Common use of Objections to Claims to Escrow Fund Clause in Contracts

Objections to Claims to Escrow Fund. At the time of delivery of any ----------------------------------- Officer's Certificate to the Escrow Agent, a duplicate copy of such Officer's Certificate shall be delivered to the Stockholders' Agent and for a period of thirty (30) days after such delivery, the Escrow Agent shall make no delivery of Escrow Shares pursuant to Section 8.5 unless the Escrow Agent shall have received written authorization from the Stockholders' Agent to make such delivery. After the expiration of such thirty (30) day period, the Escrow Agent shall make delivery of the Escrow Shares in the Escrow Fund in accordance with Section 8.5, provided that no such delivery may be made if the Stockholders' Agent shall object in a written statement to the claim made in the Officer's Certificate, and such statement shall have been delivered to the Escrow Agent and to Acquiror prior to the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cybersource Corp)

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Objections to Claims to Escrow Fund. At the time of delivery of any ----------------------------------- Officer's ’s Certificate to the Escrow Agent, a duplicate copy of such Officer's ’s Certificate shall be delivered to the Stockholders' Shareholders’ Agent and for a period of thirty (30) days after such delivery, the Escrow Agent shall make no delivery of any portion of the Escrow Shares Amount pursuant to Section 8.5 9.5 unless the Escrow Agent shall have received written authorization from the Stockholders' Shareholders’ Agent to make such delivery. After the expiration of such thirty (30) day period, the Escrow Agent shall make delivery of the portion of the Escrow Shares Amount in the Escrow Fund in accordance with Section 8.59.5, provided that no such delivery may be made if the Stockholders' Shareholders’ Agent shall object in a written statement to the claim made in the Officer's ’s Certificate, and such statement shall have been delivered to the Escrow Agent and to Acquiror prior to the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bea Systems Inc)

Objections to Claims to Escrow Fund. At the time of delivery of any ----------------------------------- Officer's ’s Certificate to the Escrow Agent, a duplicate copy of such Officer's ’s Certificate shall be delivered to the Stockholders' Agent and for a period of thirty (30) days after such delivery, the Escrow Agent shall make no delivery of any portion of the Escrow Shares Amount pursuant to Section 8.5 unless the Escrow Agent shall have received written authorization from the Stockholders' Agent to make such delivery. After the expiration of such thirty (30) day period, the Escrow Agent shall make delivery of the portion of the Escrow Shares Amount in the Escrow Fund in accordance with Section 8.5, provided that no such delivery may be made if the Stockholders' Agent shall object in a written statement to the claim made in the Officer's ’s Certificate, and such statement shall have been delivered to the Escrow Agent and to Acquiror prior to the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Efj Inc)

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Objections to Claims to Escrow Fund. At the time of delivery of any ----------------------------------- Officer's Certificate to the Escrow Agent, a duplicate copy of such Officer's Certificate shall be delivered to the StockholdersShareholders' Agent by registered mail or courier or express delivery and for a period of thirty (30) days after such delivery, the Escrow Agent shall make no delivery of Escrow Shares pursuant to Section 8.5 unless the Escrow Agent shall have received written authorization from the StockholdersShareholders' Agent to make such delivery. After the expiration of such thirty (30) day period, the Escrow Agent shall make delivery of the Escrow Shares in the Escrow Fund in accordance with Section 8.5, provided that no such -------- delivery may be made if the StockholdersShareholders' Agent shall object in a written statement to the claim made in the Officer's Certificate, and such statement shall have been delivered to the Escrow Agent and to Acquiror prior to the expiration of such thirty (30) day period.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cybersource Corp)

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