": true}, {"hash": "hiI0YKnJWVg", "uri": "/contracts/hiI0YKnJWVg#exchange-agent", "label": "Agreement and Plan of Reorganization (Goamerica Inc)", "score": 18.0, "published": true}], "size": 32, "snippet": "American Stock Transfer & Trust Company shall act as exchange agent (the \"Exchange Agent\") in the Merger.", "snippet_links": [{"key": "stock-transfer", "type": "clause", "offset": [9, 23]}, {"key": "trust-company", "type": "clause", "offset": [26, 39]}, {"key": "the-merger", "type": "clause", "offset": [94, 104]}], "hash": "65effcc6d741ca044d8af9518088ad1f", "id": 9}, {"samples": [{"hash": "9WWiP1zmoN1", "uri": "/contracts/9WWiP1zmoN1#exchange-agent", "label": "Preferred Shares Rights Agreement (Quickturn Design Systems Inc)", "score": 18.0, "published": true}, {"hash": "6m9iiOXy5lP", "uri": "/contracts/6m9iiOXy5lP#exchange-agent", "label": "Merger Agreement (Quickturn Design Systems Inc)", "score": 18.0, "published": true}, {"hash": "3WJ6Vi94uDy", "uri": "/contracts/3WJ6Vi94uDy#exchange-agent", "label": "Merger Agreement (Quickturn Design Systems Inc)", "score": 18.0, "published": true}], "size": 31, "snippet": "Section 1.10(a)........", "snippet_links": [], "hash": "480ad2e21ee6be40da4efb32bcedfb1e", "id": 10}, {"samples": [{"hash": "lWaci8N236W", "uri": "/contracts/lWaci8N236W#exchange-agent", "label": "Merger Agreement", "score": 31.3408622742, "published": true}, {"hash": "rCd2L1K5j7", "uri": "/contracts/rCd2L1K5j7#exchange-agent", "label": "Merger Agreement (Twenty-First Century Fox, Inc.)", "score": 28.9534568787, "published": true}, {"hash": "fW4Jm1mmtHs", "uri": "/contracts/fW4Jm1mmtHs#exchange-agent", "label": "Merger Agreement (Walt Disney Co/)", "score": 28.950717926, "published": true}], "size": 35, "snippet": "At the First Effective Time, Parent shall deposit, or cause to be deposited, with an exchange agent selected by Parent with the Company\u2019s prior written approval, which shall not be unreasonably withheld or delayed (the \u201cExchange Agent\u201d), for the benefit of the holders of Shares (other than Excluded Shares), an aggregate number of shares of Parent Common Stock to be issued in uncertificated form or book-entry form comprising the amount required to be delivered pursuant to Section 2.01 in respect of Shares (other than Excluded Shares). In addition, Parent shall deposit, or cause to be deposited, with the Exchange Agent, as necessary from time to time after the First Effective Time, (i) any dividends or other distributions payable pursuant to Section 2.03(c) with respect to the Parent Common Stock issued pursuant to the Initial Merger with respect to Shares with a record and payment date after the First Effective Time and prior to the surrender of such Shares and (ii) cash in lieu of any fractional shares payable pursuant to Section 2.03(e). All shares of Parent Common Stock and cash, together with the amount of any dividends and distributions deposited with the Exchange Agent pursuant to this Section 2.03(a), shall hereinafter be referred to as the \u201cExchange Fund\u201d. The Exchange Agent shall invest the cash portion of the Exchange Fund as directed by Parent; provided that such investments shall be in obligations, funds or accounts typical for (including having liquidity typical for) transactions of this nature. To the extent that there are losses or any diminution of value with respect to such investments, or the Exchange Fund diminishes for any other reason below the level required to make prompt cash payment of any dividends or other distributions payable pursuant to Section 2.03(c) and any cash in lieu of any fractional shares payable pursuant to Section 2.03(e), Parent shall promptly replace or restore the cash in the Exchange Fund lost through such investments or other events so as to ensure that the Exchange Fund is at all times maintained at a level sufficient to make such cash payments. Any interest and other income resulting from such investment shall become a part of the Exchange Fund, and any amounts in excess of the amounts payable under this Section 2.03(a) shall be promptly returned to Parent.", "snippet_links": [{"key": "first-effective-time", "type": "definition", "offset": [7, 27]}, {"key": "to-be-deposited", "type": "definition", "offset": [60, 75]}, {"key": "an-exchange", "type": "clause", "offset": [82, 93]}, {"key": "by-parent", "type": "clause", "offset": [109, 118]}, {"key": "the-company", "type": "definition", "offset": [124, 135]}, {"key": "prior-written-approval", "type": "definition", "offset": [138, 160]}, {"key": "holders-of-shares", "type": "clause", "offset": [261, 278]}, {"key": "excluded-shares", "type": "definition", "offset": [291, 306]}, {"key": "issued-in", "type": "definition", "offset": [368, 