Exchange Fund definition

Exchange Fund shall have the meaning set forth in Section 3.2(a).

Exchange Fund has the meaning set forth in Section 2.2(a).

Exchange Fund shall have the meaning set forth in Section 1.7(a).

Examples of Exchange Fund in a sentence

• The Paying Agent shall invest the Exchange Fund as reasonably directed by Parent; provided that such investments shall be in obligations of or guaranteed by the United States of America, in commercial paper obligations rated A-1 or P-1 or better by Mxxxx’x Investors Service, Inc.

• The Exchange Fund shall not be used for any purpose other than to pay the aggregate Offer Price in the Offer and the aggregate Merger Consideration in the Merger.

• Any interest and other income resulting from such investment shall become a part of the Exchange Fund, and any amounts in excess of the amounts payable under Section 2.2(a)(ii) and Section 4.5(a) shall be promptly returned to Parent or the Surviving Corporation, as requested by Parent.

• Any portion of the Exchange Fund (including the proceeds of any investments thereof) that remains unclaimed by the holders of Shares one (1) year after the Effective Time shall be delivered to the Surviving Corporation.

More Definitions of Exchange Fund

Exchange Fund has the meaning set forth in Section 2.5(c).

Exchange Fund. Section 2.2(a)

Exchange Fund has the meaning set forth in Section 4.2(a)(i).

Exchange Fund has the meaning set forth in Section 3.04(a).

Exchange Fund has the meaning set forth in Section 3.03(a).

Exchange Fund shall have the meaning given such term in Section 2.5.

Exchange Fund shall have the meaning ascribed thereto in Section 2.1 hereof.