Common use of Surrender Procedures Clause in Contracts

Surrender Procedures. Within seven (7) days after the Effective Time, Second shall cause the Exchange Agent to mail to each holder of record of Commerce Shares immediately prior to the Effective Time, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Commerce Certificates shall pass, only upon delivery of such Commerce Certificates to the Exchange Agent, and which shall be in such form and have such other provisions as Second may reasonably specify) and (ii) instructions for use in effecting the surrender of the Commerce Certificates in exchange for the Cash Amount. Upon surrender by such holder of a Commerce Certificate or Certificates evidencing all Commerce Shares standing in such holder's name for cancellation to the Exchange Agent together with such letter of transmittal, duly executed, the holder of such Commerce Certificate or Certificates shall be entitled to receive in exchange therefor the Cash Amount by a check, which such holder has the right to receive in respect of the Commerce Certificate or Certificates surrendered pursuant to the provisions of this Article Two (after taking into account all Commerce Shares then held by such holder), and the Commerce Certificate or Certificates so surrendered shall forthwith be canceled. Second shall cause the Exchange Agent to mail the exchange check by U.S. mail, postage prepaid, within seven (7) days following receipt of all required documentation. In the event of a transfer of ownership of Commerce Shares which is not registered in the transfer records of Commerce, a check in respect of the Cash Amount, may be issued to a transferee if the Commerce Certificate representing such Commerce Shares is presented to the Exchange Agent, accompanied by all documents required to evidence and effect such transfer and by evidence that any applicable share transfer taxes have been paid. Until surrendered

Surrender Procedures. Within seven Each holder of a certificate or certificates representing any shares of Company Common Stock cancelled in the Merger, which immediately before the Effective Time represented outstanding shares of Company Common Stock (7) the "Certificates"), and whose shares were converted pursuant to Section 2.1(a), may thereafter surrender the Certificate or Certificates to the Exchange Agent to effect the surrender of the Certificate or Certificates on the holder's behalf for a period ending 180 days after the Effective Time, Second shall cause the Exchange Agent to mail to each holder of record of Commerce Shares immediately prior to . Parent agrees that promptly after the Effective TimeTime it will cause to be distributed to record holders of shares of Company Common Stock as of the Effective Time appropriate materials to facilitate the surrender, including (i) a letter of transmittal (which shall will specify that delivery shall will be effected, and risk of loss and title to the Commerce Certificates shall will pass, only upon delivery of such Commerce the Certificates to the Exchange Agent, Agent and which shall will be in such a form and have such other provisions as Second Parent may reasonably specify) and (ii) instructions for use in effecting the surrender of the Commerce Certificates in exchange for the Per Share Cash AmountConsideration. Upon the surrender of Certificates, together with a letter of transmittal duly executed and other documents as may be reasonably required by such holder of a Commerce Certificate or Certificates evidencing all Commerce Shares standing in such holder's name for cancellation to the Exchange Agent together with such letter of transmittalAgent, duly executed, the holder of such Commerce Certificate or Certificates shall be entitled to receive in exchange therefor the Cash Amount by a check, which such holder has the right to receive in respect of the Commerce Certificate or Certificates surrendered pursuant to the provisions of this Article Two (after taking into account all Commerce Shares then held by such holder), and the Commerce Certificate or Certificates so surrendered shall forthwith be canceled. Second shall Parent will cause the Exchange Agent to mail the exchange check by U.S. mail, postage prepaid, within seven (7) days following receipt of all required documentation. In the event pay to each holder of a transfer of ownership of Commerce Shares which is not registered Certificate in the transfer records of Commerce, a check exchange therefor cash in respect of the Cash Amount, may be issued to a transferee if the Commerce Certificate representing such Commerce Shares is presented an amount equal to the Exchange Agent, accompanied Per Share Cash Consideration multiplied by all documents required to evidence and effect such transfer and the number of shares represented by evidence that any applicable share transfer taxes have been paidthe Certificate. Until surrendered, each Certificate (other than Certificates representing shares held by Parent) will represent solely the right to receive the aggregate Per Share Cash Consideration relating to the Certificate.

