Common use of Termination of Merger Fund Clause in Contracts

Termination of Merger Fund. Any portion of the Merger Fund that remains unclaimed by the holders of Certificates or Book-Entry Shares and other eligible Persons in accordance with this Article IV following six (6) months after the Effective Time shall be delivered to or as directed by the Surviving Corporation upon demand, and any such holder who has not previously complied with this Article IV shall thereafter look only to the Surviving Corporation, and the Surviving Corporation shall remain liable, for payment of any such holder’s claim for the Merger Consideration, without any interest thereon.

Appears in 2 contracts

Samples: Merger Agreement (Sciclone Pharmaceuticals Inc), Merger Agreement (Multi Fineline Electronix Inc)

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Termination of Merger Fund. Any portion of the Merger Fund that remains unclaimed by the former holders of Certificates or Book-Entry Shares Common Units and other eligible Persons in accordance with this Article IV following six one (61) months year after the Effective Time shall be delivered to or as directed by the Surviving Corporation Company upon demand, and any such holder or eligible Person who has not previously complied with this Article IV shall thereafter look only to the Surviving CorporationCompany, and the Surviving Corporation Company shall remain liable, for payment of any such holder’s or eligible Person’s claim for the Merger Consideration, Consideration without any interest thereoninterest.

Appears in 1 contract

Samples: Merger Agreement (Macquarie Infrastructure Corp)

Termination of Merger Fund. Any portion of the Merger Fund that remains unclaimed by the holders of Certificates or Book-Entry Shares and other eligible Persons in accordance with this Article IV following six one (61) months year after the Effective Time shall be delivered to or as directed by the Surviving Corporation upon demand, and any such holder who has not previously complied with this Article IV shall thereafter look only to the Surviving Corporation, and the Surviving Corporation shall remain liable, for payment of any such holder’s claim for the Merger Consideration, without any interest thereon.

Appears in 1 contract

Samples: Merger Agreement (Fisher Communications Inc)

Termination of Merger Fund. Any portion of the Merger Fund that remains unclaimed by the former holders of Certificates or Book-Entry Common Shares and other eligible Persons in accordance with this Article ARTICLE IV following six one (61) months year after the Effective Time shall be delivered to or as directed by the Surviving Corporation upon demand, and any such holder or eligible Person who has not previously complied with this Article ARTICLE IV shall thereafter look only to the Surviving CorporationCorporation (and not to Parent or any Affiliate of Parent), and the Surviving Corporation shall remain liable, for payment of any such holder’s or eligible Person’s claim for the Merger Consideration, without any interest thereon.

Appears in 1 contract

Samples: Merger Agreement (Lifepoint Health, Inc.)

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Termination of Merger Fund. Any portion of the Merger Fund (including any interest and other income resulting from any investment of the Merger Fund) that remains unclaimed by the holders of Certificates or Book-Entry Shares Holders and other eligible Persons in accordance with this Article IV following six (6) months after the Effective Time shall be delivered to or as directed by the Surviving Corporation Corporation, upon demand, and any such holder Holder who has not previously complied with this Article IV shall thereafter look only to the Surviving CorporationCorporation for, and the Surviving Corporation shall remain liableliable for, for payment of any such holder’s its claim for the Merger Consideration, without any interest thereon.

Appears in 1 contract

Samples: Merger Agreement (Usi Holdings Corp)

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