Payment Fund. Concurrently with the Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to Company (the "Paying Agent"), for the benefit of the holders of Shares, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares pursuant to Section 3.1(c) (the "Payment Fund").
Appears in 2 contracts
Samples: Merger Agreement (Interlink Computer Sciences Inc), Merger Agreement (Sterling Software Inc)
Payment Fund. Concurrently with the Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to the Company (the "Paying Agent"), for the benefit of the holders of Shares, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares pursuant to Section 3.1(c) (the "Payment Fund").
Appears in 2 contracts
Samples: Merger Agreement (Nielsen Media Research Inc), Agreement and Plan of Merger (Niner Acquistion Inc)
Payment Fund. Concurrently with the Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to Company (the "Paying Agent"), for the benefit of the holders of Sharesshares of Common Stock, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares shares of Common Stock pursuant to Section 3.1(c) (the "Payment Fund").
Appears in 2 contracts
Samples: Merger Agreement (Associated Materials Inc), Merger Agreement (AMH Holdings, Inc.)
Payment Fund. Concurrently with the Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to Company (the "Paying Agent"), for the benefit of the holders of Shares, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares pursuant to Section 3.1(c) (the "Payment Fund").
Appears in 2 contracts
Samples: Merger Agreement (Abt Building Products Corp), Merger Agreement (Louisiana Pacific Corp)
Payment Fund. Concurrently with the Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to Company Parent (the "Paying Agent"), for the benefit of the holders of Shares, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares pursuant to Section 3.1(c3.1 (c) (the "Payment Fund").
Appears in 1 contract
Samples: Merger Agreement (Ingersoll Rand Co)
Payment Fund. Concurrently with the ------------------ Effective Time, ------------ Parent shall deposit, or shall cause to be deposited, with or for the account of a bank or trust company having net capital of not less than $100,000,000 designated by Parent, which shall be reasonably satisfactory to the Company (the "Paying Agent"), for the benefit of the holders of Shares, cash in an amount sufficient to pay the aggregate Merger Consideration payable upon the conversion of Shares pursuant to Section 3.1(c2.07(c) or Section 2.08 (the "Payment Fund").
Appears in 1 contract
