Payment Fund definition

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

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

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

Examples of Payment Fund in a sentence

• In the event the Payment Fund shall be insufficient to pay the aggregate Upfront Consideration payable pursuant to Section 2.1(b), Section 3.4, Section 3.5(a)(i) and Section 3.5(b), Parent shall, or shall cause Merger Sub to, promptly deposit additional funds with the Paying Agent in an amount which is equal to the deficiency in the amount required to make such payment.

• The Payment Fund may be invested by the Paying Agent as reasonably directed by P▇▇▇▇▇; provided, however, that any investment of such cash shall in all events be limited to direct short-term obligations of, or short-term obligations fully guaranteed as to principal and interest by, the U.S. government, in commercial paper rated P-1 or A-1 or better by M▇▇▇▇’▇ Investors Service, Inc.

• Parent shall cause the Paying Agent to make, and the Paying Agent shall make, delivery of the Upfront Consideration out of the Payment Fund in accordance with this Agreement.

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 is defined in Section 2.6(a).

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 is defined in Section 1.6(a) of the Agreement.

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.