Common use of Undistributed Merger Consideration Clause in Contracts

Undistributed Merger Consideration. Any portion of the funds made available to the Paying Agent pursuant to Section 2.1 that remains undistributed on the date that is twelve (12) months after the Effective Time shall be delivered to Parent or its designee, upon demand, and any holders of Company Common Stock who have not theretofore complied with this Article 2 shall thereafter look only to Parent (subject to applicable abandoned property, escheat or similar Laws) for the Merger Consideration to which such holders are entitled pursuant to Section 1.8 and this Article 2, and subject to Section 2.4, Parent shall pay the Merger Consideration to such holders.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Journal Media Group, Inc.), Agreement and Plan of Merger (Gannett Co., Inc.)

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Undistributed Merger Consideration. Any portion of the funds made available to the Paying Agent pursuant to Section 2.1 that remains undistributed to holders of Certificates or Book-Entry Shares on the date that is twelve (12) months after the Effective Time shall be delivered to Parent or its designee, upon demandany successor thereof, and any holders of Company Common Stock Certificates or Book-Entry Shares who have not theretofore complied with this Article 2 shall thereafter look only to Parent or any successor thereof (subject to applicable abandoned property, escheat or similar Laws) for the Merger Consideration to which such holders are entitled pursuant to Section 1.8 and this Article 2, and subject to Section 2.4, Parent shall pay the Merger Consideration to such holders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Assisted Living Concepts Inc)

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Undistributed Merger Consideration. Any portion of the funds made available to the Paying Agent pursuant to Section 2.1 3.1 that remains undistributed on the date that is twelve (12) 12 months after the Effective Time shall be delivered to Parent or its designee, upon demand, and any holders of Company Common Stock the Company’s stockholders who have not theretofore complied with this Article 2 3 shall thereafter look only to Parent (subject to applicable abandoned property, escheat or similar Laws) for payment of the Merger Consideration to which such holders are entitled pursuant to Section 1.8 2.8(a) and this Article 23, and subject to Section 2.43.4, Parent shall pay the Merger Consideration to such holders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Columbus McKinnon Corp)

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