Common use of Investment of the Payment Fund Clause in Contracts

Investment of the Payment Fund. The Paying Agent shall invest the Payment Fund as directed by Parent on a daily basis. Any interest and other income resulting from any such investment shall promptly be paid to Parent.

Appears in 2 contracts

Samples: Merger Agreement (Numerical Technologies Inc), Merger Agreement (Synopsys Inc)

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

Appears in 2 contracts

Samples: Merger Agreement (Georgia Pacific Corp), Merger Agreement (Unisource Worldwide Inc)

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