{"component": "clause", "props": {"groups": [{"size": 352, "snippet": "Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i)\n(A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.", "samples": [{"hash": "k9T0qO7Zn1q", "uri": "/contracts/k9T0qO7Zn1q#payment-procedures", "label": "Rights Agreement (Interpore International /Ca/)", "score": 18.0, "published": true}, {"hash": "k5f9m7pQH0O", "uri": "/contracts/k5f9m7pQH0O#payment-procedures", "label": "Rights Agreement (Questcor Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "hfOcPUAWqLp", "uri": "/contracts/hfOcPUAWqLp#payment-procedures", "label": "Rights Agreement (First Washington Realty Trust Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-receipt-of-a-right-certificate", "type": "clause", "offset": [0, 35]}, {"key": "form-of-election-to-purchase", "type": "definition", "offset": [78, 106]}, {"key": "duly-executed", "type": "clause", "offset": [125, 138]}, {"key": "purchase-price-for", "type": "clause", "offset": [180, 198]}, {"key": "total-number-of", "type": "definition", "offset": [203, 218]}, {"key": "equal-to", "type": "definition", "offset": [289, 297]}, {"key": "transfer-tax", "type": "definition", "offset": [313, 325]}, {"key": "by-the-holder", "type": "clause", "offset": [346, 359]}, {"key": "such-right", "type": "definition", "offset": [363, 373]}, {"key": "in-accordance-with", "type": "clause", "offset": [386, 404]}, {"key": "section-9", "type": "definition", "offset": [405, 414]}, {"key": "check-or-money-order", "type": "clause", "offset": [453, 473]}, {"key": "payable-to", "type": "definition", "offset": [474, 484]}, {"key": "order-of-the-company", "type": "definition", "offset": [489, 509]}, {"key": "agent-shall", "type": "definition", "offset": [522, 533]}, {"key": "the-preferred-shares", "type": "clause", "offset": [600, 620]}, {"key": "make-available", "type": "definition", "offset": [625, 639]}, {"key": "the-transfer-agent", "type": "definition", "offset": [664, 682]}, {"key": "certificates-for-the", "type": "clause", "offset": [684, 704]}, {"key": "shares-to-be-purchased", "type": "clause", "offset": [725, 747]}, {"key": "the-company-hereby", "type": "clause", "offset": [752, 770]}, {"key": "comply-with", "type": "definition", "offset": [816, 827]}, {"key": "the-company-shall", "type": "clause", "offset": [857, 874]}, {"key": "rights-hereunder", "type": "clause", "offset": [966, 982]}, {"key": "depository-agent", "type": "clause", "offset": [990, 1006]}, {"key": "depositary-agent", "type": "clause", "offset": [1029, 1045]}, {"key": "depositary-receipts", "type": "definition", "offset": [1046, 1065]}, {"key": "represented-by", "type": "clause", "offset": [1223, 1237]}, {"key": "from-the-company", "type": "clause", "offset": [1441, 1457]}, {"key": "in-lieu-of", "type": "clause", "offset": [1488, 1498]}, {"key": "the-issuance", "type": "clause", "offset": [1499, 1511]}, {"key": "fractional-shares", "type": "definition", "offset": [1515, 1532]}, {"key": "section-14", "type": "definition", "offset": [1552, 1562]}, {"key": "after-receipt-of", "type": "clause", "offset": [1626, 1642]}, {"key": "registered-holder", "type": "definition", "offset": [1744, 1761]}, {"key": "in-the-event", "type": "clause", "offset": [2000, 2012]}, {"key": "to-issue", "type": "clause", "offset": [2043, 2051]}, {"key": "securities-of-the-company", "type": "definition", "offset": [2058, 2083]}, {"key": "other-property", "type": "definition", "offset": [2112, 2126]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2127, 2146]}, {"key": "the-company-will", "type": "clause", "offset": [2155, 2171]}, {"key": "available-for-distribution", "type": "definition", "offset": [2266, 2292]}], "hash": "2fb01c912e6e06699535929fed5acef3", "id": 1}, {"size": 261, "snippet": "(i) As soon as reasonably practicable after the Effective Time and in any event not later than the fifth Business Day following the Effective Time, the Paying Agent shall mail to each holder of record of Shares whose Shares were converted into the Merger Consideration pursuant to this ARTICLE II, (A) a letter of transmittal (which shall specify that delivery shall be effected, and risk of loss and title to Certificates shall pass, only upon delivery of Certificates to the Paying Agent or, in the case of Book-Entry Shares, upon adherence to the procedures set forth in the letter of transmittal, as applicable) and (B) instructions for use in effecting the surrender of Certificates or Book-Entry Shares in exchange for the Merger Consideration.\n(ii) Upon surrender of Certificates or Book-Entry Shares to the Paying Agent, together with such letter of transmittal, duly completed and validly executed in accordance with the instructions thereto, and such other documents as may customarily be required by the Paying Agent, the holder of such Certificates or Book-Entry Shares shall be entitled to receive in exchange therefor a check in an amount equal to the product of (x) the number of Shares represented by such holder\u2019s properly surrendered Certificates or Book-Entry Shares multiplied by (y) the Merger Consideration per Share. In the event of a transfer of ownership of Shares that is not registered in the transfer records of the Company, a check for any cash to be paid upon due surrender of the Certificate may be paid to such a transferee if the Certificate formerly representing such Shares is presented to the Paying Agent, accompanied by all documents required to evidence and effect such transfer and to evidence that any applicable stock transfer Taxes have been paid or are not applicable.", "samples": [{"hash": "lXhNWVXUhjD", "uri": "/contracts/lXhNWVXUhjD#payment-procedures", "label": "Rights Agreement (K Tron International Inc)", "score": 21.0301170349, "published": true}, {"hash": "5qNN1wz9usy", "uri": "/contracts/5qNN1wz9usy#payment-procedures", "label": "Merger Agreement (K Tron International Inc)", "score": 21.0301170349, "published": true}, {"hash": "1iBmX4Khgz4", "uri": "/contracts/1iBmX4Khgz4#payment-procedures", "label": "Merger