Payment for Common Shares. (a) From and after the Effective Time, a bank or trust company designated by Purchaser shall act as paying agent (the "Paying Agent") in effecting the ------------ payment of the Merger Price in respect of certificates (the "Share ----- Certificates") that, prior to the Effective Time, represented Common Shares entitled to payment of the Merger Price pursuant to Section 2.07. At the ------------ Effective Time, Purchaser shall deposit, or cause to be deposited, in trust with the Paying Agent the aggregate Merger Price to which holders of Common Shares shall be entitled at the Effective Time pursuant to Section 2.07. -------------
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Samples: Agreement and Plan of Merger (CLC Acquisition Corp), Agreement and Plan of Merger (Coinmach Laundry Corp)
Payment for Common Shares. (a) From and after Prior to the Effective Time, Purchaser shall designate a bank or trust company designated by Purchaser shall reasonably acceptable to the Company to act as paying agent (the "Paying Agent") in effecting the ------------ payment of the Merger Offer Price in respect of certificates (the "Share ----- Certificates") that, immediately prior to the Effective Time, represented represent Common Shares (the "Certificates") entitled to payment of the Merger Offer Price pursuant to Section 2.072.7. At the ------------ Effective Time, Parent or Purchaser shall deposit, or cause to be deposited, in trust with the Paying Agent the aggregate Merger Offer Price to which holders of Common Shares shall be entitled at the Effective Time pursuant to Section 2.07. -------------2.7.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Metropolitan Life Insurance Co/Ny), Agreement and Plan of Merger (Metropolitan Life Insurance Co/Ny)
Payment for Common Shares. (a) From and after Prior to the Effective Time, the Purchaser shall designate a bank or trust company designated by Purchaser shall reasonably acceptable to the Company to act as paying agent (the "Paying Agent") in effecting the ------------ payment of the Merger Price in respect of certificates (the "Share ----- Certificates") that, prior to the Effective Time, represented Common Shares (the "Certificates") entitled to payment of the Merger Price pursuant to Section 2.072.7. At the ------------ Effective Time, Parent or the Purchaser shall deposit, or cause to be deposited, in trust with the Paying Agent the aggregate Merger Price to which holders of Common Shares shall be entitled at the Effective Time pursuant to Section 2.07. -------------2.7.
Appears in 1 contract
Samples: Agreement and Plan of Merger (GMG Acquisition Corp)
Payment for Common Shares. (a) From and after the Effective Time, a bank or trust company designated by Purchaser and reasonably acceptable to the Company shall act as paying agent (the "Paying Agent") in effecting the ------------ payment of the Merger Price in respect of certificates (the "Share ----- Certificates") that, prior to the Effective Time, represented Common Shares entitled to payment of the Merger Price pursuant to Section 2.071.07. At the ------------ Effective Time, Purchaser the Company shall deposit, or cause to be deposited, in trust with the Paying Agent the aggregate Merger Price to which holders of Common Shares shall be entitled at the Effective Time pursuant to Section 2.07. -------------1.07.
Appears in 1 contract
