Examples of Payment Fund in a sentence

Any income from investment of the Payment Fund will be payable to Parent or the Surviving Corporation, as Parent directs.
Until disbursed in accordance with the terms and conditions of this Agreement, the cash in the Payment Fund will be invested by the Paying Agent, as directed by Parent or the Surviving Corporation.
If for any reason (including losses) the Payment Fund is inadequate to pay the amounts to which holders of shares shall be entitled under Section 2.01(b), Parent shall take all steps necessary to enable or cause the Surviving Corporation to promptly deposit, in trust, additional cash with the Paying Agent sufficient to make all payments required under this Agreement.
No losses with respect to any investments of the Payment Fund will affect the amounts payable to the holders of Certificates or Book-Entry Shares.
Any portion of the Payment Fund (including the proceeds of any investments of the Payment Fund) that remains unclaimed by, or otherwise undistributed to, the holders of Share Certificates or Book-Entry Shares by the one (1) year anniversary of the Effective Time shall be delivered to the Surviving Corporation.

More Definitions of Payment Fund

Payment Fund shall have the meaning set forth in Section 3.5.

Payment Fund means the monies which have been paid by me to you and kept in a separate suspense account opened and maintained by you for such purposes as you deem fit and which you may deal with in accordance with these Terms and Conditions.

Payment Fund means cash in an amount sufficient to make payment of the Merger Consideration pursuant to Section 2.1(c) in exchange for all of the outstanding shares of Company Common Stock (other than shares of Company Common Stock cancelled in accordance with Section 2.1(b)).

Payment Fund has the meaning assigned to such term in Section 1.7(a) of the Agreement.

Payment Fund has the meaning set forth in Section 1.8(a).