Common use of Share of Escrow Fund and Expense Fund Disbursements Clause in Contracts

Share of Escrow Fund and Expense Fund Disbursements. With respect to any cash disbursements, if any, made from the Escrow Fund by the Escrow Agent to the Securityholders in accordance with the terms of the Escrow Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A Conversion Ratio by (2) the Escrow FD Number. With respect to any cash disbursements, if any, made from the Stockholder Expense Fund by the Stockholder Expense Fund Agent to the Securityholders in accordance with the terms of the Stockholder Expense Fund Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A Conversion Ratio by (2) the Escrow FD Number.

Appears in 1 contract

Samples: Agreement of Investment and Merger (Techne Corp /Mn/)

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Share of Escrow Fund and Expense Fund Disbursements. With respect to any cash disbursements, if any, made from the Escrow Fund by the Escrow Agent to the Securityholders in accordance with the terms of the Escrow Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A B Conversion Ratio by (2) the Escrow FD Number. With respect to any cash disbursements, if any, made from the Stockholder Expense Fund by the Stockholder Expense Fund Agent to the Securityholders in accordance with the terms of the Stockholder Expense Fund Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A B Conversion Ratio by (2) the Escrow FD Number.

Appears in 1 contract

Samples: Agreement of Investment and Merger (Techne Corp /Mn/)

Share of Escrow Fund and Expense Fund Disbursements. With respect to any cash disbursements, if any, made from the Escrow Fund by the Escrow Agent to the Securityholders in accordance with the terms of the Escrow Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A D Conversion Ratio by (2) the Escrow FD Number. With respect to any cash disbursements, if any, made from the Stockholder Expense Fund by the Stockholder Expense Fund Agent to the Securityholders in accordance with the terms of the Stockholder Expense Fund Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A D Conversion Ratio by (2) the Escrow FD Number.

Appears in 1 contract

Samples: Agreement of Investment and Merger (Techne Corp /Mn/)

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Share of Escrow Fund and Expense Fund Disbursements. With respect to any cash disbursements, if any, made from the Escrow Fund by the Escrow Agent to the Securityholders in accordance with the terms of the Escrow Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A C Conversion Ratio by (2) the Escrow FD Number. With respect to any cash disbursements, if any, made from the Stockholder Expense Fund by the Stockholder Expense Fund Agent to the Securityholders in accordance with the terms of the Stockholder Expense Fund Agreement, an amount determined by dividing (1) the product of (x) the amount of such disbursement multiplied by (y) the Series A C Conversion Ratio by (2) the Escrow FD Number.

Appears in 1 contract

Samples: Agreement of Investment and Merger (Techne Corp /Mn/)

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