Agreement (Hillenbrand, Inc.)", "score": 21.0273780823, "published": true}], "snippet_links": [{"key": "after-the-effective-time", "type": "clause", "offset": [38, 62]}, {"key": "business-day", "type": "definition", "offset": [105, 117]}, {"key": "following-the-effective-time", "type": "clause", "offset": [118, 146]}, {"key": "agent-shall", "type": "definition", "offset": [159, 170]}, {"key": "mail-to", "type": "definition", "offset": [171, 178]}, {"key": "record-of-shares", "type": "clause", "offset": [194, 210]}, {"key": "the-merger-consideration", "type": "clause", "offset": [244, 268]}, {"key": "pursuant-to", "type": "clause", "offset": [269, 280]}, {"key": "article-ii", "type": "definition", "offset": [286, 296]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [304, 325]}, {"key": "title-to", "type": "clause", "offset": [401, 409]}, {"key": "delivery-of-certificates", "type": "clause", "offset": [445, 469]}, {"key": "in-the-case", "type": "clause", "offset": [494, 505]}, {"key": "entry-shares", "type": "clause", "offset": [514, 526]}, {"key": "the-procedures", "type": "definition", "offset": [546, 560]}, {"key": "instructions-for-use", "type": "clause", "offset": [624, 644]}, {"key": "surrender-of-certificates", "type": "clause", "offset": [662, 687]}, {"key": "in-exchange", "type": "clause", "offset": [709, 720]}, {"key": "validly-executed", "type": "clause", "offset": [890, 906]}, {"key": "in-accordance-with", "type": "clause", "offset": [907, 925]}, {"key": "other-documents", "type": "definition", "offset": [961, 976]}, {"key": "required-by", "type": "definition", "offset": [999, 1010]}, {"key": "the-holder", "type": "clause", "offset": [1029, 1039]}, {"key": "to-receive", "type": "definition", "offset": [1100, 1110]}, {"key": "equal-to", "type": "definition", "offset": [1153, 1161]}, {"key": "the-product", "type": "definition", "offset": [1162, 1173]}, {"key": "number-of-shares", "type": "definition", "offset": [1185, 1201]}, {"key": "represented-by", "type": "clause", "offset": [1202, 1216]}, {"key": "merger-consideration-per-share", "type": "definition", "offset": [1308, 1338]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1340, 1357]}, {"key": "ownership-of-shares", "type": "clause", "offset": [1370, 1389]}, {"key": "not-registered", "type": "clause", "offset": [1398, 1412]}, {"key": "records-of-the-company", "type": "clause", "offset": [1429, 1451]}, {"key": "paid-upon", "type": "definition", "offset": [1480, 1489]}, {"key": "the-certificate", "type": "clause", "offset": [1507, 1522]}, {"key": "presented-to", "type": "definition", "offset": [1612, 1624]}, {"key": "documents-required", "type": "clause", "offset": [1662, 1680]}, {"key": "and-effect", "type": "clause", "offset": [1693, 1703]}, {"key": "stock-transfer-taxes", "type": "definition", "offset": [1754, 1774]}, {"key": "not-applicable", "type": "definition", "offset": [1797, 1811]}], "hash": "aea6d4df8c3fb4416d9ab7e23d7905a9", "id": 3}, {"size": 184, "snippet": "Payments of Distributions (including any Additional Interest Amounts), the Redemption Price, Liquidation Amount or any other amounts in respect of the Preferred Securities shall be made by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing at least ten (10) Business Days prior to the date for payment by the Person entitled thereto unless proper written transfer instructions have not been received by the relevant record date, in which case such payments shall be made by check mailed to the address of such Person as such address shall appear in the Securities Register. If any Preferred Securities are held by a Depositary, such Distributions thereon shall be made to the Depositary in immediately available funds. Payments in respect of the Common Securities shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of all the Common Securities.", "samples": [{"hash": "euQ87HxUEx0", "uri": "/contracts/euQ87HxUEx0#payment-procedures", "label": "Trust Agreement (Paragon Commercial CORP)", "score": 27.4394245148, "published": true}, {"hash": "eays5TDGCxM", "uri": "/contracts/eays5TDGCxM#payment-procedures", "label": "Trust Agreement (Entegra Financial Corp.)", "score": 25.2080764771, "published": true}, {"hash": "gAmYu7XVykU", "uri": "/contracts/gAmYu7XVykU#payment-procedures", "label": "Trust Agreement (Wilshire Bancorp Inc)", "score": 25.1971244812, "published": true}], "snippet_links": [{"key": "payments-of-distributions", "type": "clause", "offset": [0, 25]}, {"key": "additional-interest-amounts", "type": "definition", "offset": [41, 68]}, {"key": "redemption-price", "type": "definition", "offset": [75, 91]}, {"key": "liquidation-amount", "type": "clause", "offset": [93, 111]}, {"key": "other-amounts", "type": "definition", "offset": [119, 132]}, {"key": "in-respect-of", "type": "clause", "offset": [133, 146]}, {"key": "the-preferred-securities", "type": "clause", "offset": [147, 171]}, {"key": "by-wire-transfer", "type": "clause", "offset": [186, 202]}, {"key": "in-the-united-states", "type": "clause", "offset": [262, 282]}, {"key": "in-writing", "type": "definition", "offset": [304, 314]}, {"key": "prior-to-the", "type": "clause", "offset": [347, 359]}, {"key": "payment-by-the", "type": "clause", "offset": [369, 383]}, {"key": "transfer-instructions", "type": "clause", "offset": [430, 451]}, {"key": "received-by", "type": "definition", "offset": [466, 477]}, {"key": "relevant-record-date", "type": "definition", "offset": [482, 502]}, {"key": "payments-shall-be", "type": "clause", "offset": [523, 540]}, {"key": "by-check", "type": "clause", "offset": [546, 554]}, {"key": "securities-register", "type": "clause", "offset": [628, 647]}, {"key": "to-the-depositary", "type": "clause", "offset": [744, 761]}, {"key": "immediately-available-funds", "type": "clause", "offset": [765, 792]}, {"key": "payments-in", "type": "clause", "offset": [794, 805]}, {"key": "common-securities", "type": "definition", "offset": [821, 838]}, {"key": "mutually-agreed", "type": "definition", "offset": [880, 