Common use of Termination of Distribution Fund Clause in Contracts

Termination of Distribution Fund. Any portion of the Distribution Fund made available to the Agent that remains undistributed to the former holders of Seattle Common Stock on the one-year anniversary of the Effective Time shall be delivered to Miami, and any former holders of Seattle Common Stock who have not received ADSs in accordance with this Section 3 shall thereafter look only to Miami for payment of their claim for ADSs and any dividends, distributions or cash in lieu of fractional ADSs with respect to Miami Common Stock (subject to any applicable abandoned property, escheat or similar Law).

Appears in 2 contracts

Sources: Merger Agreement, Merger Agreement (Hewlett Packard Enterprise Co)