Common use of Payments to Holdings Clause in Contracts

Payments to Holdings. Any amounts payable to Holdings pursuant to this Article VI shall be satisfied: (i) by set-off against any amounts owed under the Promissory Notes in accordance with Section 8.6; and (ii) to the extent such amounts exceed the amount outstanding under the Promissory Notes, from the Target Company Members in accordance with their Pro Rata Shares pursuant to Section 8.6.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (AIRO Group, Inc.), Agreement and Plan of Merger (AIRO Group, Inc.)

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Payments to Holdings. Any amounts payable to Holdings pursuant to this Article VI shall be satisfied: (i) by set-off against any amounts owed under the Promissory Notes in accordance with Section 8.6; and (ii) to the extent such amounts exceed the amount outstanding under the Promissory Notes, from the Target Company Members Stockholders in accordance with their Pro Rata Shares pursuant to Section 8.6.

Appears in 1 contract

Samples: Agreement and Plan of Merger (AIRO Group, Inc.)

Payments to Holdings. Any amounts payable to Holdings pursuant to this Article VI shall be satisfied: (i) by set-off against any amounts owed under the Promissory Notes Note in accordance with Section 8.68.6(b); and (ii) to the extent such amounts exceed the amount outstanding under the Promissory NotesNote, from the Target Company Members Stockholders, severally and not jointly (in accordance with their Pro Rata Shares pursuant to Section 8.6Shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (GigCapital2, Inc.)

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Payments to Holdings. Any amounts payable to Holdings pursuant to this Article VI shall be satisfied: (i) by set-off against any amounts owed under the Promissory Notes Note in accordance with Section 8.68.6(b); and (ii) to the extent such amounts exceed the amount outstanding under the Promissory NotesNote, from the Target Company Members Members, severally and not jointly (in accordance with their Pro Rata Shares pursuant to Section 8.6Shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (GigCapital2, Inc.)

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