895]}, {"key": "property-trustee", "type": "definition", "offset": [908, 924]}, {"key": "the-holder", "type": "clause", "offset": [929, 939]}], "hash": "38e95cbed95db4d3a7475d0e934346c0", "id": 5}, {"size": 293, "snippet": "Promptly following the Effective Time (and in any event within three Business Days), Parent and the Surviving Corporation will cause the Payment Agent to mail to each holder of record (as of immediately prior to the Effective Time) of (i) a certificate or certificates that immediately prior to the Effective Time represented outstanding shares of Company Common Stock (other than Dissenting Company Shares and Owned Company Shares) (the \u201cCertificates\u201d); and (ii) uncertificated shares of Company Common Stock that represented outstanding shares of Company Common Stock (other than Dissenting Company Shares and Owned Company Shares) (the \u201cUncertificated Shares\u201d) (A) a letter of transmittal in customary form (which will specify that delivery will be effected, and risk of loss and title to the Certificates will pass, only upon delivery of the Certificates to the Payment Agent); and (B) instructions for use in effecting the surrender of the Certificates and Uncertificated Shares in exchange for the Per Share Price payable in respect thereof pursuant to Section 2.7. Upon surrender of Certificates for cancellation to the Payment Agent, together with such letter of transmittal, duly completed and validly executed in accordance with the instructions thereto, the holders of such Certificates will be entitled to receive in exchange therefor an amount in cash equal to the product obtained by multiplying (x) the aggregate number of shares of Company Common Stock represented by such Certificate; by (y) the Per Share Price (less any applicable withholding Taxes payable in respect thereof), and the Certificates so surrendered will forthwith be cancelled. Upon receipt of an \u201cagent\u2019s message\u201d by the Payment Agent (or such other evidence, if any, of transfer as the Payment Agent may reasonably request) in the case of a book-entry transfer of Uncertificated Shares, the holders of such Uncertificated Shares will be entitled to receive in exchange therefor an amount in cash equal to the product obtained by multiplying (1) the aggregate number of shares of Company Common Stock represented by such holder\u2019s transferred Uncertificated Shares; by (2) the Per Share Price (less any applicable withholding Taxes payable in respect thereof), and the transferred Uncertificated Shares so surrendered will be cancelled. The Payment Agent will accept such Certificates and transferred Uncertificated Shares upon compliance with such reasonable terms and conditions as the Payment Agent may impose to cause an orderly exchange thereof in accordance with normal exchange practices. No interest will be paid or accrued for the benefit of holders of the Certificates and Uncertificated Shares on the Per Share Price payable upon the surrender of such Certificates and Uncertificated Shares pursuant to this Section 2.9(c). Until so surrendered, outstanding Certificates and Uncertificated Shares will be deemed from and after the Effective Time to evidence only the right to receive the Per Share Price, without interest thereon, payable in respect thereof pursuant to Section 2.7. Notwithstanding anything to the contrary in this Agreement, no holder of Uncertificated Shares will be required to provide a Certificate or an executed letter of transmittal to the Payment Agent in order to receive the payment that such holder is entitled to receive pursuant to Section 2.7.", "samples": [{"hash": "g2tOcP7nFi9", "uri": "/contracts/g2tOcP7nFi9#payment-procedures", "label": "Merger Agreement (Xactly Corp)", "score": 28.408624649, "published": true}, {"hash": "dLNXanFzuNu", "uri": "/contracts/dLNXanFzuNu#payment-procedures", "label": "Merger Agreement (Cvent Inc)", "score": 27.2943191528, "published": true}, {"hash": "gkKRa0Awq1u", "uri": "/contracts/gkKRa0Awq1u#payment-procedures", "label": "Merger Agreement (Tibco Software Inc)", "score": 25.7419567108, "published": true}], "snippet_links": [{"key": "following-the-effective-time", "type": "clause", "offset": [9, 37]}, {"key": "business-days", "type": "definition", "offset": [69, 82]}, {"key": "parent-and-the-surviving-corporation", "type": "clause", "offset": [85, 121]}, {"key": "payment-agent", "type": "definition", "offset": [137, 150]}, {"key": "mail-to", "type": "definition", "offset": [154, 161]}, {"key": "holder-of-record", "type": "definition", "offset": [167, 183]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [203, 230]}, {"key": "company-common-stock", "type": "definition", "offset": [348, 368]}, {"key": "dissenting-company-shares", "type": "clause", "offset": [381, 406]}, {"key": "owned-company-shares", "type": "clause", "offset": [411, 431]}, {"key": "uncertificated-shares", "type": "definition", "offset": [464, 485]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [670, 691]}, {"key": "title-to-the", "type": "clause", "offset": [783, 795]}, {"key": "delivery-of-the", "type": "clause", "offset": [830, 845]}, {"key": "instructions-for-use", "type": "clause", "offset": [890, 910]}, {"key": "in-exchange", "type": "clause", "offset": [984, 995]}, {"key": "price-payable", "type": "clause", "offset": [1014, 1027]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1047, 1066]}, {"key": "certificates-for", "type": "clause", "offset": [1090, 1106]}, {"key": "validly-executed", "type": "clause", "offset": [1203, 1219]}, {"key": "in-accordance-with", "type": "clause", "offset": [1220, 1238]}, {"key": "the-holders", "type": "clause", "offset": [1265, 1276]}, {"key": "equal-to", "type": "definition", "offset": [1365, 1373]}, {"key": "the-product", "type": "definition", "offset": [1374, 1385]}, {"key": "number-of-shares-of", "type": "clause", "offset": [1428, 1447]}, {"key": "represented-by", "type": "clause", "offset": [1469, 