MDI Merger means the merger of MDI Acquisition Sub and Mechanical Dynamics to be consummated on or before September 30, 2002, pursuant to the terms of the MDI Merger Agreement, with Mechanical Dynamics being the surviving corporation.
Examples of MDI Merger in a sentence
Proceeds of the Term Loan shall be used by the Borrowers to finance the MDI Acquisition, the MDI Tender Offer and the MDI Merger, and related transactions, including the acquisition of other Capital Stock of Mechanical Dynamics.
None of MDI, Merger Sub or ANI may rely on the failure of any condition set forth in Section 7.01, 7.02 or 7.03, as the case may be, to be satisfied if such failure was caused by such party's failure to use reasonable best efforts to consummate the Merger and the other transactions contemplated hereby as required by and subject to Section 6.09.
Each of MDI, Merger Sub and ANI agrees to use its best efforts, after consultation with the other parties hereto, to respond promptly to all such comments of and requests by the SEC and to cause the Proxy Statement to be mailed to the holders of MDI Common Stock entitled to vote at the MDI Stockholders' Meeting at the earliest practicable time.