Common use of Exchange and Payment Clause in Contracts

Exchange and Payment. (a) At or prior to the Effective Time, Parent shall deposit (or cause to be deposited) with a bank or trust company designated by Parent (the “Paying Agent”), in trust for the benefit of holders of Shares in accordance with Section 2.1(a) cash in an amount equal to the Aggregate Merger Consideration (such cash being hereinafter referred to as the “Payment Fund”). The Payment Fund shall not be used for any purpose other than to fund payments due pursuant to Section 2.1(a), except as provided in this Agreement.

Exchange and Payment. (a) At or prior immediately subsequent to the Effective Time, Parent shall deposit (or cause to be deposited) with a bank or trust company designated by Parent (the “Paying Agent”), in trust for ) the benefit of holders of Shares in accordance with Section 2.1(a) cash in an U.S. dollars sufficient to pay the aggregate amount equal to of the Aggregate Merger Consideration payments due under Section 3.1(a) (such cash being hereinafter referred to as the “Payment Fund”). The Payment Fund shall not be used for any purpose other than to fund payments due pursuant to Section 2.1(a3.1(a), except as provided in this Agreement.

Exchange and Payment. (a) At or prior to immediately after the Effective Time, Parent shall deposit (or cause to be deposited) with a bank or trust company designated by Parent and reasonably acceptable to the Company (the “Paying Agent”), in trust for the benefit of holders of Shares Shares, cash in an amount sufficient to pay the aggregate Merger Consideration in accordance with Section 2.1(a) cash in an amount equal to the Aggregate Merger Consideration (such cash being hereinafter referred to as cash, the “Payment Fund”). The Except as otherwise provided in this Agreement, the Payment Fund shall not be used for any purpose other than to fund payments due pursuant to Section 2.1(a), except as provided in this AgreementArticle II.

Exchange and Payment. (a) At or prior to before the Effective Time, Parent shall deposit (or cause to be deposited) with a bank or trust company designated by Parent and reasonably acceptable to the Company (the “Paying Agent”), in trust for the benefit of holders of Shares in accordance with Section 2.1(a) cash in an amount equal immediately prior to the Aggregate Merger Consideration Effective Time (such cash being hereinafter referred to as the “Payment Fund”). The Payment Fund shall not be used for any purpose other than holders to fund payments due pursuant to Section 2.1(a), except as provided in this Agreement.the extent they hold Excluded Shares or Dissenting