Parent to Provide Cash. On the Closing Date, Parent shall deliver (i) to the Paying Agent for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Closing Consideration payable pursuant to Section 2.5(a) hereof in exchange for outstanding shares of Company Capital Stock; (ii) to the Company for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Option Closing Consideration payable pursuant to Section 2.6 hereof for the cancellation of Company Options; and (iii) the Escrow Amount to the Escrow Agent.” 2.
Appears in 1 contract
Samples: Agreement and Plan of Merger
Parent to Provide Cash. On the Closing Date, Parent shall deliver (i) to the Paying Agent for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Closing Consideration payable pursuant to Section 2.5(a) hereof in exchange for outstanding shares of Company Capital Stock; (ii) to the Company for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Option Closing Consideration payable pursuant to Section 2.6 hereof for the cancellation of Company Options; and (iii) the Escrow Amount to the Escrow Agent.” 2.”
Appears in 1 contract
Samples: Agreement and Plan of Merger (Aspect Software Group Holdings Ltd.)
Parent to Provide Cash. On At the Closing Date, Parent shall deliver (i) make available to the Paying Payment Agent for exchange in accordance with this Article II II, an amount of cash in the aggregate amount equal to that portion the amount of the Aggregate Consideration Amount payable at the time of Closing Consideration payable pursuant to Section 2.5(a) 2.6 hereof in exchange for outstanding shares of Company Capital Eligible Stock; (ii) to the Company for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Option Closing Consideration payable pursuant to Section 2.6 hereof for the cancellation of Company Options; and (iii) the Escrow Amount to the Escrow Agent.” 2.
Appears in 1 contract
Samples: Merger Agreement (Shanda Games LTD)
Parent to Provide Cash. On the Closing Date, Parent shall deliver (i) to the Paying Agent for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Closing Consideration payable pursuant to Section 2.5(a) hereof in exchange for outstanding shares of Company Capital Stock; (ii) to the Company for exchange in accordance with this Article II cash in the aggregate amount equal to that portion of the Option Closing Consideration payable pursuant to Section 2.6 hereof for the cancellation of 2012 Company Options; and (iii) the Escrow Amount to the Escrow Agent.” 2.
Appears in 1 contract
Samples: Merger Agreement (Aspect Software Group Holdings Ltd.)