Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Holdco on a daily basis; provided that no such investment or loss thereon shall affect the amounts payable to Time Warner or America Online stockholders pursuant to Article II and the other provisions of this Article III. Any interest and other income resulting from such investments shall promptly be paid to Holdco.
Appears in 2 contracts
Samples: Merger Agreement (America Online Inc), Merger Agreement (Time Warner Inc/)
Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Holdco on a daily basis; provided provided, however, that no such investment or loss thereon shall affect the amounts payable to Time Warner or America Online stockholders shareholders of El Sitio pursuant to Article II 2 and the other provisions of this Article III3. Any interest and other income resulting from such investments shall promptly be paid to Holdco.
Appears in 2 contracts
Samples: Combination Agreement (El Sitio Inc), Combination Agreement (Ibero American Media Partners Ii LTD)
Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as directed by Holdco on a daily basisbasis in Qualified Instruments; provided that no such investment or loss thereon shall affect the amounts payable to Time Warner Company's or America Online Parent's stockholders pursuant to Article II and the other provisions of this Article III. Any interest and other income resulting from such investments shall promptly be paid to Holdco.
Appears in 2 contracts
Samples: Merger Agreement (Pinnacor Inc), Merger Agreement (Marketwatch Com Inc)
Investment of the Exchange Fund. The Exchange Agent shall invest ------------------------------- any cash included in the Exchange Fund in high quality money market investments as directed by Holdco on a daily basis; provided that no such investment or loss thereon shall affect the amounts amount payable to Time Warner or America Online stockholders holders of Units pursuant to Article II and the other provisions of this Article IIIIV. Any interest and or other income resulting from such investments shall be promptly be paid to Holdco and any loss shall be reimbursed by Holdco.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Fibernet Telecom Group Inc\)