1483]}, {"key": "taxes-payable", "type": "definition", "offset": [1562, 1575]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [1662, 1680]}, {"key": "other-evidence", "type": "clause", "offset": [1729, 1743]}, {"key": "reasonably-request", "type": "definition", "offset": [1790, 1808]}, {"key": "in-the-case", "type": "clause", "offset": [1810, 1821]}, {"key": "transfer-of", "type": "definition", "offset": [1838, 1849]}, {"key": "compliance-with", "type": "clause", "offset": [2412, 2427]}, {"key": "terms-and-conditions", "type": "definition", "offset": [2444, 2464]}, {"key": "no-interest", "type": "clause", "offset": [2580, 2591]}, {"key": "holders-of-the-certificates", "type": "definition", "offset": [2635, 2662]}, {"key": "outstanding-certificates", "type": "definition", "offset": [2841, 2865]}, {"key": "from-and-after-the-effective-time", "type": "clause", "offset": [2907, 2940]}, {"key": "right-to-receive", "type": "clause", "offset": [2962, 2978]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [3078, 3118]}, {"key": "in-this-agreement", "type": "clause", "offset": [3119, 3136]}, {"key": "provide-a", "type": "definition", "offset": [3193, 3202]}, {"key": "in-order-to", "type": "clause", "offset": [3273, 3284]}], "hash": "d211c220af082f1b4eb0bc3b2854aea1", "id": 2}, {"size": 255, "snippet": "(a) Unless otherwise specified in this Agreement, a Proper Invoice submitted by the Contractor to the Designated Payment Office shall be required to initiate payment for goods, property or services. As soon as any invoice is received in the Designated Payment Office during normal business hours, such invoice shall be date-stamped. The invoice shall then promptly be reviewed by NYSERDA.\n(b) NYSERDA shall notify the Contractor within fifteen (15) calendar days after Receipt of an Invoice of:\n(1) any defects in the delivered goods, property or services;\n(2) any defects in the invoice; or\n(3) suspected improprieties of any kind.\n(c) The existence of any defects or suspected improprieties shall prevent the commencement of the time period specified in Section 504.3 until any such defects or improprieties are corrected or otherwise resolved.\n(d) If NYSERDA fails to notify a Contractor of a defect or impropriety within the fifteen (15) calendar day period specified in subdivision (b) of this section, the sole effect shall be that the number of days allowed for Payment shall be reduced by the number of days between the 15th day and the day that notification was transmitted to the Contractor. If NYSERDA fails to provide reasonable grounds for its contention that a defect or impropriety exists, the sole effect shall be that the Payment Due Date shall be calculated using the original date of Receipt of an Invoice.\n(e) In the absence of any defect or suspected impropriety, or upon satisfactory correction or resolution of a defect or suspected impropriety, NYSERDA shall make Payment, consistent with any such correction or resolution and the provisions of this Exhibit.", "samples": [{"hash": "4jhPmOn0Fqc", "uri": "/contracts/4jhPmOn0Fqc#payment-procedures", "label": "Contract Agreement", "score": 36.4196891785, "published": true}, {"hash": "bl3IW8JTc9R", "uri": "/contracts/bl3IW8JTc9R#payment-procedures", "label": "Contract Agreement", "score": 35.7225914001, "published": true}, {"hash": "69R7cQ8yhxm", "uri": "/contracts/69R7cQ8yhxm#payment-procedures", "label": "Contract Agreement", "score": 35.7173881531, "published": true}], "snippet_links": [{"key": "in-this-agreement", "type": "clause", "offset": [31, 48]}, {"key": "proper-invoice", "type": "clause", "offset": [52, 66]}, {"key": "contractor-to", "type": "clause", "offset": [84, 97]}, {"key": "designated-payment-office", "type": "definition", "offset": [102, 127]}, {"key": "payment-for-goods", "type": "definition", "offset": [158, 175]}, {"key": "normal-business-hours", "type": "definition", "offset": [274, 295]}, {"key": "reviewed-by", "type": "definition", "offset": [368, 379]}, {"key": "notify-the", "type": "clause", "offset": [407, 417]}, {"key": "receipt-of-an-invoice", "type": "definition", "offset": [469, 490]}, {"key": "commencement-of-the", "type": "clause", "offset": [711, 730]}, {"key": "time-period", "type": "clause", "offset": [731, 742]}, {"key": "a-contractor", "type": "clause", "offset": [878, 890]}, {"key": "a-defect", "type": "definition", "offset": [894, 902]}, {"key": "day-period", "type": "clause", "offset": [951, 961]}, {"key": "days-allowed", "type": "clause", "offset": [1052, 1064]}, {"key": "for-payment", "type": "clause", "offset": [1065, 1076]}, {"key": "the-day", "type": "definition", "offset": [1141, 1148]}, {"key": "to-the-contractor", "type": "clause", "offset": [1183, 1200]}, {"key": "to-provide", "type": "definition", "offset": [1219, 1229]}, {"key": "reasonable-grounds", "type": "definition", "offset": [1230, 1248]}, {"key": "payment-due-date", "type": "clause", "offset": [1339, 1355]}, {"key": "date-of-receipt", "type": "clause", "offset": [1395, 1410]}, {"key": "make-payment", "type": "definition", "offset": [1583, 1595]}, {"key": "consistent-with", "type": "definition", "offset": [1597, 1612]}, {"key": "this-exhibit", "type": "definition", "offset": [1669, 1681]}], "hash": "2470ec042a5e4b056f1f0661326e2528", "id": 4}, {"size": 150, "snippet": "(a) Prior to the Effective Time, TPB shall appoint EQ Shareowner Services or such other bank or trust company reasonably acceptable to SDI to act as exchange and paying agent (the \u201cExchange Agent\u201d) for the payment of the Stock Merger Consideration and the Fractional Share Consideration. At or prior to the Effective Time, TPB shall deposit with the Exchange Agent evidence of book entry shares representing the TPB Common Stock issuable pursuant to Section 1.5. The TPB Common Stock constituting the Stock Merger Consideration and the Fractional Share Consideration, together with any dividends or distributions received by the Exchange Agent with respect to such shares, are referred to collectively as the \u201cExchange Fund.