Surrender Procedures. Within seven (7) days As soon as reasonably practicable after the Effective Time, Second Rurban shall cause the Exchange Agent to mail to each holder of record of Commerce Shares a NBM Certificate which immediately prior to the Effective Time, Time evidenced NBM Shares: (i) a letter of transmittal (transmittal, which shall specify that delivery shall be effected, and risk of loss and title to the Commerce NBM Certificates shall pass, only upon delivery of such Commerce NBM Certificates to the Exchange Agent, and which shall be in such form and have such other provisions as Second Rurban may reasonably specify) specify and (ii) instructions for use in effecting the surrender of the Commerce NBM Certificates in exchange for the Cash Amount. Upon surrender by such holder of a Commerce NBM Certificate or Certificates evidencing all Commerce NBM Shares standing in such holder's ’s name for cancellation to the Exchange Agent together with such letter of transmittal, duly executed, the holder of such Commerce NBM Certificate or Certificates shall be entitled to receive in exchange therefor the Cash Amount by a check, which such holder has the right to receive in respect of the Commerce NBM Certificate or Certificates surrendered pursuant to the provisions of this Article Two (after taking into account all Commerce Shares then held by such holder)Two, and the Commerce NBM Certificate or Certificates so surrendered shall forthwith be canceled. Second shall cause the Exchange Agent to mail the exchange check by U.S. mail, postage prepaid, within seven (7) days following receipt of all required documentation. In the event of a transfer of ownership of Commerce NBM Shares which is not registered in the transfer records of CommerceNBM, a check in respect of the Cash Amount, Amount may be issued to a transferee if the Commerce NBM Certificate representing such Commerce NBM Shares is presented to the Exchange Agent, accompanied by all documents required to evidence and effect such transfer and by evidence that any applicable share transfer taxes have been paid. Until surrenderedsurrendered as contemplated by this Section 2.02, each NBM Certificate shall be deemed at any time after the Effective Time for all corporate purposes (except as provided in Section 2.02(c)) to represent only the right to receive upon such surrender the Cash Amount as contemplated by this Section 2.02, without interest.

Surrender Procedures. Within seven (7) days As soon as reasonably practicable after the Effective Time, Second Park shall cause the Exchange Agent to mail to each holder of record of Commerce First Federal Shares immediately prior to the Effective Time, (i) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to the Commerce First Federal Certificates shall pass, only upon delivery of such Commerce First Federal Certificates to the Exchange Agent, and which shall be in such form and have such other provisions as Second Park may reasonably specify) and (ii) instructions for use in effecting the surrender of the Commerce First Federal Certificates in exchange for the Cash Amount. Upon surrender by such holder of a Commerce First Federal Certificate or Certificates evidencing all Commerce First Federal Shares standing in such holder's name for cancellation to the Exchange Agent together with such letter of transmittal, duly executed, the holder of such Commerce First Federal Certificate or Certificates shall be entitled to receive in exchange therefor the Cash Amount by a check, which such holder has the right to receive in respect of the Commerce First Federal Certificate or Certificates surrendered pursuant to the provisions of this Article Two (after taking into account all Commerce First Federal Shares then held by such holder), and the Commerce First Federal Certificate or Certificates so surrendered shall forthwith be canceled. Second Park shall cause the Exchange Agent to mail the exchange check by U.S. mail, postage prepaid, within seven (7) days following receipt of all required documentation. In the event of a transfer of ownership of Commerce First Federal Shares which is not registered in the transfer records of CommerceFirst Federal, a check in respect of the Cash Amount, Amount may be issued to a transferee if the Commerce First Federal Certificate representing such Commerce First Federal Shares is presented to the Exchange Agent, accompanied by all documents required to evidence and effect such transfer and by evidence that any applicable share transfer taxes have been paid. Until surrenderedsurrendered as contemplated by this Section 2.02, each First Federal Certificate shall be deemed at any time after the Effective Time for all corporate purposes (except as provided in Section 2.02(c)) to represent only the right to receive upon such surrender the Cash Amount as contemplated by this Section 2.02, without interest.