Examples of Exchange Fund in a sentence

Any portion of the Exchange Fund that remains undistributed to the Participating Securityholders for one (1) year after the Effective Time shall be delivered to Parent, upon demand, and any Participating Securityholder who has not theretofore complied with this Section 3.2 shall thereafter look only to Parent for such holder’s portion of the Aggregate Per Share Merger Consideration.
The Exchange Fund will be distributed in accordance with the Exchange Agent’s normal and customary procedures established in connection with merger transactions.
If the Surviving Corporation makes any payment after the Effective Time with respect to Appraisal Shares to the holders thereof pursuant to such holders’ appraisal rights under Section 262 or otherwise has funded amounts into the Exchange Fund in respect of such Appraisal Shares, then any portion of the Merger Consideration relating to such Appraisal Shares held in the Exchange Fund shall be delivered by the Paying Agent to the Surviving Corporation upon demand.
The Paying Agent shall invest any cash included in the Exchange Fund, as directed by Pxxxxx, on a daily basis.
Parent shall take actions necessary to ensure that the Exchange Fund includes at all times cash in an amount sufficient for the Paying Agent to pay the Merger Consideration in accordance with this Agreement.

More Definitions of Exchange Fund

Exchange Fund has the meaning set forth in Section 2.5(c).

Exchange Fund. Section 2.2(a)

Exchange Fund has the meaning set forth in Section 4.2(a)(i).

Exchange Fund shall have the meaning given such term in Section 2.5.

Exchange Fund shall have the meaning ascribed thereto in Section 2.1 hereof.

Exchange Fund shall have the meaning as set forth in Section 3.3(a) of the Agreement.

Exchange Fund has the meaning given to that term in Section 2.07(a) of this Agreement.