Common use of Distribution of Exchange Fund to Parent Clause in Contracts

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six (6) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing such shares of Company Common Stock for exchange pursuant to the provisions of this Section 3.8 shall thereafter look for payment of the Merger Consideration payable in respect of the shares of Company Common Stock evidenced by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article III.

Appears in 5 contracts

Samples: Merger Agreement (Portal Software Inc), Merger Agreement (Mercury Interactive Corp), Merger Agreement (Polycom Inc)

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Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six twelve (612) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing such shares of Company Common Stock for exchange pursuant to the provisions of this Section 3.8 shall thereafter look for payment of the Merger Consideration payable in respect of the shares of Company Common Stock evidenced by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article III.

Appears in 3 contracts

Samples: Merger Agreement (Sonosite Inc), Merger Agreement (Hewlett Packard Co), Merger Agreement (ArcSight Inc)

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six (6) 12 months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing such shares of Company Common Stock for exchange pursuant to the provisions of this Section 3.8 2.8 shall thereafter look for payment of the Merger Consideration payable in respect of the shares of Company Common Stock evidenced by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article IIIII.

Appears in 3 contracts

Samples: Merger Agreement (SCSF Equities, LLC), Merger Agreement (Kellwood Co), Merger Agreement (Kellwood Co)

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six twelve (612) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing such shares of Company Common Stock for exchange pursuant to the provisions of this Section 3.8 2.8 shall thereafter look for payment of the Merger Consideration payable in respect of the shares of Company Common Stock evidenced by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article IIIII.

Appears in 2 contracts

Samples: Merger Agreement (Synopsys Inc), Merger Agreement (Insilicon Corp)

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six twelve (612) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock Shares that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing representing such shares of Company Common Stock Shares for exchange pursuant to the provisions of this Section 3.8 ‎Section 2.8 shall thereafter look for payment of the Merger Consideration Consideration, without interest, payable in respect of the shares of Company Common Stock evidenced Shares represented by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article III‎Article II.

Appears in 1 contract

Samples: Merger Agreement (Ultra Clean Holdings, Inc.)

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Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six twelve (612) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock Shares that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing representing such shares of Company Common Stock Shares for exchange pursuant to the provisions of this Section 3.8 2.8 shall thereafter look for payment of the Merger Consideration Consideration, without interest, payable in respect of the shares of Company Common Stock evidenced Shares represented by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration to which such holders may be entitled pursuant to the provisions of this Article IIIII.

Appears in 1 contract

Samples: Merger Agreement (Ultra Clean Holdings, Inc.)

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates on the date that is six nine (69) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Capital Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates evidencing such shares of Company Common Capital Stock for exchange pursuant to the provisions of this Section 3.8 2.8 shall thereafter look for payment of the Merger Consideration applicable Per Share Amount payable in respect of the shares of Company Common Capital Stock evidenced by such Certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration Per Share Amount (without interest thereon) to which such holders may be entitled pursuant to the provisions of this Article IIIII.

Appears in 1 contract

Samples: Merger Agreement (SoftBrands, Inc.)

Distribution of Exchange Fund to Parent. Any portion of the Exchange Fund that remains undistributed to the holders of certificates representing shares of Company Common Stock immediately prior to the Certificates Effective Time on the date that is six twelve (612) months after the Effective Time shall be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered their Certificates such certificates evidencing such shares of Company Common Stock for exchange pursuant to the provisions of this Section 3.8 Article II shall thereafter look for payment issuance of the Merger Consideration payable Parent Shares in respect of the shares of Company Common Stock evidenced by such Certificates certificates solely to Parent, as general creditors thereof, for any claim to the applicable Merger Consideration merger consideration to which such holders may be entitled pursuant to the provisions of this Article IIIII.

Appears in 1 contract

Samples: Merger Agreement (Perini Corp)

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