Payment of Consideration Surrender of Certificates. (a) Illinois Stock Transfer Company (the “Paying Agent”) shall act as paying agent. At least 30 days prior to the anticipated Closing Date, Buyer shall cause the Paying Agent to mail to each holder of record of a Stock Certificate or Book-Entry Share that immediately prior to the Effective Time represented outstanding shares of Company Capital Stock, a letter of transmittal and instructions in customary form to be mutually agreed between Buyer and the Company prior to the Closing Date (the “Letter of Transmittal”).
Payment of Consideration Surrender of Certificates. (a) Paying Agent. Parent, or an institution selected by Parent and at Parent’s sole expense, prior to the Effective Time, shall serve as the paying agent for the Merger, other than with respect to the consideration payable to Optionholders. The Surviving Corporation shall serve as the paying agent for the consideration payable to Optionholders and shall process all such amounts through payroll and subject all such amounts to applicable withholding Taxes.
Payment of Consideration Surrender of Certificates
