Common use of Undistributed Payment Funds Clause in Contracts

Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders as of the date that is 180 days after the Closing Date shall be delivered to Parent upon demand, and Effective Time Holders who have not theretofore surrendered their Company Stock Certificates in accordance with this Section 1.8 shall thereafter look only to Parent for satisfaction of their claims for the Merger Consideration payable with respect to the shares of Capital Stock previously represented by such Company Stock Certificates, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Under Armour, Inc.), Agreement and Plan of Merger (Under Armour, Inc.), Agreement and Plan of Merger (Under Armour, Inc.)

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Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders as of the date that is 180 days after the Closing Date Effective Time shall be delivered to Parent upon demand, and the Effective Time Holders who have not theretofore surrendered their Company Outstanding Capital Stock Certificates in accordance with this Section 1.8 1.12, shall thereafter look only to Parent for satisfaction of their claims for the Merger Consideration payable with respect to the shares of such Outstanding Capital Stock previously represented by such Company Stock CertificatesStock, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Life360, Inc.)

Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders as of the date that is 180 days after the Closing Date Effective Time shall be delivered to Parent upon demand, and the Effective Time Holders who have not theretofore surrendered their Company Outstanding Capital Stock Certificates in accordance with this Section 1.8 1.11, shall thereafter look only to Parent for satisfaction of their claims for the Merger Consideration payable with respect to the shares of such Outstanding Capital Stock previously represented by such Company Stock CertificatesStock, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Life360, Inc.)

Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders as of the date that is 180 days after the Closing Date shall be delivered to Parent upon demand, and Effective Time Holders who have not theretofore surrendered their Company Stock Certificates or Company Warrants in accordance with this Section 1.8 1.10 shall thereafter look only to Parent for satisfaction of their claims for the Merger Consideration payable with respect to the shares of Company Capital Stock previously represented by such Company Stock Certificates, and/or Certificates or the shares of Company Capital Stock subject to Vested Outstanding Optionssuch Company Warrants, in each case as applicable, without any interest thereon.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Onyx Pharmaceuticals Inc)

Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to the Effective Time Holders as of the date that is 180 days after the Closing Date shall be delivered to Parent upon demand, and the Effective Time Holders who have not theretofore surrendered their Company Stock Certificates in accordance with this Section 1.8 1.11 shall thereafter look only to Parent for satisfaction of their claims for the any Merger Consideration payable and/or issuable with respect to the shares of Capital Stock previously represented by such Company Stock Certificates, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Indie Semiconductor, Inc.)

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Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders as of the date that is 180 days after the Closing Date shall be delivered to Parent upon demand, and Effective Time Holders who have not theretofore surrendered their Company Stock Certificates in accordance with this Section 1.8 1.9 shall thereafter look only to Parent for satisfaction of their claims for the Merger Consideration payable with respect to the shares of Company Capital Stock previously represented by such Company Stock Certificates, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 1 contract

Samples: Agreement of Merger (Riverbed Technology, Inc.)

Undistributed Payment Funds. Any portion of the Payment Fund that remains undistributed to Effective Time Holders Stockholders as of the date that is 180 days after the Closing Date shall be delivered to Parent upon demand, and the Effective Time Holders Stockholders who have not theretofore surrendered their Company Stock Certificates in accordance with this Section 1.8 1.9 shall thereafter look only to Parent for satisfaction of their claims for the portion of the Merger Consideration payable with respect to the shares of Company Capital Stock previously represented by such Company Stock Certificates, and/or shares of Capital Stock subject to Vested Outstanding Options, in each case without any interest thereon.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fusion-Io, Inc.)

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