Common use of Undistributed Amounts Clause in Contracts

Undistributed Amounts. Any portion of the Exchange Fund or the Cash Deposit which remains undistributed for six months after the Effective Time shall be delivered to WAG, and any holder of Company Common Stock who has not theretofore complied with the provisions of this Article III shall thereafter look only to WAG for satisfaction of their claims for WAG Common Stock or any cash in lieu of fractional shares of WAG Common Stock and any Presurrender Dividends.

Appears in 2 contracts

Sources: Merger Agreement (World Access Inc), Merger Agreement (Telco Systems Inc /De/)