Other Closing Payments. At the Effective Time, Parent shall pay, or cause to be paid, the following amounts by wire transfer of immediately available funds: (i) to each Person owed a Change of Control Payment or Indebtedness, an amount in cash set forth opposite such Person’s name in the Estimated Closing Date Statement to the account or accounts designated by such Person therein; (ii) to each Person owed Company Transaction Expenses, an amount in cash set forth opposite such Person’s name in the Estimated Closing Date Statement to the account or accounts, in each case, designated by such Person therein; (iii) to the Escrow Agent, an amount in cash equal to the Escrow Amount to the Escrow Account, designated by the Escrow Agent pursuant to the Escrow Agreement; (iv) to the Escrow Agent, the costs, fees and expenses of the Escrow Agent under the Escrow Agreement; (v) to the Payment Agent, the costs, fees and expenses of the Payment Agent under the Payment Agent Agreement; and (vi) to the Seller’s Representative, the Expense Fund Amount.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (TILT Holdings Inc.), Agreement and Plan of Merger (TILT Holdings Inc.), Merger Agreement