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: Agreement and Plan of Merger (Journal Media Group, Inc.), Agreement and Plan of Merger (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 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: Agreement and Plan of Merger (Bowl America Inc)

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: Agreement and Plan of Merger (Columbus McKinnon Corp)

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: Agreement and Plan of Merger (Johnson Controls Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.