Common use of Investment of Merger Consideration Clause in Contracts

Investment of Merger Consideration. The Paying Agent shall invest the funds made available to the Paying Agent pursuant to Section 2.1 as directed by Parent on a daily basis, provided that no gain or loss thereon shall affect the amounts payable to holders of Company Common Stock pursuant to Section 1.8 and this Article 2. Any interest and other income resulting from such investments shall be the property of, and shall be paid to, Parent.

Appears in 2 contracts

Samples: Merger Agreement (Journal Media Group, Inc.), Merger Agreement (Gannett Co., Inc.)

AutoNDA by SimpleDocs

Investment of Merger Consideration. The Paying Agent shall invest the funds made available to the Paying Agent pursuant to Section 2.1 3.1 as directed by Parent on a daily basis, ; provided that no gain or loss thereon shall affect impact the amounts payable to holders of Company Common Stock the Company’s stockholders pursuant to Section 1.8 2.8(a) and this Article 23. Any interest and other income resulting from such investments shall be the property of, and shall be paid to, Parent.

Appears in 1 contract

Samples: Merger Agreement (Columbus McKinnon Corp)

Investment of Merger Consideration. The Paying Agent shall invest the funds made available to the Paying Agent pursuant to Section 2.1 as directed by Parent on a daily basis, ; provided that no gain or loss thereon shall affect impact the amounts payable to holders of Company Common Stock the Company’s stockholders pursuant to Section 1.8 1.8(a) and this Article 2. Any interest and other income resulting from such investments shall be the property of, and shall be paid to, Parent.

Appears in 1 contract

Samples: Merger Agreement (Bowl America Inc)

AutoNDA by SimpleDocs

Investment of Merger Consideration. The Paying Agent shall invest the funds made available to the Paying Agent pursuant to Section 2.1 as directed by Parent on a daily basis, ; provided that no such gain or loss thereon shall affect the amounts payable to holders of Company Common Stock Certificates pursuant to Section 1.8 1.8(a) and this Article 2. Any interest and other income resulting from such investments shall be the property of, and shall promptly be paid to, Parent.

Appears in 1 contract

Samples: Merger Agreement (Johnson Controls Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!