Common use of Unclaimed Funds Clause in Contracts

Unclaimed Funds. Any portion of the Payment Fund made available to the Exchange Agent pursuant to Section 2.9(a) that remains unclaimed by holders of the Certificates for six months after the Effective Time of the Merger shall be delivered to Parent, upon demand, and any holders of Certificates who have not theretofore complied with this Article II shall thereafter look only to Parent for payment of their claim for Merger Consideration.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Vlsi Technology Inc), Agreement and Plan of Merger (Koninklijke Philips Electronics Nv), Agreement and Plan of Merger (Vlsi Technology Inc)

AutoNDA by SimpleDocs

Unclaimed Funds. Any portion of the Payment Fund made available to the Exchange Agent pursuant to Section 2.9(a) that remains unclaimed by holders of the Certificates for six months 180 days after the Effective Time of the Merger shall be delivered to Parent, upon demand, and any holders of Certificates who have not theretofore complied with this Article II shall thereafter look only to Parent for payment of their claim for the Merger Consideration.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rental Service Corp), Agreement and Plan of Merger (Rental Service Corp)

Unclaimed Funds. Any portion of the Payment Fund made available to the Exchange Agent pursuant to Section 2.9(a) that remains unclaimed by holders of the Certificates for six months after the Effective Time of the Merger shall be delivered to Parentthe Surviving Corporation or a United States parent thereof, upon demand, and any holders of Certificates who have not theretofore complied with this Article II shall thereafter look only to Parent for payment of their claim for Merger Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Koninklijke Numico Nv)

AutoNDA by SimpleDocs

Unclaimed Funds. Any portion of the Payment Fund made available to the Exchange Agent pursuant to Section 2.9(a) that remains unclaimed by holders of the Certificates for six months after the Effective Time of the Merger shall be delivered to Parent, upon demand, and any holders of Certificates who have not theretofore complied with this Article II shall thereafter look only to Parent for payment of their claim for Merger ConsiderationConsideration and any portion of the Merger Consideration made available to the Exchange Agent to pay for Company Common Stock for which dissenters' rights have been perfected shall be returned to Parent, upon demand.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Technical Olympic Usa Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!