Common use of Delivery of Contingent Payment to Agent; Distribution to Holders Clause in Contracts

Delivery of Contingent Payment to Agent; Distribution to Holders. Promptly following the termination of the Escrow pursuant to Section 2.02 hereof, ITG shall deliver to the Agent cash in an amount equal to the lesser of (i) the amount of cash, if any, delivered to Hoenig UK by the Agent pursuant to Section 2.02 hexxxx, plus the amount of any Recoveries that were not deposited in the Escrow Account net of any amounts deducted therefrom pursuant to Section 6.02 of the Escrow Agreement, and (ii) $12,465,000 minus the Escrow Reduction Amount, if any. The Agent shall distribute the amount so received by it from ITG to the Holders, without interest, pro rata based on the number of Contingent Payment Rights allocated to each such Holder on the Register. At no time shall there be any distribution of the Contingent Payment except pursuant to the preceding sentence. Following such distribution by the Agent, this Agreement shall terminate. The distribution of any Contingent Payment shall be in compliance with applicable laws.

Delivery of Contingent Payment to Agent; Distribution to Holders. Promptly following the termination of the Escrow pursuant to Section 2.02 hereof, ITG shall deliver to the Agent cash in an amount equal to the lesser of (i) the amount of cash, if any, delivered to Hoenig UK by the Agent pursuant to Section 2.02 hexxxxhereof, plus the amount xxxxxx of any Recoveries that were not deposited in the Escrow Account net of any amounts deducted therefrom pursuant to Section 6.02 of the Escrow Agreement, and (ii) $12,465,000 minus the Escrow Reduction Amount, if any. The Agent shall distribute the amount so received by it from ITG to the Holders, without interest, pro rata based on the number of Contingent Payment Rights allocated to each such Holder on the Register. At no time shall there be any distribution of the Contingent Payment except pursuant to the preceding sentence. Following such distribution by the Agent, this Agreement shall terminate. The distribution of any Contingent Payment shall be in compliance with applicable laws.

Delivery of Contingent Payment to Agent; Distribution to Holders. Promptly following the termination of the Escrow pursuant to Section 2.02 7.02 hereof, ITG shall deliver to the Agent cash in an amount equal to the lesser of (i) the amount of cash, if any, delivered to Hoenig UK by the Agent pursuant to Section 2.02 hexxxx, tx Xxxxion 7.02 hereof plus the amount of any Recoveries that which were not deposited in the Escrow Account net of any amounts deducted therefrom pursuant to Section 6.02 of the Escrow Agreementhereof, and (ii) $12,465,000 minus the Escrow Reduction Amount, if any. The Pursuant to the Paying Agent Agreement, the Agent shall distribute the amount so received by it from ITG to the Holders, without interest, pro rata based on the number of Contingent Payment Rights allocated to each such Holder on the Register. At no time shall there be any distribution of the Contingent Payment except pursuant to the preceding sentencesentence and in compliance with the Paying Agent Agreement. Following such distribution by the Agent, this Agreement and the Paying Agent Agreement shall terminate. The distribution of any Contingent Payment shall be in compliance with applicable laws.

Delivery of Contingent Payment to Agent; Distribution to Holders. Promptly following the termination of the Escrow pursuant to Section 2.02 7.02 hereof, ITG shall deliver to the Agent cash in an amount equal to the lesser of (i) the amount of cash, if any, delivered to Hoenig UK by the Agent pursuant to Section 2.02 hexxxx, 7.02 hereof plus the amount axxxxx of any Recoveries that which were not deposited in the Escrow Account net of any amounts deducted therefrom pursuant to Section 6.02 of the Escrow Agreementhereof, and (ii) $12,465,000 minus the Escrow Reduction Amount, if any. The Pursuant to the Paying Agent Agreement, the Agent shall distribute the amount so received by it from ITG to the Holders, without interest, pro rata based on the number of Contingent Payment Rights allocated to each such Holder on the Register. At no time shall there be any distribution of the Contingent Payment except pursuant to the preceding sentencesentence and in compliance with the Paying Agent Agreement. Following such distribution by the Agent, this Agreement and the Paying Agent Agreement shall terminate. The distribution of any Contingent Payment shall be in compliance with applicable laws.