Common use of Withholding Rights Clause in Contracts

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (United Parcel Service Inc), Agreement and Plan of Merger (Women Com Networks Inc), Agreement and Plan of Merger (Hearst Communications Inc)

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Withholding Rights. The Each of the Acquiror and the Surviving Corporation shall be entitled to deduct and withhold from the any consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax lawapplicable Tax Law. To the extent that such amounts are so withheld or paid over to or deposited with the relevant Governmental Authority by the Acquiror or the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder applicable Person in respect of to which such deduction and withholding was made by the Surviving Corporationmade.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Infospace Inc), Agreement and Plan of Merger (H&r Block Inc), Agreement and Plan of Merger

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of shares of Sprint Capital Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of Sprint Capital Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Mci Worldcom Inc), Agreement and Plan of Merger (Sprint Corp), Agreement and Plan of Merger (Mci Worldcom Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any person pursuant to this Agreement Article (and pay over to any Company Stockholder the appropriate governmental authority) such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Intek Global Corp), Agreement and Plan of Merger (Securicor International LTD), Agreement and Plan of Merger (Intek Global Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares or Options such amounts as it the Surviving Corporation is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holders of the Shares or Options in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (School Specialty Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder person such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder(as defined herein), or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder a person in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Salton Maxim Housewares Inc), Agreement and Plan of Merger (Toastmaster Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Stockholder Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax lawLaw. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the shares of Company Stockholder Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (JDN Realty Corp), Agreement and Plan of Merger (Developers Diversified Realty Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder ARTICLE II such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax lawTax Laws. To the extent that amounts are so deducted and withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Person in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 2 contracts

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

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Stockholder Common Shares such amounts as it the Surviving Corporation is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the shares of Company Stockholder Common Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Monarch Dental Corp), Agreement and Plan of Merger (Zoll Medical Corporation)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of shares of Sunrise Common Stock such amounts as it is required to deduct and withhold with in respect to of the making of such payment under the Code and Code, the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax lawa Tax Law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of Sunrise Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (STC Broadcasting Inc), Agreement and Plan of Merger (Lin Tv Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Total Shares such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax lawother Law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Total Shares in respect of to which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Harris Interactive Inc), Agreement and Plan of Merger (Total Research Corp)

Withholding Rights. The Surviving Corporation shall be entitled to ------------------ deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares such amounts as it the Surviving Corporation is required to deduct and withhold with respect to the making of such payment under the Internal Revenue Code and of 1986, as amended (the rules and regulations promulgated thereunder"Code"), or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Seda Specialty Packaging Corp), Agreement and Plan of Merger and Reorganization (Seawolf Acquisition Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Company Common Stock pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder(as defined in Section 3.08), or under any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Capricorn Investors Iii L P), Agreement and Plan of Merger (Tcby Enterprises Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of shares of SMB Common Stock such amounts as it the Surviving Corporation is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld and paid over to the appropriate taxing authority by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of SMB Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Workstream Inc), Agreement and Plan of Merger (Workstream Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Company Common Stock or Company Preferred Stock pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or under any provision of state, local or foreign tax Tax law. To the extent that amounts are so withheld by the The Surviving Corporation, Corporation will pay such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporationappropriate taxing authority.

Appears in 2 contracts

Samples: Agreement of Merger (Allscripts Healthcare Solutions Inc), Agreement and Plan of Merger (Allscripts Healthcare Solutions Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder Article 2 such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by If the Surviving CorporationCorporation so withholds amounts, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Shares or Company Stockholder Warrants in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Mueller Water Products, Inc.), Agreement and Plan of Merger (Walter Industries Inc /New/)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder Holder of a Certificate such amounts as it is are required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision provisions of applicable state, local or foreign tax Tax law. To the extent that amounts are so deducted and withheld and paid over to the appropriate Taxing authority by the Surviving Corporation, such deducted and withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Holder of the Certificate in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Great American Financial Resources Inc), Agreement and Plan of Merger (Ceres Group Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder Article 2 such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by If the Surviving CorporationCorporation so withholds amounts, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Enterprise Software Inc), Agreement and Plan of Merger (Enterprise Software Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or under any provision of state, local or foreign tax Tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Wright Medical Group Inc)

Withholding Rights. The Surviving Corporation shall will be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of shares of Xxxxx Common Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall will be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of Xxxxx Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Regan Holding Corp)