377]}, {"key": "uncertificated-form", "type": "definition", "offset": [378, 397]}, {"key": "entry-form", "type": "definition", "offset": [406, 416]}, {"key": "amount-required", "type": "clause", "offset": [432, 447]}, {"key": "pursuant-to-section", "type": "definition", "offset": [464, 483]}, {"key": "in-respect-of", "type": "clause", "offset": [489, 502]}, {"key": "in-addition", "type": "clause", "offset": [540, 551]}, {"key": "the-exchange-agent", "type": "clause", "offset": [606, 624]}, {"key": "from-time-to-time", "type": "clause", "offset": [639, 656]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [697, 729]}, {"key": "with-respect-to", "type": "clause", "offset": [766, 781]}, {"key": "the-parent", "type": "clause", "offset": [782, 792]}, {"key": "common-stock-issued", "type": "clause", "offset": [793, 812]}, {"key": "the-initial-merger", "type": "clause", "offset": [825, 843]}, {"key": "payment-date", "type": "definition", "offset": [885, 897]}, {"key": "prior-to-the", "type": "clause", "offset": [933, 945]}, {"key": "in-lieu-of", "type": "clause", "offset": [985, 995]}, {"key": "shares-payable", "type": "clause", "offset": [1011, 1025]}, {"key": "all-shares", "type": "clause", "offset": [1055, 1065]}, {"key": "dividends-and-distributions", "type": "definition", "offset": [1131, 1158]}, {"key": "exchange-fund", "type": "clause", "offset": [1268, 1281]}, {"key": "agent-shall", "type": "definition", "offset": [1297, 1308]}, {"key": "cash-portion", "type": "definition", "offset": [1320, 1332]}, {"key": "as-directed", "type": "clause", "offset": [1354, 1365]}, {"key": "provided-that", "type": "definition", "offset": [1377, 1390]}, {"key": "funds-or-accounts", "type": "clause", "offset": [1433, 1450]}, {"key": "to-the-extent", "type": "clause", "offset": [1533, 1546]}, {"key": "diminution-of-value", "type": "definition", "offset": [1576, 1595]}, {"key": "for-any-other-reason", "type": "clause", "offset": [1662, 1682]}, {"key": "payment-of", "type": "clause", "offset": [1728, 1738]}, {"key": "other-events", "type": "definition", "offset": [1999, 2011]}, {"key": "to-ensure", "type": "clause", "offset": [2018, 2027]}, {"key": "at-all-times", "type": "clause", "offset": [2054, 2066]}, {"key": "cash-payments", "type": "clause", "offset": [2113, 2126]}, {"key": "other-income", "type": "definition", "offset": [2145, 2157]}, {"key": "resulting-from", "type": "definition", "offset": [2158, 2172]}, {"key": "amounts-payable", "type": "clause", "offset": [2264, 2279]}, {"key": "to-parent", "type": "definition", "offset": [2334, 2343]}], "hash": "19a41174568275fca82a1a0c772cae67", "id": 5}, {"samples": [{"hash": "36huyUcf48X", "uri": "/contracts/36huyUcf48X#exchange-agent", "label": "Merger Agreement (ConversionPoint Holdings, Inc.)", "score": 30.2840518951, "published": true}, {"hash": "gsYVrPlEPHo", "uri": "/contracts/gsYVrPlEPHo#exchange-agent", "label": "Merger Agreement (ConversionPoint Holdings, Inc.)", "score": 29.9582481384, "published": true}, {"hash": "hyewLYedes", "uri": "/contracts/hyewLYedes#exchange-agent", "label": "Merger Agreement (Inuvo, Inc.)", "score": 29.8432579041, "published": true}], "size": 33, "snippet": "Prior to the mailing of the Joint Proxy Statement/Prospectus, Parent shall appoint a bank or trust reasonably acceptable to CPT and Inuvo to act as exchange agent (the \u201cExchange Agent\u201d) for the payment of the CPT Merger Consideration and the Inuvo Merger Consideration and shall enter into an agreement (the \u201cExchange Agent Agreement\u201d) relating to the Exchange Agent\u2019s responsibilities under this Agreement, which Exchange Agent Agreement shall be subject to the reasonable approval of CPT and Inuvo. At or prior to the Effective Time, Parent shall deposit, or shall cause to be deposited, with the Exchange Agent for the benefit of the holders of CPT Common Stock and Inuvo Common Stock, for exchange in accordance with this Article III through the Exchange Agent (i) evidence of Parent Common Stock in book-entry or certificate form representing the number of shares of Parent Common Stock sufficient to deliver the applicable CPT Merger Consideration and Inuvo Stock Merger Consideration and (ii) an amount of cash sufficient to make the Inuvo Cash Merger Consideration and Fractional Share Cash Amount payments in accordance with Sections 3.2(a) and 3.2(b) (collectively, the \u201cExchange Fund\u201d). Parent further agrees to provide to the Exchange Agent, from time to time as needed, immediately available funds sufficient to pay any dividends and other distributions pursuant to Section 3.3(c). The Exchange Agent shall promptly deliver the applicable CPT Merger Consideration and Inuvo Merger Consideration from the Exchange Fund to the former CPT and Inuvo stockholders who are entitled thereto pursuant to Section 3.1 and