Common use of Parent To Provide Funds Clause in Contracts

Parent To Provide Funds. Parent shall take all steps necessary to enable and cause the Surviving Corporation to provide to the Paying Agent on a timely basis, immediately following the Effective Time of the Merger, all the funds necessary to pay for the shares of Common Stock pursuant to Section 3.01, it being understood that any and all interest earned on funds made available to the Paying Agent in accordance with this Agreement shall be turned over to Parent.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Baa PLC /Fi), Agreement and Plan of Merger (Duty Free International Inc), Agreement and Plan of Merger (Duty Free International Inc)

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Parent To Provide Funds. Subject to the provisions of this Agreement, Parent shall take all steps necessary to enable and cause the Surviving Corporation to provide to the Paying Agent on a timely basis, immediately following as and when needed after the Effective Time of the Merger, all the funds necessary to pay for the shares of Common Stock pursuant to Section 3.01, it being understood that any and all interest earned on funds made available to the Paying Agent in accordance with this Agreement shall be turned over to Parent.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Vision Associates LTD)

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