Common use of Parent to Provide Parent Common Stock Clause in Contracts

Parent to Provide Parent Common Stock. Promptly after the ------------------------------------- Effective Time, Parent shall make available to the Exchange Agent for exchange in accordance with this Article I, the aggregate number of shares of Parent Common Stock issuable pursuant to Section 1.6 in exchange for outstanding shares of Company Capital Stock; provided, however, that, on behalf of the holders of -------- ------- Company Capital Stock, and pursuant to Article VIII hereof, Parent shall deposit into an escrow account a number of shares of Parent Common Stock equal to the Escrow Amount out of the aggregate number of shares of Parent Common Stock otherwise issuable pursuant to Section 1.6. The portion of the Escrow Amount contributed on behalf of each holder of Company Capital Stock shall be in proportion to the aggregate number of shares of Parent Common Stock which such holder would otherwise be entitled to receive under Section 1.6 by virtue of ownership of outstanding shares of Company Capital Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Seagate Technology Malaysia Holding Co Cayman Islands), Agreement and Plan of Reorganization (Seagate Technology Inc)

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Parent to Provide Parent Common Stock. Promptly No later than one business ------------------------------------- day after the ------------------------------------- Effective Time, Parent shall make available to the Exchange Agent for exchange in accordance with this Article I, the aggregate number of shares of Parent Common Stock issuable pursuant to Section 1.6 in exchange for outstanding shares of Company Capital Stock; provided, however, that, on behalf -------- ------- of the holders of -------- ------- Company Capital Stock, and pursuant to Article VIII hereof, Parent shall deposit into an escrow account a number of shares of Parent Common Stock equal to the Escrow Amount out of the aggregate number of shares of Parent Common Stock otherwise issuable pursuant to Section 1.6. The portion of the Escrow Amount contributed on behalf of each holder of Company Capital Stock shall be in proportion to the aggregate number of shares of Parent Common Stock which such holder would otherwise be entitled to receive under Section 1.6 by virtue of ownership of outstanding shares of Company Capital Stock.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cobalt Networks Inc)

Parent to Provide Parent Common Stock. Promptly No later than one business ------------------------------------- day after the ------------------------------------- Effective Time, Parent shall make available to the Exchange Agent for exchange in accordance with this Article IAgreement, the aggregate number of shares of Parent Common Stock issuable pursuant to Section 1.6 4.1 in exchange for outstanding shares of Company Capital Stock; provided, however, that, on behalf -------- ------- of the holders of -------- ------- Company Capital Stock, and pursuant to Article VIII hereofof the Reorganization Agreement, Parent shall deposit into an escrow account a number of shares of Parent Common Stock equal to the Escrow Amount out of the aggregate number of shares of Parent Common Stock otherwise issuable pursuant to Section 1.64.1. The portion of the Escrow Amount contributed on behalf of each holder of Company Capital Stock shall be in proportion to the aggregate number of shares of Parent Common Stock which such holder would otherwise be entitled to receive under Section 1.6 4.1 by virtue of ownership of outstanding shares of Company Capital Stock.

Appears in 1 contract

Samples: Agreement of Merger (Cobalt Networks Inc)

Parent to Provide Parent Common Stock. Promptly after the ------------------------------------- Effective Time, Parent shall make available to the Exchange Agent for exchange in accordance with this Article IAgreement, the aggregate number of shares of Parent Common Stock issuable and the Cash Consideration payable pursuant to Section 1.6 4.1 in exchange for outstanding shares of Company NurLogic Capital Stock; provided, however, that, on behalf of the holders of -------- ------- Company NurLogic Capital Stock, and pursuant to Article VIII hereofof the Reorganization Agreement, Parent shall deposit into an escrow account a number of shares of Parent Common Stock equal to the Escrow Amount out of the aggregate number of shares of Parent Common Stock otherwise issuable pursuant to Section 1.64.1. The portion of the Escrow Amount contributed on behalf of each holder of Company NurLogic Capital Stock shall be in proportion to the aggregate number of shares of Parent Common Stock which such holder would otherwise be entitled to receive under Section 1.6 4.1 by virtue of ownership of outstanding shares of Company NurLogic Capital Stock.

Appears in 1 contract

Samples: Merger Agreement (Artisan Components Inc)

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Parent to Provide Parent Common Stock. Promptly after Prior to the ------------------------------------- Effective TimeClosing, Parent shall make available to the Exchange Agent for exchange in accordance with this Article I, I the aggregate number of shares of Parent Common Stock issuable to Company Stockholders pursuant to Section 1.6 in exchange for outstanding shares of Company Capital Stock; provided, however, that, less the Escrow Amount which Parent shall deposit into the Escrow Fund (as defined in Section 7.2(a) hereof) on behalf of the holders of -------- ------- Company Capital Stock, and pursuant to Article VIII hereof, Parent shall deposit into an escrow account a number of shares of Parent Common Stock equal to the Escrow Amount out of the aggregate number of shares of Parent Common Stock otherwise issuable pursuant to Section 1.6Stockholders. The portion of the Escrow Amount contributed on behalf of each holder of Company Capital Stock Stockholder shall be in proportion to the aggregate number of shares of Parent Common Stock which each such holder Company Stockholder would otherwise be entitled to receive under in the Merger as compared to the total number of shares of Parent Common Stock to be issued to holders of outstanding Company Capital Stock pursuant to Section 1.6 1.6(b)(i) above (excluding any shares of Parent Common Stock issuable upon exercise of any assumed Company Options and Warrants) by virtue of ownership of outstanding shares of Company Capital StockStock immediately prior to the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Ibeam Broadcasting Corp)

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