Section 3.2. Except as contemplated by Section 3.3(c) and Section 3.3(e), the Exchange Fund shall not be used for any other purpose. Parent shall pay all charges and expenses, including those of the Exchange Agent, incurred by it in connection with (i) the exchange of CPT Common Stock for the CPT Merger Consideration, (ii) the exchange of Inuvo Common Stock for the Inuvo Merger Consideration, and (iii) other amounts contemplated by this Article III.", "snippet_links": [{"key": "joint-proxy-statement", "type": "definition", "offset": [28, 49]}, {"key": "a-bank", "type": "clause", "offset": [83, 89]}, {"key": "to-act", "type": "definition", "offset": [138, 144]}, {"key": "payment-of-the", "type": "clause", "offset": [194, 208]}, {"key": "an-agreement", "type": "clause", "offset": [290, 302]}, {"key": "exchange-agent-agreement", "type": "clause", "offset": [309, 333]}, {"key": "relating-to", "type": "definition", "offset": [336, 347]}, {"key": "the-exchange-agent", "type": "clause", "offset": [348, 366]}, {"key": "this-agreement", "type": "clause", "offset": [392, 406]}, {"key": "subject-to-the", "type": "definition", "offset": [448, 462]}, {"key": "approval-of", "type": "definition", "offset": [474, 485]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [507, 534]}, {"key": "to-be-deposited", "type": "definition", "offset": [573, 588]}, {"key": "holders-of", "type": "clause", "offset": [637, 647]}, {"key": "in-accordance-with", "type": "definition", "offset": [702, 720]}, {"key": "article-iii", "type": "definition", "offset": [726, 737]}, {"key": "evidence-of", "type": "clause", "offset": [769, 780]}, {"key": "certificate-form", "type": "definition", "offset": [818, 834]}, {"key": "shares-of-parent-common-stock", "type": "clause", "offset": [862, 891]}, {"key": "the-applicable", "type": "clause", "offset": [914, 928]}, {"key": "stock-merger-consideration", "type": "definition", "offset": [964, 990]}, {"key": "cash-merger-consideration", "type": "clause", "offset": [1047, 1072]}, {"key": "fractional-share-cash-amount", "type": "definition", "offset": [1077, 1105]}, {"key": "payments-in", "type": "clause", "offset": [1106, 1117]}, {"key": "exchange-fund", "type": "clause", "offset": [1181, 1194]}, {"key": "provide-to", "type": "clause", "offset": [1223, 1233]}, {"key": "from-time-to-time", "type": "clause", "offset": [1254, 1271]}, {"key": "as-needed", "type": "clause", "offset": [1272, 1281]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1283, 1310]}, {"key": "to-pay", "type": "clause", "offset": [1322, 1328]}, {"key": "dividends-and-other-distributions", "type": "clause", "offset": [1333, 1366]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1367, 1386]}, {"key": "agent-shall", "type": "definition", "offset": [1408, 1419]}, {"key": "section-31", "type": "definition", "offset": [1609, 1620]}, {"key": "section-32", "type": "definition", "offset": [1625, 1636]}, {"key": "charges-and-expenses", "type": "clause", "offset": [1779, 1799]}, {"key": "in-connection-with", "type": "clause", "offset": [1855, 1873]}, 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"Company Certificates", "Company Certificates"], ["payment-agent", "Payment Agent", "Payment Agent"], ["company-certificate", "Company Certificate", "Company Certificate"], ["merger-consideration", "Merger Consideration", "Merger Consideration"], ["stock-certificates", "Stock Certificates", "Stock Certificates"]], "related_snippets": [], "updated": "2026-05-20T04:25:14+00:00", "also_ask": ["What are the strategic advantages of appointing a specific exchange agent versus a general agent?", "Which essential duties and indemnities must be explicitly drafted for the exchange agent?", "What are the main liability risks for parties if the exchange agent fails to perform?", "How do exchange agent provisions differ across jurisdictions or transaction types?", "What are the most common enforceability challenges to exchange agent clauses in court?"], "drafting_tip": "Specify the Exchange Agent\u2019s duties to clarify responsibilities, define the appointment process to ensure proper authorization, and outline termination conditions to prevent disputes.", "explanation": "The Exchange Agent clause designates a third-party entity responsible for facilitating the exchange of securities, cash, or other consideration between parties during a transaction, such as a merger or acquisition. This agent collects the relevant documents or certificates from shareholders and distributes the appropriate payment or new securities in return. By centralizing and managing the logistics of the exchange process, the clause ensures an orderly, efficient, and secure transfer, reducing administrative burdens and minimizing the risk of errors or disputes."}, "json": true, "cursor": ""}}