Withholding Rights. The Surviving Corporation Company shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder Seller such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax lawTax Law. To the extent that amounts are so withheld by the Surviving CorporationCompany, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Seller in respect of which such deduction and withholding was made by the Surviving CorporationCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Real Goods Solar, Inc.)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax Tax law. The Surviving Corporation shall report any such withheld amounts to the appropriate Governmental Authority on a timely basis. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Stockholders Agreement (Zonagen Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration any amounts otherwise payable pursuant to this Agreement to any Company Stockholder holder of a Certificate such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision provisions of state, local or foreign tax lawapplicable Law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of a Certificate in respect of to which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Meristar Hotels & Resorts Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any person pursuant to this Agreement to any Company Stockholder Article such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of Amerxx Xxxck in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cmac Investment Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares such amounts as it is required to deduct and withhold with respect to the making of such payment under the Internal Revenue Code and of 1986, as amended (the rules and regulations promulgated thereunder"Code"), or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Enstar Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by If the Surviving CorporationCorporation so withholds amounts, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder or Option Holder in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Symbion Inc/Tn)

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Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Stockholder Common Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the shares of Company Stockholder Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (DBT Online Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any the Company Stockholder Shareholder such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Shareholder in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Blue Star Foods Corp.)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder the Stockholders such amounts amounts, if any, as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax lawLaw. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Stockholders in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Universal Compression Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Premier Industrial Corp)

Withholding Rights. The Surviving Corporation shall will be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of Company Stockholder Common Stock such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or under any provision of state, local or foreign tax law. To the extent that amounts are so withheld by and paid over to the Surviving Corporationappropriate taxing authority, such withheld amounts shall will be treated for all purposes of this Agreement as having been paid to the holder of Company Stockholder Common Stock in respect of which such deduction and withholding was made by the Surviving Corporationmade.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Valero Energy Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of shares of Company Stockholder Common Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the shares of Company Stockholder Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (General Bearing Corp)

Withholding Rights. The (i) Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder Article (other than Section 2.14) such amounts as it is required by law to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are If Surviving Corporation so withheld by the Surviving Corporationwithholds amounts, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the shares of Company Stockholder Stock or Company Options in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Condor Systems Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any Person pursuant to this Agreement to any Company Stockholder Article 2 such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by If the Surviving CorporationCorporation so withholds amounts, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares, Warrants or Options in respect of which the Surviving Corporation made such deduction and withholding was made by the Surviving Corporationwithholding.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Advanstar Inc)

Withholding Rights. The Surviving Corporation shall be entitled to ------------------- deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder stockholders such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SDW Holdings Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Company Common Stock pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder(as defined in Section 3.11), or under any provision of state, local or foreign tax lawLaw. To the extent that amounts are so deducted and withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the holder of the Company Stockholder Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Warrantech Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of Shares, such amounts as it the Surviving Corporation is required to deduct and withhold with respect to the making of such payment under the Internal Revenue Code and of 1986, as amended (the rules and regulations promulgated thereunder"Code"), or any provision of state, local local, provincial or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporationwithheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the Shares in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (V I Technologies Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Company Common Stock pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or under any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the The Surviving Corporation, Corporation will pay such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporationappropriate taxing authority.

Appears in 1 contract

Samples: Agreement of Merger (Harris Corp /De/)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any person pursuant to this Agreement to any Company Stockholder Article such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of federal, state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of Amerin Stock in respect of which such deduction and withholding was made wax xxxx by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Amerin Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Company Common Stock pursuant to this Agreement to any Company Stockholder such amounts as it is may be required to deduct be deducted and withhold withheld with respect to the making of such payment under the United States Internal Revenue Code and the rules and regulations promulgated thereunderof 1986, as amended, or under any provision of state, local or foreign tax law. To Law, and Purchaser shall provide, or cause the extent that Paying Agent to provide, to such holders written notice of the amounts are so withheld by the Surviving Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder in respect of which such deduction and withholding was made by the Surviving Corporationdeducted or withheld.

Appears in 1 contract

Samples: Agreement and Plan of Merger (HCH Acquisition Corp)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of shares of CEN Common Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of state, local or foreign tax law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the shares of CEN Common Stock in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (Cen Biotech Inc)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder holder of MiNT Stock such amounts as it is required to deduct and withhold with respect to the making of such payment under the Code and the rules and regulations promulgated thereunderCode, or any provision of state, local or foreign tax applicable law. To the extent that amounts are so withheld by the Surviving Corporation, Corporation such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder holder of the MiNT Stock in respect of to which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement and Plan of Reorganization (Regal Acquisitions Inc/Ny)

Withholding Rights. The Surviving Corporation shall be entitled to deduct and withhold from the consideration Merger Consideration otherwise payable pursuant to this Agreement to any Company Stockholder Holder of a Certificate such amounts as it is are required to deduct be deducted and withhold withheld with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision provisions of applicable state, local or foreign tax Tax law. To the extent that amounts are so deducted and withheld and paid over to the appropriate Taxing authority by the Surviving Corporation, such deducted and withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Company Stockholder Holder of the Certificate in respect of which such deduction and withholding was made by the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (American Financial Group Inc)

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