Investment of Payment Fund. The Payment Agent shall invest any cash included in the Payment Fund as directed by the Surviving Corporation. Any interest or other income resulting from such investments shall be paid to the Surviving Corporation. The Surviving Corporation shall replace any net losses incurred by the Payment Fund as a result of investments made pursuant to this Section 2.2(f).
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Oriole Homes Corp), Agreement and Plan of Merger (Loeb Partners Corp), Agreement and Plan of Merger (Levy Richard D)
Investment of Payment Fund. The Payment Paying Agent shall invest any cash included in the Payment Fund Fund, as directed by the Surviving Corporation, on a daily basis. Any interest or and other income resulting from such investments shall be paid to the Surviving Corporation. The Surviving Corporation shall replace any net losses incurred by the Payment Fund as a result of investments made pursuant to this Section 2.2(f).
Appears in 1 contract
Samples: Agreement and Plan of Merger (Nobel Learning Communities Inc)