\u201d\n(b) Promptly after the Effective Time, TPB shall cause the Exchange Agent to mail to the SDI Stockholders who were record holders of shares of SDI Common Stock that were converted into the right to receive a portion of the Stock Merger Consideration a letter of transmittal in customary form and containing such provisions as TPB may reasonably specify (with all other documentation required to be delivered pursuant to the letter of transmittal) (together, the \u201cLetter of Transmittal\u201d), including instructions for surrendering to the Exchange Agent such holder\u2019s SDI Common Stock in exchange for shares of TPB Common Stock and specifying that delivery shall be effected, and risk of loss and title to any SDI Stock Certificates or SDI Book Entry Shares shall pass, only upon delivery of such SDI Stock Certificates or SDI Book Entry Shares to the Exchange Agent.\n(c) After the Effective Time, upon surrender of a SDI Stock Certificate for cancelation, if applicable, together with delivery to the Exchange Agent of a Letter of Transmittal, duly completed and duly executed in accordance with the instructions thereto, such SDI Stockholder shall be entitled to receive in exchange therefor book entry shares representing such SDI Stockholder\u2019s portion of the Stock Merger Consideration (in a number of whole shares of TPB Common Stock) that such SDI Stockholder has the right to receive pursuant to the provisions of Section 1.5(a) (and any additional whole share of TPB Common Stock payable pursuant to the provisions of Section 1.5(b) and Section 1.5(c)). Until surrendered as contemplated by this Section 1.8(c), any SDI Stock Certificate or SDI Book Entry Share shall be deemed, from and after the Effective Time, to represent only the right to receive upon such surrender such SDI Stockholder\u2019s portion of the Stock Merger Consideration (and any additional whole share of TPB Common Stock payable pursuant to the provisions of Section 1.5(b) and Section 1.5(c)) in exchange for SDI Common Stock held by such SDI Stockholder pursuant to this Agreement. A SDI Stockholder shall not be entitled to receive any portion of the Stock Merger Consideration to which they are otherwise entitled until such SDI Stockholder properly delivers a duly executed Letter of Transmittal and such other documents as may be reasonably required by the Exchange Agent or TPB. The Stock Merger Consideration, any additional whole share of TPB Common Stock payable pursuant to the provisions of Section 1.5(b) and Section 1.5(c), and any dividends or other distributions as are payable pursuant to Section 1.8(d) shall be deemed to have been in full satisfaction of any and all rights pertaining to SDI Common Stock. The terms and conditions of the Letter of Transmittal were specifically negotiated by TPB, SDI and Merger Sub as an inducement for TPB, SDI and Merger Sub to enter into this Agreement and such terms and conditions are an integral part of the terms of this Agreement.\n(d) No dividends or other distributions with respect to TPB Common Stock with a record date after the Effective Time shall be paid to the holder of any SDI Stock Certificate or SDI Book Entry Share, until the surrender of such SDI Stock Certificate or SDI Book Entry Share in accordance with this Section 1.8. Subject to Section 1.8(f), following surrender of any such SDI Stock Certificate or SDI Book Entry Share, there shall be paid to the holder of the TPB Common Stock issued in exchange therefor, without interest, (i) at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time previously paid with respect to such whole shares of TPB Common Stock and (ii) at the appropriate payment date, the amount of dividends or other distributions with a record date after the Effective Time but prior to such surrender and a payment date subsequent to such surrender payable with respect to such whole shares of TPB Common Stock.\n(e) If payment is to be made to a Person other than the SDI Stockholder in whose name such surrendered shares are registered on the stock transfer books of SDI, it shall be a condition of payment that such Person shall have properly delivered a duly executed Letter of Transmittal and such other documents as may be reasonably required by the Exchange Agent or TPB, and paid all applicable transfer and other Taxes required by reason of such payment to a Person other than the registered holder of SDI Common Stock surrendered or shall have established to the satisfaction of the Exchange Agent that such Taxes either have been paid or are not applicable.\n(f) Any portion of the Exchange Fund that remains undistributed as of the date that is one (1) year after the Closing Date shall be delivered to TPB upon demand, and any former holders of SDI Common Stock who have not theretofore properly delivered a duly executed Letter of Transmittal (with all other documentation required to be delivered pursuant to the Letter of Transmittal) and such other documents as may be reasonably required by the Exchange Agent or TPB in accordance with this Section 1.8 shall thereafter look only to TPB for satisfaction of their claims for a portion of the Stock Merger Consideration, any additional whole share of TPB Common Stock payable pursuant to the provisions of Section 1.5(b) and Section 1.5(c), or any dividends or distributions with respect to shares of TPB Common Stock.