Automatic Exchange. Each Exchangeable Share shall be transferred automatically to Purchaser at the Automatic Exchange Time in exchange for: (a) where such Exchangeable Share is not a Dissent Share, the Consideration; or (b) where such Exchangeable Share is a Dissent Share, the right to be paid Fair Value, in each case without further action by the holders thereof, by the Bank or by Purchaser.
Appears in 2 contracts
Sources: Transaction Agreement (National Bank of Canada /Fi/), Transaction Agreement (National Bank of Canada /Fi/)