Common use of Investment of Merger Fund Clause in Contracts

Investment of Merger Fund. The Paying Agent shall invest any cash in the Merger Fund, as directed by the Surviving Corporation. Any interest and other income resulting from such investments shall be paid to the Surviving Corporation.

Appears in 2 contracts

Samples: Merger Agreement (Argo Tech Corp), Merger Agreement (Us Oncology Inc)

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Investment of Merger Fund. The Paying Agent shall invest any cash in the Merger FundFund in an interest bearing money market account, as directed by the Surviving Corporation. Any interest and other income resulting from such investments net of any expenses or fees of the Paying Agent shall be paid to the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Nco Group Inc)

Investment of Merger Fund. The Paying Agent shall invest any cash in the Merger FundFund in an interest bearing money market account, in accordance with and as directed by provided in the Surviving CorporationPaying Agent Agreement. Any interest and other income resulting from such investments net of any expenses or fees of the Paying Agent shall be paid to the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Mercantile Bancorp, Inc.)

Investment of Merger Fund. The Paying Agent shall invest any the cash included in the Merger Fund, Fund as directed by the Surviving Corporation; provided that such investments shall be in obligations of or guaranteed by the United States of America or in certificates of deposit of commercial banks with capital exceeding $1,000,000,000. Any interest and or other income resulting from such investments shall be paid to the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (JLM Industries Inc)

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Investment of Merger Fund. The Paying Agent shall invest any cash in the Merger FundFund in an interest bearing money market account, as directed by the Surviving CorporationMercantile Sub. Any interest and other income resulting from such investments net of any expenses or fees of the Paying Agent shall be paid to the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Mercantile Bancorp, Inc.)

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