Common use of Dissent Clause in Contracts

Dissent. Notwithstanding anything to the contrary in the foregoing, in the event a Dissenting Shareholder in respect of ATCOR Shares has been paid the fair value of the ATCOR Shares held by such Shareholder immediately prior to the Amalgamation pursuant to Section 190 of the Act, such Dissenting Shareholder shall have no right to receive the redemption price for the Class B Special Shares into which such ATCOR Shares were converted notwithstanding that the same have been redeemed, shall not be entitled to exercise any of the rights of shareholders in respect thereof, and the redemption monies for such Class B Special Shares held on deposit in a special account as provided for in subsection 4.5.3 above shall be forfeited to the Corporation.

Appears in 1 contract

Sources: Acquisition Agreement (Forest Oil Corp)

Dissent. Notwithstanding anything to the contrary in the foregoing, in the event a Dissenting Shareholder in respect of ATCOR Shares has been paid the fair value of the ATCOR Shares held by such Shareholder immediately prior to the Amalgamation pursuant to Section 190 of the Act, such Dissenting Shareholder shall have no right to receive the redemption price for the Class B A Special Shares into which such ATCOR Shares were converted notwithstanding that the same have been redeemed, shall not be entitled to exercise any of the rights of shareholders in respect thereof, and the redemption monies for such Class B A Special Shares held on deposit in a special account as provided for in subsection 4.5.3 3.5.3 above shall be forfeited to the Corporation.

Appears in 1 contract

Sources: Acquisition Agreement (Forest Oil Corp)

Dissent. Notwithstanding anything to the contrary in the foregoing, in the event a Dissenting Shareholder in respect of ATCOR Shares has been paid the fair value of the ATCOR Shares held by such Shareholder immediately prior to the Amalgamation pursuant to Section 190 of the Act, such Dissenting Shareholder shall have no right to receive the redemption price for the Class B C Special Shares into which such ATCOR Shares were converted notwithstanding that the same have been redeemed, shall not be entitled to exercise any of the rights of shareholders in respect thereof, and the redemption monies for such Class B C Special Shares held on deposit in a special account as provided for in subsection 4.5.3 5.5.3 above shall be forfeited to the Corporation.

Appears in 1 contract

Sources: Acquisition Agreement (Forest Oil Corp)