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, however, that no such investment or loss thereon shall affect the amounts payable to shareholders of El Sitio pursuant to Article 2 and the other provisions of this Article 3. 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 basis; provided, however, provided that no such investment or loss thereon shall affect the amounts payable to shareholders of El Sitio Time Warner or America Online stockholders pursuant to Article 2 II and the other provisions of this Article 3III. Any interest and other income resulting from such investments shall promptly be paid to Holdco.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (America Online Inc), Agreement and Plan of Merger (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 basisbasis in Qualified Instruments; provided, however, provided that no such investment or loss thereon shall affect the amounts payable to shareholders of El Sitio Company's or Parent's stockholders pursuant to Article 2 II and the other provisions of this Article 3III. Any interest and other income resulting from such investments shall promptly be paid to Holdco.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Pinnacor Inc), Agreement and Plan of Merger (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, however, provided that no such investment or loss thereon shall affect the amounts amount payable to shareholders holders of El Sitio Units pursuant to Article 2 and the other provisions of this Article 3IV. 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\)
