Investment of Payment Fund. Until disbursed in accordance with the terms and conditions of this Agreement, the cash in the Payment Fund shall be invested by the Exchange Agent, as directed by Parent or the Surviving Company, in obligations of the United States of America or any agency or instrumentality thereof and backed by the full faith and credit of the United States with a maturity of no more than 30 days. No losses with respect to any investments of the Payment Fund shall affect the amounts payable to the holders of Certificates or Book-Entry Shares. Any income from investment of the Payment Fund shall be payable to Parent or the Surviving Company, as Parent directs.
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Samples: Agreement and Plan of Merger and Reorganization (Cerecor Inc.), Agreement and Plan of Merger and Reorganization (Cerecor Inc.), Agreement and Plan of Merger and Reorganization (Aevi Genomic Medicine, Inc.)
Investment of Payment Fund. Until disbursed in accordance with the terms and conditions of this Agreement, the cash in the Payment Fund shall will be invested by the Exchange Agent, as directed by Parent or the Surviving CompanyCorporation, in obligations of the United States of America or any agency or instrumentality thereof and backed by the full faith and credit of the United States with a maturity of no more than 30 days. No losses with respect to any investments of the Payment Fund shall will affect the amounts payable to the holders of Certificates or Book-Entry Shares. Any income from investment of the Payment Fund shall will be payable to Parent or the Surviving CompanyCorporation, as Parent directs.
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Investment of Payment Fund. Until disbursed in accordance with the terms and conditions of this Agreement, the cash in the Payment Fund shall will be invested by the Exchange Agent, as directed by Parent or the Surviving CompanyCorporation, in obligations of the United States of America U.S. or any agency or instrumentality thereof and backed by the full faith and credit of the United States U.S. with a maturity of no more than 30 days. No losses with respect to any investments of the Payment Fund shall will affect the amounts payable to the holders of Certificates or Book-Entry Shares. Any income from investment of the Payment Fund shall will be payable to Parent or the Surviving CompanyCorporation, as Parent directs.
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