Common use of Termination of Payment Fund Clause in Contracts

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III shall thereafter look only to Parent or any successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Alpine Immune Sciences, Inc.), Agreement and Plan of Merger (POINT Biopharma Global Inc.), Agreement and Plan of Merger (DICE Therapeutics, Inc.)

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Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12six-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III II shall thereafter look only to Parent or any successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (ARMO BioSciences, Inc.), Agreement and Plan of Merger (Loxo Oncology, Inc.), Agreement and Plan of Merger (Dermira, Inc.)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent the Company or its designated Affiliate, upon demand, and any former holder of the Company Common Stock entitled to payment of Merger Consideration the Cash Amount who has not theretofore complied with this Article III shall thereafter look only to Parent the Company or any successor-in-interest of Parent the Company for payment of its claim for Merger Consideration the Cash Amount (subject to applicable abandoned property, escheat and other similar Law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Theseus Pharmaceuticals, Inc.), Agreement and Plan of Merger (Pardes Biosciences, Inc.)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III II shall thereafter look only to Parent or any its successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Celator Pharmaceuticals Inc), Agreement and Plan of Merger (Jazz Pharmaceuticals PLC)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-12 month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III I shall thereafter look only to Parent or any its successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Avantor, Inc.), Agreement and Plan of Merger (VWR Corp)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III II shall thereafter look only to Parent or any successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Stryker Corp), Agreement and Plan of Merger (Vocera Communications, Inc.)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month twelve (12)-month anniversary of the Merger Closing Date shall be delivered to Parent the Company or its designated Affiliate, upon demand, and any former holder of the Company Common Stock entitled to payment of Merger Consideration the Cash Amount who has not theretofore complied with this Article III shall thereafter look only to Parent the Company or any successor-in-interest of Parent the Company for payment of its claim for Merger Consideration the Cash Amount (subject to applicable abandoned property, escheat and other similar Law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Kinnate Biopharma Inc.), Agreement and Plan of Merger (XOMA Corp)

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Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III shall thereafter look only to Parent or any successor-in-interest of Parent as a general creditor for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 1 contract

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

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent the Surviving Corporation or its designated Affiliate, upon demand, and any former holder of the Company Common Stock entitled to payment of the Merger Consideration who has not theretofore complied with this Article III shall thereafter look only to Parent and the Surviving Corporation or any successor-in-interest of Parent the Surviving Corporation for payment of its claim for the Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 1 contract

Samples: Agreement and Plan of Merger (NGM Biopharmaceuticals Inc)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III I shall thereafter look only to Parent or any its successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Igate Corp)

Termination of Payment Fund. Any portion of the Payment Fund (and any interest or other income earned thereon) that remains undistributed as of the 12-month anniversary of the Merger Closing Date shall be delivered to Parent or its designated Affiliateaffiliate, upon demand, and any former holder of Company Common Stock entitled to payment of Merger Consideration who has not theretofore complied with this Article III II shall thereafter look only to Parent or any successor-in-interest of Parent for payment of its claim for Merger Consideration (subject to applicable abandoned property, escheat and other similar Law).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Vitae Pharmaceuticals, Inc)

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