Common use of Retention of Amounts Clause in Contracts

Retention of Amounts. Notwithstanding any contrary provision set forth in this Agreement, no Company Stockholder holding Company Stock shall be entitled to receive that portion of the Merger Consideration represented by such Company Stockholder’s Per Share Portion of the Adjustment Escrow Amount or the Representative Holdback Amount until such time as such amount (or any portion thereof), if any, is distributed to such Company Stockholder pursuant to the terms and conditions of the Escrow Agreement or Section 9.17, respectively. The adoption of this Agreement, the other documents ancillary hereto (including the Escrow Agreement) and the approval of the Merger by the Requisite Stockholder Approval shall constitute approval by the Company Stockholders holding Company Stock of the Escrow Agreement and of all of the arrangements relating thereto, including the placement of the Adjustment Escrow Amount in escrow and the appointment of the Representative, including the retention of the Representative Holdback Amount by the Representative.

Appears in 1 contract

Sources: Merger Agreement (SPX Technologies, Inc.)

Retention of Amounts. Notwithstanding any contrary provision set forth in this Agreement, no Company Stockholder holding Company Stock shall be entitled to receive that portion of the Merger Consideration represented by such Company Stockholder’s Per Share Portion of the Adjustment Escrow Amount or the Representative Holdback Amount until such time as such amount (or any portion thereof), if any, is distributed to such Company Stockholder pursuant to the terms and conditions of the Escrow Agreement or Section 9.17, respectivelyand the Rollover Escrow Agreement. The adoption of this Agreement, the other documents ancillary hereto (including the Escrow Agreement) Agreement and the approval of the Merger by the Requisite Stockholder Approval shall constitute approval by the Company Stockholders holding Company Stock of the Escrow Agreement and the Rollover Escrow Agreement, and of all of the arrangements relating thereto, including the placement of the Adjustment Escrow Amount in escrow and the appointment of the Representative, including the retention of the Representative Holdback Amount by the Representativeescrow.

Appears in 1 contract

Sources: Merger Agreement (Ritchie Bros Auctioneers Inc)

Retention of Amounts. Notwithstanding any contrary provision set forth in this Agreement, no Company Stockholder holding Company Stock Escrow Equityholder shall be entitled to receive that portion of the Merger Consideration represented by such Company StockholderEquityholder’s Per Escrow Pro Rata Share Portion of the Adjustment Escrow Amount or the Representative Holdback Amount until such time as such amount (or any portion thereof), if any, is distributed to such Company Stockholder Escrow Equityholder pursuant to the terms and conditions of the Escrow Agreement or Section 9.17this Agreement, respectivelyas applicable. The adoption of this Agreement, the other documents ancillary hereto (including the Escrow Agreement) Agreement and the approval of the Merger by the Requisite Stockholder Approval shall constitute approval by the Company Stockholders holding Company Stock and the Warrantholders of the Escrow Agreement and of all of the transactions and arrangements relating thereto, including the placement of the Adjustment Escrow Amount Funds in escrow and the appointment of the Representative, including the retention of the Representative Holdback Amount by the Representativeescrow.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Jamf Holding Corp.)