Examples of Deferred Merger Consideration in a sentence
On or prior to the Closing Date, the Company, Parent, Merger Sub, and a designated representative of the holders of the Company Common Stock shall execute and deliver the Escrow Agreement, which Escrow Agreement shall provide for Parent's right to seek payment for a breach of any representation, warranty, covenant, or agreement contained in this Agreement or any document contemplated hereby from the Deferred Merger Consideration Fund.
The beneficial holders of the Parent Common Stock shall be entitled to direct the manner in which the Escrow Agent shall vote the shares of Parent Company Common Stock held in the Deferred Merger Consideration Fund.
Any portion of the Deferred Merger Consideration Fund (including the proceeds of any investments thereof and any shares of Parent Common Stock) that remains unclaimed by the former stockholders of the Company two years after the Effective Time shall be delivered to the Surviving Corporation.
As of the Effective Time, Parent shall deposit, or shall cause to be deposited, with the Escrow Agent, for the benefit of the holders of shares of the Company Common Stock (other than Dissenting Shares), for distribution in accordance with this Article IX, the Deferred Merger Consideration (the "Deferred Merger Consideration Fund").
No amount was payable as Deferred Merger Consideration on January 14, 2000, the first anniversary of the date of the merger agreement.