Closing Merger Consideration definition
Examples of Closing Merger Consideration in a sentence
Neither the Buyer nor the Surviving Company will be liable to any Unitholder for any portion of such Unitholder’s Closing Merger Consideration delivered to any public official pursuant to any applicable abandoned property, escheat or similar Law.
From and after the Effective Time, each holder of Company Units will cease to have any rights as an equityholder of the Surviving Company except as otherwise provided in this Agreement or by applicable Law, and the Buyer and the Surviving Company will be entitled to treat each Company Unit that has not yet been surrendered for exchange solely as evidence of the right to receive the Closing Merger Consideration into which such Company Unit has been converted pursuant to the Merger.
Each of the parties agrees to treat any payments under this Article 9 as an adjustment to the Closing Merger Consideration for all Tax purposes unless otherwise prohibited by applicable Law.