Common use of Purchase of Company Common Stock Clause in Contracts

Purchase of Company Common Stock. Parent or Merger Sub shall have accepted for payment and paid for shares of Company Common Stock pursuant to the Offer in accordance with the terms of this Agreement except that this condition shall not be a condition to Parent’s and Merger Sub’s obligation to effect the Merger if the Tender Offer Conditions shall have been satisfied at the Expiration Date and Parent or Merger Sub shall have failed to purchase the shares of Company Common Stock pursuant to the Offer in breach of their obligations under this Agreement.

Appears in 4 contracts

Samples: Merger Agreement (Darden Restaurants Inc), Merger Agreement (Independent Brewers United, Inc.), Merger Agreement (Rare Hospitality International Inc)

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Purchase of Company Common Stock. Parent or Merger Sub shall have accepted for payment and paid for shares of Company Common Stock pursuant to the Offer in accordance with the terms of this Agreement Agreement. except that this condition shall not be a condition to Parent’s and Merger Sub’s obligation to effect the Merger if the Tender Offer Conditions shall have been satisfied at the Expiration Date and Parent or Merger Sub shall have failed to purchase the shares of Company Common Stock pursuant to the Offer in breach of their obligations under this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Cardinal Health Inc), Merger Agreement (Cardinal Health Inc), Merger Agreement (Viasys Healthcare Inc)

Purchase of Company Common Stock. Parent or Merger Sub shall have accepted for payment and paid for purchased pursuant to the Offer all shares of Company Common Stock pursuant to the Offer in accordance with the terms of this Agreement except duly tendered and not withdrawn; provided, however, that this condition shall not be a condition to Parent’s and Merger Sub’s obligation to effect the Merger if the Tender Offer Conditions shall have been satisfied at the Expiration Date and neither Parent or nor Merger Sub shall be entitled to rely on the condition in this clause (b) if either of them shall have failed to purchase the shares of Company Common Stock pursuant to the Offer in breach of their obligations under this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Ikos Systems Inc), Merger Agreement (Mentor Graphics Corp), Merger Agreement (Mentor Graphics Corp)

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Purchase of Company Common Stock. Parent or Merger Sub shall have accepted for payment and paid for shares of Company Common Stock pursuant to the Offer Offer, in accordance with the terms of this Agreement Agreement, except that this condition shall not be a condition to Parent’s and Merger Sub’s obligation to effect the Merger if the Tender Offer Conditions shall have been satisfied at the Expiration Date and Parent or Merger Sub shall have failed to purchase the shares of Company Common Stock pursuant to the Offer in breach of their obligations under this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Adams Respiratory Therapeutics, Inc.)

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