Payment Fund definition

Payment Fund has the meaning set forth in Section 2.02(a).

Payment Fund has the meaning set forth in Section 3.02(a).

Payment Fund shall have the meaning set forth in Section 2.6(a).

Examples of Payment Fund in a sentence

• Any portion of the Payment Fund that remains unclaimed by the holders of Shares six (6) months after the Effective Time shall be delivered to the Surviving Corporation, upon demand, and any such holder who has not exchanged Shares for the Merger Consideration in accordance with this Section 2.07 prior to that time shall thereafter look only to the Surviving Corporation as a general creditor thereof for payment of the Merger Consideration.

• The Senior Payment Fund shall be held and administered by the Custodian in accordance with the terms of the Custodial Agreement.

• None of Parent, Merger Sub, the Company, the Surviving Corporation or the Paying Agent shall be liable to any Person in respect of any cash from the Payment Fund delivered to a public official pursuant to and in accordance with any applicable abandoned property, escheat or similar Applicable Law.

• Moneys in the Senior Payment Fund shall be applied by the Custodian only as set forth in the Custodial Agreement and the Senior Payment Fund is hereby pledged to secure the obligations of the Authority to the Bank under this Agreement and the 2016 Senior Note.

• City shall receive a credit against amounts so due, equal to any amounts held in the Payment Fund in excess of the amount then required to be in the Payment Fund.

More Definitions of Payment Fund

Payment Fund is defined in Section 2.6(a) of the Agreement.

Payment Fund shall have the meaning set forth in Section 3.5.

Payment Fund means the monies which have been paid by me to you and kept in a separate suspense account opened and maintained by you for such purposes as you deem fit and which you may deal with in accordance with these Terms and Conditions.

Payment Fund means cash in an amount sufficient to make payment of the Merger Consideration pursuant to Section 2.1(c) in exchange for all of the outstanding shares of Company Common Stock (other than shares of Company Common Stock cancelled in accordance with Section 2.1(b)).

Payment Fund has the meaning assigned to such term in Section 1.7(a) of the Agreement.

Payment Fund has the meaning set forth in Section 1.8(a).

Payment Fund is defined in Section 2.6(a).