Examples of Contingent Fund in a sentence
Refac Optical GroupNotes to Consolidated Financial StatementsJanuary 31, 2006 Pursuant to the Palisade Merger Agreement, we have restricted a portion of our cash and investments being held to maturity to maintain the Contingent Fund (as defined in the Palisade Merger Agreement) reserved to pay the Payment Amount.As of January 31, 2006, stockholders holding an aggregate of 65,567 shares have exercised their Payment Rights.
Such Contingent Fund shall be retained by the Liquidating Trust, and shall be held and administered in accordance with its terms, a copy of which Liquidating Trust Agreement is attached as Exhibit A.
Pursuant to the Palisade Merger Agreement the Company has restricted $4,642,000 of its investments being held to maturity to maintain the Contingent Fund (as defined in the Palisade Merger Agreement).
Any Contingent Fund amounts related to Payment Rights that are not properly exercised on or before September 30, 2007 will become unrestricted.