Undistributed Amounts Clause Samples
The "Undistributed Amounts" clause defines how funds or assets that have not yet been allocated or distributed are to be handled within an agreement. Typically, this clause outlines the process for holding, managing, or investing these amounts until they are distributed to the appropriate parties, and may specify any conditions or timelines for eventual distribution. Its core practical function is to ensure transparency and proper management of undistributed resources, preventing disputes or confusion over unallocated funds during the term of the agreement.
Undistributed Amounts. Any portion of the Exchange Fund or the Cash Deposit which remains undistributed for six months after the Effective Time shall be delivered to Parent, and any holder of Company Capital Stock who has not theretofore complied with the provisions of this Article III shall thereafter look only to Parent for satisfaction of their claims for Parent Common Stock or any cash in lieu of fractional shares of Parent Common Stock and any Presurrender Dividends.
Undistributed Amounts. 17 SECTION 3.08. DISSENTING SHARES. . . . . . . . . . . . . . . . . . . . 17 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY
Undistributed Amounts. The amount of Aggregate Undistributed Secondary Obligor Funds at any time exceeds $2,000,000; or
Undistributed Amounts. Any portion of the Exchange Fund or the Cash Deposit which remains undistributed for six months after the Effective Time shall be delivered to WAG, and any holder of Company Common Stock who has not theretofore complied with the provisions of this Article III shall thereafter look only to WAG for satisfaction of their claims for WAG Common Stock or any cash in lieu of fractional shares of WAG Common Stock and any Presurrender Dividends.
Undistributed Amounts. 15 SECTION 3.08 DISSENTING SHARES. . . . . . . . . . . . . . . . . . . . 15
Undistributed Amounts. Any cash or stock certificates that remain undistributed to the Holders of CVRs twelve (12) months after the applicable payment date set forth in any Milestone Compliance Certificate, as applicable, shall be delivered to Parent, upon demand, and any Holders of CVRs who have not theretofore received cash or stock certificates in exchange for such CVRs shall thereafter look only to Parent for payment of their claim therefor. Notwithstanding any other provisions of this Agreement, any portion of the consideration provided by Parent to the Exchange Agent that remains unclaimed 180 days after termination of this Agreement in accordance with Section 6.11 hereof (or such earlier date immediately prior to such time as such amounts would otherwise escheat to, or become property of, any Governmental Entity) shall, to the extent permitted by law become the property of Parent free and clear of any claims or interest of any person previously entitled thereto.
Undistributed Amounts. 17 SECTION 3.08. Dissenting Shares....................................................................... 17
Undistributed Amounts. 15 ARTICLE IV
Undistributed Amounts. 18 SECTION 3.08