Common use of Paying Agent; Certificate Surrender Procedures Clause in Contracts

Paying Agent; Certificate Surrender Procedures. (a) As soon as reasonably practicable following the Effective Time, the Parent Corporation will deposit, or cause to be deposited, with the Paying Agent, an amount in cash sufficient to provide all funds necessary for the Paying Agent to make payment of the Merger Consideration pursuant to Section 1.8 (the "Payment Fund"). Pending payment of such funds to the holders of certificates for shares of Company Common Stock, such funds will be held and may be invested by the Paying Agent as Parent Corporation directs (so long as such directions do not impair the rights of holders of Company Common Stock) in the direct obligations of the United States, obligations for which the full faith and credit of the United States is pledged to provide for the payment of principal and interest or commercial paper rated of the highest quality by Moodx'x Xxxestors Services, Inc. or Standard & Poor's Corporation. Any net profit resulting from, or interest or income produced by, such investments will be payable to the Surviving Corporation or Parent Corporation, as Parent Corporation directs. Parent Corporation will promptly replace any monies lost through any investment made pursuant to this Section 3.2.

Paying Agent; Certificate Surrender Procedures. (a) As soon as reasonably practicable following the Effective Time, the Parent Corporation will deposit, or cause to be deposited, with the Paying Agent, an amount in cash sufficient to provide all funds necessary for the Paying Agent to make payment of the Merger Consideration pursuant to Section 1.8 2.8 (the "Payment Fund"). Pending payment of such funds to the holders of certificates Certificates for shares of Company Common Stock, such funds will be held and may be invested by the Paying Agent as the Parent Corporation directs (so long as such directions do not impair the rights of holders of Company Common Stock) in the direct obligations of the United States, obligations for which the full faith and credit of the United States is pledged to provide for the payment of principal and interest or commercial paper rated of the highest quality by Moodx'x Xxxestors Moody's Investors Services, Inc. or Standard & Poor's CorporationCorporatixx. Any Xxx net profit resulting from, or interest or income produced by, such investments will be payable to the Surviving Corporation or Parent Corporationthe Parent, as the Parent Corporation directs. The Parent Corporation will promptly replace any monies lost through any investment made pursuant to this Section 3.23.2(a).

Paying Agent; Certificate Surrender Procedures. (a) As soon as reasonably practicable following the Effective Time, the Parent Corporation will deposit, or cause to be deposited, with the Paying Agent, an amount in cash sufficient to provide all funds necessary for the Paying Agent to make payment of the Merger Consideration pursuant to Section 1.8 2.8 (the "Payment Fund"). Pending payment of such funds to the holders of certificates Certificates for shares of Company Common Stock, such funds will be held and may be invested by the Paying Agent as the Parent Corporation directs (so long as such directions do not impair the rights of holders of Company Common Stock) in the direct obligations of the United States, obligations for which the full faith and credit of the United States is pledged to provide for the payment of principal and interest or commercial paper rated of the highest quality by Moodx'x Xxxestors Services, Inc. or Standard & Poor's Corporation. Any net profit resulting from, or interest or income produced by, such investments will be payable to the Surviving Corporation or Parent Corporationthe Parent, as the Parent Corporation directs. The Parent Corporation will promptly replace any monies lost through any investment made pursuant to this Section 3.23.2(a).

Paying Agent; Certificate Surrender Procedures. (a) As soon as reasonably practicable following the Effective Time, the Parent Corporation will deposit, or cause to be deposited, with the Paying Agent, an amount in cash sufficient to provide all funds necessary for the Paying Agent to make payment of the Merger Consideration pursuant to Section 1.8 (the "Payment Fund"). Pending payment of such funds to the holders of certificates for shares of Company Common Stock, such funds will be held and may be invested by the Paying Agent as Parent Corporation directs (so long as such directions do not impair the rights of holders of Company Common Stock) in the direct obligations of the United States, obligations for which the full faith and credit of the United States is pledged to provide for the payment of principal and interest or commercial paper rated of the highest quality by Moodx'x Xxxestors Xxxxx'x Investors Services, Inc. or Standard & Poor's Corporation. Any net profit resulting from, or interest or income produced by, such investments will be payable to the Surviving Corporation or Parent Corporation, as Parent Corporation directs. Parent Corporation will promptly replace any monies lost through any investment made pursuant to this Section 3.2.