Common use of Exchange Agent; Payment Funds Clause in Contracts

Exchange Agent; Payment Funds. (i) Prior to the Effective Time, Parent shall appoint a bank or trust company as may be approved by the Company (which approval shall not be unreasonably withheld) as exchange and paying agent (the “Exchange Agent”) for the exchange and payment of the Merger Consideration (other than payment of Closing Merger Consideration to the Stockholder Representative and its designees, which payment shall be exclusively governed by Section 2.11 hereof).

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Great Lakes Dredge & Dock Corp)

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Exchange Agent; Payment Funds. (i) Prior to the Effective Time, Parent shall appoint a bank or trust company as may be approved by the Company (which approval shall not be unreasonably withheld) as exchange and paying agent (the “Exchange Agent”) for the exchange and payment of the Merger Consideration and payment and distribution of the Unissued Equityholders Fund (other than payment of Closing Merger Consideration to the Stockholder Representative and its designees, which payment shall be exclusively governed by Section 2.11 hereofas defined below).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Amf Bowling Worldwide Inc)

Exchange Agent; Payment Funds. (ia) Prior to the Effective Time, Parent shall appoint a bank or trust company company, as may be approved by the Company (which approval shall not be unreasonably delayed, conditioned or withheld) as exchange and paying agent (the “Exchange Agent”) ), for the exchange and payment of the Merger Consideration (other than payment of Closing Merger Consideration to the Stockholder Representative and its designees, which payment shall be exclusively governed by Section 2.11 hereof)Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fastentech Inc)

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Exchange Agent; Payment Funds. (ia) Prior to the Effective Time, Parent shall appoint a bank or trust company as may be approved by the Company (which approval shall not be unreasonably withheld) as exchange and paying agent (the “Exchange Agent”) for the exchange and payment of the Merger Consideration (other than payment of Closing Merger Consideration to the Stockholder Representative and its designees, which payment shall be exclusively governed by Section 2.11 hereof)Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Airxcel Inc)

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