\n(g) No Party shall be liable to any SDI Stockholder or to any other Person with respect to any shares of TPB Common Stock (or dividends or distributions with respect thereto) or for any cash amounts delivered to any public official pursuant to any applicable abandoned property Law, escheat Law, Tax Law or other similar Law.", "samples": [{"hash": "5WrBFgScE71", "uri": "/contracts/5WrBFgScE71#payment-procedures", "label": "Merger Agreement (Turning Point Brands, Inc.)", "score": 31.2669410706, "published": true}, {"hash": "3SwStIJNEoi", "uri": "/contracts/3SwStIJNEoi#payment-procedures", "label": "Merger Agreement (Standard Diversified Inc.)", "score": 31.2669410706, "published": true}], "snippet_links": [{"key": "prior-to-the-effective-time", "type": "clause", "offset": [4, 31]}, {"key": "bank-or-trust-company", "type": "definition", "offset": [88, 109]}, {"key": "to-act", "type": "definition", "offset": [139, 145]}, {"key": "exchange-and-paying-agent", "type": "definition", "offset": [149, 174]}, {"key": "the-stock-merger-consideration", "type": "clause", "offset": [217, 247]}, {"key": "fractional-share-consideration", "type": "definition", "offset": [256, 286]}, {"key": "the-exchange-agent", "type": "clause", "offset": [346, 364]}, {"key": "evidence-of", "type": "definition", "offset": [365, 376]}, {"key": "entry-shares", "type": "clause", "offset": [382, 394]}, {"key": "stock-issuable", "type": "clause", "offset": [423, 437]}, {"key": "pursuant-to-section", "type": "definition", "offset": [438, 457]}, {"key": "by-the-exchange", "type": "clause", "offset": [622, 637]}, {"key": "exchange-fund", "type": "definition", "offset": [710, 723]}, {"key": "promptly-after-the-effective-time", "type": "clause", "offset": [730, 763]}, {"key": "mail-to", "type": "definition", "offset": [803, 810]}, {"key": "shares-of", "type": "clause", "offset": [859, 868]}, {"key": "right-to-receive", "type": "clause", "offset": [915, 931]}, {"key": "a-portion", "type": "definition", "offset": [932, 941]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [978, 999]}, {"key": "other-documentation-required", "type": "clause", "offset": [1089, 1117]}, {"key": "in-exchange", "type": "clause", "offset": [1307, 1318]}, {"key": "title-to", "type": "clause", "offset": [1419, 1427]}, {"key": "stock-certificates", "type": "definition", "offset": [1436, 1454]}, {"key": "delivery-of", "type": "clause", "offset": [1502, 1513]}, {"key": "if-applicable", "type": "clause", "offset": [1679, 1692]}, {"key": "delivery-to-the", "type": "clause", "offset": [1708, 1723]}, {"key": "duly-executed", "type": "clause", "offset": [1786, 1799]}, {"key": "in-accordance-with", "type": "clause", "offset": [1800, 1818]}, {"key": "number-of", "type": "definition", "offset": [2018, 2027]}, {"key": "whole-shares", "type": "clause", "offset": [2028, 2040]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [2113, 2150]}, {"key": "from-and-after-the-effective-time", "type": "clause", "offset": [2409, 2442]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [2755, 2781]}, {"key": "other-documents", "type": "definition", "offset": [3009, 3024]}, {"key": "required-by", "type": "definition", "offset": [3046, 3057]}, {"key": "satisfaction-of", "type": "clause", "offset": [3357, 3372]}, {"key": "all-rights", "type": "clause", "offset": [3381, 3391]}, {"key": "pertaining-to", "type": "definition", "offset": [3392, 3405]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [3428, 3455]}, {"key": "and-merger-sub", "type": "clause", "offset": [3519, 3533]}, {"key": "to-enter", "type": "definition", "offset": [3579, 3587]}, {"key": "integral-part", "type": "clause", "offset": [3645, 3658]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [3666, 3689]}, {"key": "no-dividends-or-other-distributions", "type": "clause", "offset": [3695, 3730]}, {"key": "record-date", "type": "definition", "offset": [3771, 3782]}, {"key": "the-holder", "type": "clause", "offset": [3825, 3835]}, {"key": "subject-to-section", "type": "clause", "offset": [4001, 4019]}, {"key": "issued-in", "type": "definition", "offset": [4165, 4174]}, {"key": "at-the-time", "type": "definition", "offset": [4216, 4227]}, {"key": "payment-date", "type": "clause", "offset": [4436, 4448]}, {"key": "a-person", "type": "definition", "offset": [4712, 4720]}, {"key": "surrendered-shares", "type": "definition", "offset": [4771, 4789]}, {"key": "stock-transfer-books", "type": "clause", "offset": [4812, 4832]}, {"key": "condition-of-payment", "type": "clause", "offset": [4855, 4875]}, {"key": "transfer-and-other-taxes", "type": "clause", "offset": [5070, 5094]}, {"key": "payment-to-a", "type": "clause", "offset": [5122, 5134]}, {"key": "registered-holder", "type": "definition", "offset": [5157, 5174]}, {"key": "not-applicable", "type": "definition", "offset": [5320, 5334]}, {"key": "after-the-closing-date", "type": "clause", "offset": [5436, 5458]}, {"key": "upon-demand", "type": "clause", "offset": [5485, 5496]}, {"key": "former-holders", "type": "definition", "offset": [5506, 5520]}, {"key": "claims-for", "type": "clause", "offset": [5897, 5907]}, {"key": "distributions-with-respect-to-shares", "type": "clause", "offset": [6093, 6129]}, {"key": "no-party", "type": "clause", "offset": [6155, 6163]}, {"key": "any-other-person", "type": "definition", "offset": [6209, 6225]}, {"key": "cash-amounts", "type": "definition", "offset": [6337, 6349]}, {"key": "public-official", "type": "definition", "offset": [6367, 6382]}, {"key": "abandoned-property-law", "type": "clause", "offset": [6410, 6432]}, {"key": "tax-law", "type": "definition", "offset": [6447, 6454]}, {"key": "similar-law", "type": "clause", "offset": [6464, 6475]}], "hash": "71b27cd9cff6f0ac4dd39b44597fca6f", "id": 6}, {"size": 142, "snippet": "(a) On or prior to the Closing Date, Parent shall select a reputable bank or trust company, reasonably acceptable to the Company, to act as paying agent in the Merger (the \u201cPaying Agent\u201d). At or prior to the Effective Time, Parent shall deposit with the Paying Agent cash in an amount (the \u201cPre-closing Amount\u201d) sufficient, together with the amount in cash to be deposited with the Paying Agent following the Effective Time pursuant to the immediately succeeding sentence, to pay the aggregate amount of Merger Consideration payable in accordance with the terms of this Agreement to the holders of Company Shares and the aggregate amount of the Warrant Consideration payable in accordance with the terms of this Agreement to the holders of Company Warrants. Within two (2) days after the Effective Time, Parent shall deposit, or shall cause the Surviving Company to deposit, with the Paying Agent cash in an amount not to exceed fifteen percent (15%) of the sum of the Merger Consideration and the Warrant Consideration. The cash amount so deposited with the Paying Agent is referred to as the \u201cExchange Fund.