Common use of Investment of Merger Consideration Clause in Contracts

Investment of Merger Consideration. The Exchange Agent shall invest the funds made available to the Exchange Agent pursuant to Section 2.1 as directed by Parent on a daily basis in obligations of or guaranteed by the United States of America and backed by the full faith and credit of the United States of America or in commercial paper obligations rated A-2/P-2 or better by Xxxxx’x Investors Services, Inc. and Standard & Poor’s Corporation, respectively (or money market funds rated Aaa or better by Xxxxx’x Investors Services, Inc. or AAA or better by Standard & Poor’s Corporation); provided, however, that no such gain or loss thereon shall affect the amounts payable to holders of Certificates or Book Entry Shares pursuant to Section 1.8(a) and this Article II. Any interest and other income resulting from such investments shall be the property of, and shall promptly be paid to, Parent.

Investment of Merger Consideration. The Exchange Paying Agent shall invest the funds made available to the Exchange Paying Agent pursuant to Section 2.1 as directed by Parent on a daily basis in obligations of or guaranteed by the United States of America and backed by the full faith and credit of the United States of America or in commercial paper obligations rated A-2/P-2 or better by Xxxxx’x Mxxxx’x Investors Services, Inc. and Standard & Poor’s Corporation, respectively (or money market funds rated Aaa or better by Xxxxx’x Mxxxx’x Investors Services, Inc. or AAA or better by Standard & Poor’s Corporation); provided, however, that no such gain or loss thereon shall affect the amounts payable to holders of Certificates or Book Entry Shares pursuant to Section 1.8(a) and this Article II2. Any interest and other income resulting from such investments shall be the property of, and shall promptly be paid to, Parent.

Investment of Merger Consideration. The Exchange Paying Agent shall invest the funds made available to the Exchange Paying Agent pursuant to Section 2.1 as directed by Parent on a daily basis in obligations of or guaranteed by the United States of America and backed by the full faith and credit of the United States of America or in commercial paper obligations rated A-2/P-2 or better by Xxxxx’x Investors Services, Inc. and Standard & Poor’s Corporation, respectively (or money market funds rated Aaa or better by Xxxxx’x Investors Services, Inc. or AAA or better by Standard & Poor’s Corporation); provided, however, that no such gain or loss thereon shall affect the amounts payable to holders of Certificates or Book Entry Shares pursuant to Section 1.8(a) and this Article II2. Any interest and other income resulting from such investments shall be the property of, and shall promptly be paid to, Parent.