Common use of Payment Fund Clause in Contracts

Payment Fund. At or as promptly as practicable after the Acceptance Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Book-Entry Shares, for payment in accordance with this Article II by the Paying Agent, sufficient funds for the payment of the aggregate Merger Consideration (such funds provided to the Paying Agent are referred to as the “Payment Fund”).

Appears in 8 contracts

Samples: Agreement and Plan of Merger (Sagrera Ricardo A.), Agreement and Plan of Merger (Lewis & Clark Ventures I, LP), Agreement and Plan of Merger (RiverRoad Capital Partners, LLC)

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Payment Fund. At or as promptly as practicable after prior to the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, for payment in accordance with this Article II by through the Paying Agent, sufficient funds for the payment of the aggregate Merger Consideration (such and other amounts payable under Article II. Such funds provided to the Paying Agent are referred to as the “Payment Fund.).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Mitel Networks Corp), Agreement and Plan of Merger (ShoreTel Inc), Agreement and Plan of Merger (Air Methods Corp)

Payment Fund. At or as promptly as practicable after the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, Company Options and Company Stock Awards, for payment in accordance with this Article II by through the Paying Agent, sufficient funds for the payment of the aggregate Merger Consideration (such and other amounts payable under Article II. Such funds provided to the Paying Agent are referred to as the “Payment Fund.).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Emdeon Inc.), Agreement and Plan of Merger (Warner Music Group Corp.)

Payment Fund. At or as promptly as practicable after the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, for payment in accordance with this Article article II by the Paying Agent, sufficient funds for the payment of the aggregate Merger Consideration (such funds provided to the Paying Agent are referred to as the “Payment Fund”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vmware, Inc.), Agreement and Plan of Merger (Carbon Black, Inc.)

Payment Fund. At or as promptly as practicable after prior to the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, for payment in accordance with this Article II by through the Paying Agent, sufficient funds for the payment of (i) the aggregate Merger Consideration and (such ii) the aggregate amount payable by the Company under Section 2.3, which amount shall then be paid by the Paying Agent to the Surviving Corporation. Such funds provided to the Paying Agent are referred to as the “Payment Fund”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Dover Motorsports Inc), Agreement and Plan of Merger (Papa Murphy's Holdings, Inc.)

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Payment Fund. At or as promptly as practicable after prior to the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, for payment in accordance with this Article II by through the Paying Agent, funds that, when taken together with available cash of the Company and its Subsidiaries that is deposited with the Paying Agent at the Effective Time, are sufficient funds in the aggregate for the payment of the aggregate Merger Consideration (such payable pursuant to Section 2.1(c)(i). Such funds provided to the Paying Agent are referred to as the “Payment Fund”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Outerwall Inc)

Payment Fund. At or as promptly as practicable after prior to the Acceptance Effective Time, Parent shall deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of Certificates and Book-Entry Shares, for payment in accordance with this Article II by through the Paying Agent, sufficient funds for the payment of the aggregate Merger Consideration (such Consideration. Such funds provided to the Paying Agent are referred to as the “Payment Fund”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Qumu Corp)

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