\u201d In the event that the Exchange Fund is insufficient to make the payments contemplated by this Agreement, Parent shall promptly deposit additional funds with the Paying Agent in an amount which is equal to such deficiency. The Exchange Fund will not be used for any purpose other than as expressly set out in this Agreement.\n(b) As soon as reasonably practicable after the Effective Time and in any event no later than the third (3rd) Business Day thereafter, Parent shall cause the Paying Agent to mail to the record holders of Company Shares as of immediately prior to the Effective Time, including any record holder of Company Warrants outstanding as of immediately prior to the Effective Time (whether such Company Shares are represented by Company Share Certificates, Book-Entry Shares or Company Warrants Certificates) (i) a letter of transmittal in customary form and containing such provisions as Parent may reasonably specify (which shall be in a form reasonably satisfactory to the Company (prior to the Closing) and shall be submitted to the Company for review at least five (5) Business Days before Parent\u2019s bona fide estimation of the date of the Closing Date and shall include a provision confirming that delivery of Company Share Certificates, Book-Entry Shares or Company Warrants shall be effected, and risk of loss and title to Company Share Certificates, Book-Entry Shares or Company Warrants shall pass, only upon delivery of such Company Share Certificates, Book-Entry Shares or Company Warrants to the Paying Agent), (ii) instructions for use in effecting the surrender of Company Share Certificates or Book-Entry Shares in exchange for the consideration payable pursuant to Section 2.6 for the number of Company Shares previously represented by such Company Share Certificates or Book-Entry Shares, or the surrender of the Company Warrants in exchange for the Warrant Consideration payable pursuant to Section 2.7(b) for the number of Company Shares issuable upon exercise of such Company Warrants, in each case together with a duly executed letter of transmittal and such other documents as may be reasonably required by the Paying Agent or Parent, and (iii) a form of declaration in which the beneficial owner of Company Shares underlying a Company Share Certificate, Book-Entry Shares or Company Warrants provides certain information necessary for Parent to determine whether any amounts need to be withheld from the consideration payable to such beneficial owner pursuant to the terms of the Israeli Tax Ordinance (in each case, subject to the terms of the Withholding Tax Ruling, if obtained) (the \u201cWithholding Tax Declaration\u201d). Until surrendered as contemplated by this Section 2.9, all Company Share Certificates, Book-Entry Shares or Company Warrants shall be deemed, from and after the Effective Time, to represent only the right to receive the consideration payable pursuant to Section 2.6 or Section 2.7(b) (subject to any applicable withholding Tax) as contemplated by Section 2.6 or Section 2.7(b). If any Company Share Certificate or Company Warrants Certificates shall have been lost, stolen or destroyed, Parent may, in its discretion and as a condition to the payment of the consideration payable pursuant to Section 2.6 or Section 2.7(b), require the owner of such lost, stolen or destroyed Company Share Certificate or Company Warrants Certificates to provide an appropriate affidavit of loss (in a form reasonably satisfactory to Parent) and to deliver a bond (in such sum as Parent may reasonably direct) as indemnity against any claim that may be made against the Paying Agent, Parent or the Surviving Company with respect to such Company Share Certificate or Company Warrants Certificates.\n(c) Upon surrender of a Company Share Certificate or Company Warrants (or affidavit of loss and bond as indemnity, in lieu thereof, or, in the case of a Book-Entry Share, receipt of an \u2018agents message\u2019 by the Paying Agent, it being understood that any references herein to Company Share Certificates shall be deemed to include references to book-entry account statements relating to the ownership of Book-Entry Shares, provided that the holders of any Book-Entry Shares shall not be required to surrender any Certificates in connection with the procedures set forth in this Section 2) for cancellation to the Paying Agent, together with a letter of transmittal duly completed and validly executed in accordance with the instructions thereto, and such other documents as may be reasonably required pursuant to such instructions, and the Withholding Tax Declaration, the holder of such Company Share Certificate, Book-Entry Share or Company Warrants shall be entitled to receive the consideration, without interest and subject to any applicable withholding Tax (calculated and withheld in accordance with Section 2.10), in exchange therefor pursuant to Section 2.6 or Section 2.7(b), to be mailed (or made available for collection by hand if so elected by the surrendering holder) promptly and in any event within five (5) Business Days following the later to occur of (i) the Paying Agent\u2019s receipt of the Exchange Fund, and (ii) the Paying Agent\u2019s receipt of such Company Share Certificate (or affidavit of loss and bond as indemnity in lieu thereof), Book-Entry Share or Company Warrants (or affidavit of loss and bond as indemnity in lieu thereof), and the Company Share Certificate, Book-Entry Share or Company Warrants so surrendered shall forthwith be cancelled within five (5) Business Days.