Common use of Parent to Provide Cash Clause in Contracts

Parent to Provide Cash. No later than the Effective Time, Parent shall deposit with the Paying Agent for exchange in accordance with this Article I, through such reasonable procedures as Parent may adopt, cash in an aggregate amount sufficient to permit payment pursuant to Section 1.6(a) in exchange for shares of Company Capital Stock outstanding immediately prior to the Effective Time, less any amounts required to be withheld from such cash under any applicable Laws. All interest or other amounts earned with respect to funds made available to the Paying Agent shall be for the account of Parent.

Appears in 2 contracts

Samples: Merger Agreement (Cash Systems Inc), Merger Agreement (Global Cash Access Holdings, Inc.)

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Parent to Provide Cash. No later than At or promptly following the Effective Time, Parent shall deposit with the Paying Agent for exchange in accordance with this Article I, through such reasonable procedures as Parent may adopt, cash in an aggregate amount sufficient to permit payment pursuant to Section 1.6(a) in exchange for shares of Company Capital Stock outstanding immediately prior to the Effective Time, less any amounts required to be withheld from such cash under any applicable Laws. All interest or other amounts earned with respect to funds made available to the Paying Agent shall be for the account of Parent.

Appears in 1 contract

Samples: Merger Agreement (Sigmatel Inc)

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Parent to Provide Cash. No later than Promptly after the Effective Time, Parent shall deposit with make available to the Paying Agent Payment Agent, for exchange in accordance with this Article III, through such reasonable procedures as Parent may adopt, the cash in an aggregate amount sufficient to permit payment issuable pursuant to Section 1.6(a) 2.6 in exchange for outstanding shares of Company Capital Stock outstanding immediately prior to the Effective Time, less any amounts required to be withheld from such cash under any applicable Laws. All interest or other amounts earned with respect to funds made available to the Paying Agent shall be for the account of ParentCommon Stock.

Appears in 1 contract

Samples: Merger Agreement (Objective Systems Integrators Inc)

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