Common use of Investment of the Exchange Fund Clause in Contracts

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 14 contracts

Samples: Merger Agreement (Walden Vc Ii L P), Merger Agreement (O2wireless Solutions Inc), Share Acquisition Agreement (Franklin Resources Inc)

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Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis. Any interest and other income resulting from such investments promptly shall promptly be paid to Parent.

Appears in 7 contracts

Samples: Merger Agreement (Prosofttraining Com), Merger Agreement (Mindarrow Systems Inc), Merger Agreement (Burr Brown Corp)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis; provided that no such gain or loss thereon shall affect the amounts payable to the stockholders of the Company pursuant to Article I or this Article II. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 6 contracts

Samples: Merger Agreement (Amazon Com Inc), Agreement and Plan of Merger (American Land Lease Inc), Merger Agreement (GCP Sunshine Acquisition, Inc. A Delaware Corp)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis; provided, that no gain or loss thereon shall affect the amounts payable to the Company stockholders pursuant to Article 1 and the other provisions of this Article 2. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 3 contracts

Samples: Merger Agreement (Procter & Gamble Co), Merger Agreement (Gillette Co), Merger Agreement (Procter & Gamble Co)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis; provided, that no such gain or loss thereon shall affect the amounts payable to the shareholders of the Company pursuant to this Article IV. Any interest and other income resulting from such investments shall promptly be paid promptly to Parent.

Appears in 3 contracts

Samples: Merger Agreement (TGC Industries Inc), Merger Agreement (Dawson Geophysical Co), Merger Agreement (TGC Industries Inc)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis. Any interest and other income resulting from such investments shall promptly be paid promptly to Parent.

Appears in 3 contracts

Samples: Merger Agreement (Integrated Sensor Solutions Inc), Merger Agreement (Texas Instruments Inc), Merger Agreement (Texas Instruments Inc)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis. Any interest and other income resulting from such investments shall promptly be paid to Parent. Parent shall ensure that the Exchange Fund is at all times sufficient to satisfy Parent's obligations under this Agreement and shall promptly and proportionately replenish the Exchange Fund upon its suffering of any losses resulting from the Exchange Agent's investment activities with respect thereto if necessary to ensure sufficient funds.

Appears in 2 contracts

Samples: Merger Agreement (Mobility Electronics Inc), Merger Agreement (Igo Corp)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis; provided that no such gain or loss thereon shall affect the amounts payable to the Company shareholders pursuant to Article I and the other provisions of this Article II. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (Pepsico Inc), Merger Agreement (Quaker Oats Co)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis, or as otherwise agreed to by Parent and the Exchange Agent; provided, however, that no such gain or loss thereon shall affect the amounts payable to the Company stockholders pursuant to this Agreement. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (Steel Dynamics Inc), Merger Agreement (Roanoke Electric Steel Corp)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basisParent; provided, however, that such investments shall be in obligations of, or guaranteed by, the United States of America. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (Sorensen Trust), Merger Agreement (Westaff Inc)

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Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent Parent, provided, that no losses on a daily basissuch investments shall affect the cash payable to former holders of Company Common Shares pursuant to this Article III. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (IHS Markit Ltd.), Merger Agreement (S&P Global Inc.)

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basis; provided that no such investment or loss thereon shall affect the amounts payable or the timing of the amounts payable to Company stockholders pursuant to the other provisions of this Article III. Any interest and other income resulting from such investments shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (Bruker Daltonics Inc), Merger Agreement (Bruker Axs Inc)

Investment of the Exchange Fund. The Exchange Agent shall may invest any cash included in the Exchange Fund as directed by Parent on a daily basisParent. Any interest and other income resulting from such investments shall will promptly be paid to Parent.

Appears in 1 contract

Samples: Merger Agreement (Strategic Diagnostics Inc/De/)

Investment of the Exchange Fund. The Exchange Agent shall ------------------------------- invest any cash included in the Exchange Fund as directed by Parent on a daily basis. Any interest and other income resulting from such investments promptly shall promptly be paid to Parent.

Appears in 1 contract

Samples: Merger Agreement (Texas Instruments Inc)

Investment of the Exchange Fund. The Exchange Paying Agent shall invest any cash included in the Exchange Fund as directed by Parent on a daily basisParent. Any interest and other income resulting from such investments investment shall promptly become a part of the Exchange Fund, and any amount in excess of the amounts payable under Sections 2.1(a) or 2.2(a) shall be paid promptly to Parent.

Appears in 1 contract

Samples: Merger Agreement (Meristar Hospitality Operating Partnership Lp)

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