\n(d) If payment of any consideration is to be made to a person other than the person in whose name the surrendered Company Share Certificate, Book-Entry Share or Company Warrants is registered or whose name appears on the records of a nominee company (Chevra Le\u2019Rishumim) in accordance with a duly completed and validly executed letter of transmittal, it shall be a condition of payment that (i) the Company Share Certificate, Book-Entry Share or Company Warrants so surrendered shall be properly endorsed or shall otherwise be in proper form for transfer and reasonably satisfactory to Parent, and (ii) the person requesting such payment shall have paid any transfer and other Taxes required by reason of the payment of any consideration to a person other than the registered holder of such Company Share Certificate (or affidavit of loss and bond as required pursuant to Section 2.9(b) above), Book-Entry Share or Company Warrants (or affidavit of loss and bond as required pursuant to Section 2.9(b) above) surrendered or shall have established, to the reasonable satisfaction of the Surviving Corporation, that such Tax either has been paid or is not applicable.\n(e) No interest shall be paid or accrued for the benefit of the holders of the Company Share Certificates, Book-Entry Shares or Company Warrants on the consideration payable to such holders pursuant to this Agreement.\n(f) Any portion of the Exchange Fund that remains undistributed to holders of Company Share Certificates, Book-Entry Shares or Company Warrants as of the first anniversary of the Effective Time shall be delivered to Parent upon demand, and any holders of Company Share Certificates, Book-Entry Shares or Company Warrants who have not theretofore surrendered their Company Share Certificates, Book-Entry Shares or Company Warrants in accordance with this Section 2.9 shall thereafter look only to Parent for payment of any consideration payable pursuant to Section 2.6 or Section 2.7(b). Subject to Section 2.9(g), if, at any time after any portion of the Exchange Fund has been delivered to Parent, Company Share Certificates, Book-Entry Shares or Company Warrants are presented to Parent or the Surviving Corporation for any reason, they shall be cancelled and exchanged as provided in this Section 2 and Parent and the Surviving Corporation, to the extent required by this Section 2, shall make the payments to the holder of such Company Shares or Company Warrants as set out in this Section 2.9. Parent shall be the owner of any interest or other amounts earned on the Exchange Fund.\n(g) Neither Parent nor the Surviving Company shall be liable to any holder or former holder of Company Shares or to any other person with respect to any Per Share Amount or Warrant Consideration delivered to any public official pursuant to any applicable abandoned property Law, escheat Law or similar Law. In the event that this Agreement is terminated prior to the Effective Time for any reason and any cash has been transmitted to the Paying Agent, such cash transmitted by Parent shall promptly be returned to Parent and such cash shall promptly be returned to Parent. If any Company Share Certificate, Book-Entry Share or Company Warrants has not been surrendered before five (5) years after the Effective Time (or such earlier date on which any consideration would otherwise escheat to or become the property of any Governmental Authority), any Per Share Amount, any Warrant Consideration, dividends or distributions in respect of such Company Share Certificate, Book-Entry Share or Company Warrants shall, to the extent permitted by Law, become the property of the Surviving Corporation, free and clear of all claims or interest of any person previously entitled thereto.\n(h) Parent may cause the Paying Agent to invest the Exchange Fund deposited with the Paying Agent as directed by Parent; provided, however, that no such investment or loss thereon shall affect any right of any holder of Company Shares or Company Warrants to receive the consideration payable hereunder or any payment therefrom and that the terms and conditions of the investments shall be such as to permit the Paying Agent to make prompt payments as necessary. Parent may cause the Paying Agent to pay over to the Surviving Company, Parent or one of its non-U.S. affiliates of Parent any net earnings with respect to the investments, and Parent through one of its non-U.S. affiliates shall replace promptly any portion of the cash that the Paying Agent loses through investments so that the Exchange Fund is at all times sufficient to make all payments that may be required hereunder.", "samples": [{"hash": "8cUwoiLxaLe", "uri": "/contracts/8cUwoiLxaLe#payment-procedures", "label": "Merger Agreement (NCR Corp)", "score": 24.101984024, "published": true}, {"hash": "l1QUJnfAfta", "uri": "/contracts/l1QUJnfAfta#payment-procedures", "label": "Merger Agreement (Retalix LTD)", "score": 23.9404525757, "published": true}, {"hash": "3jhd45E8CPR", "uri": "/contracts/3jhd45E8CPR#payment-procedures", "label": "Merger Agreement (Retalix LTD)", "score": 23.9103355408, "published": true}], "snippet_links": [{"key": "prior-to-the-closing-date", "type": "clause", "offset": [10, 35]}, {"key": "bank-or-trust-company", "type": "definition", "offset": [69, 90]}, {"key": "to-the-company", "type": "definition", "offset": [114, 128]}, {"key": "to-act", "type": "definition", "offset": [130, 136]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [195, 222]}, {"key": "the-paying-agent", "type": "definition", "offset": [250, 266]}, {"key": "closing-amount", "type": "definition", "offset": [295, 309]}, {"key": "to-be-deposited", "type": "definition", "offset": [357, 372]}, {"key": "following-the-effective-time", "type": "clause", "offset": [395, 423]}, {"key": "to-pay", "type": "clause", "offset": [473, 479]}, {"key": "aggregate-amount", "type": "clause", "offset": [484, 500]}, {"key": "consideration-payable", "type": "definition", "offset": [511, 532]}, {"key": "in-accordance-with", "type": "clause", "offset": [533, 551]}, {"key": "agreement-to", "type": "definition", "offset": [570, 582]}, {"key": "holders-of", "type": "clause", 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