Exchange Closing. (a) Each Member will deliver a certificate, endorsed for transfer to Parent, representing the Units being exchanged and, and Parent will deliver a certificate, endorsed for transfer to each Member, representing the Parent Shares being exchanged in the number set forth in Section 1.1 hereof. Subject to the satisfaction of the conditions set forth in Article VII, the time and date of such deliveries shall be 10:00 a.m., Houston time, on a date and at a place to be specified by the Parties (the “Exchange Closing”), which date shall be no later than the day after satisfaction or waiver of the latest to occur of the conditions set forth in Article VII, as evidenced by, and specified in, a Notice signed by each of the Parties.
Appears in 4 contracts
Samples: Exchange Agreement (Woodgate Energy Corp), Exchange Agreement (Woodgate Energy Corp), Exchange Agreement (Woodgate Energy Corp)
