DRIP Clause Samples

DRIP. The Company shall take such actions as is necessary to provide that as of no later than three (3) business days prior to the Closing Date no further Company Common Stock will be purchased under the DRIP; provided that such cessation on further purchases following the Closing Date shall be conditioned upon the consummation of the Merger.

DRIP. Simultaneously with the execution hereof, the board of directors of the Company has suspended the operation of the DRIP and the DRIP shall terminate as of the Effective Time.

DRIP. The Company’s board of directors (the “Company Board”) has, prior to the date hereof, taken all actions to suspend or terminate the DRIP, and following such suspension or termination, shall not issue any shares of Company Common Stock under the DRIP.

DRIP. The Company DRIP shall remain suspended from the date of this Agreement until the earlier of the Effective Time and the date, if any, on which this Agreement is earlier terminated pursuant to Section 8.1.

DRIP. Liquids, including water and liquid hydrocarbons, whether or not of commercial value, which are separated from Producer’s Gas in the Gathering System as a result of standard Gathering System operations, including the compression of gas and pigging of pipelines.

DRIP. The Processor shall keep its Gathering System, reasonably clear of obstruction and the hydrocarbon liquids, “Drip”, collected in that System shall be owned by Processor.

DRIP. The Partnership has established a program pursuant to which distributions payable to the holders of Partnership Units are reinvested in REIT Shares (the “DRIP”). Any Limited Partner holding Partnership Units may elect to participate in the DRIP (any such participating Limited Partner, a “DRIP Participant”). The following provisions shall apply to the DRIP and any DRIP Participant’s participation therein: (a) Subject to Section 5.10(b)(v), the General Partner shall, on behalf of each DRIP Participant, pay to the Initial Limited Partner all distributions to be made to such DRIP Participant with respect to its Partnership Units in exchange for such DRIP Participant being issued REIT Shares of the Corresponding REIT Share Class held by such DRIP Participant with respect to which such distribution is being made. For purposes of this Section 5.10, if the applicable Class of Partnership Units corresponds to multiple Classes of REIT Shares (e.g., Class S Units correspond to both Class A REIT Shares and Class S REIT Shares), then the Class (or Classes) of REIT Shares issued to the DRIP Participant shall be selected (from the applicable corresponding Classes) by the Initial Limited Partner in its sole discretion. REIT Shares issued pursuant to the DRIP shall be purchased at the applicable Net Asset Value Per REIT Share on the date that the distribution is payable. (b) In connection with this Section 5.10, each Limited Partner agrees and acknowledges as follows: (i) The Partnership has designated the General Partner to administer the DRIP and act as agent for the DRIP Participants. The General Partner shall credit distributions to DRIP Participants and shall reinvest such distributions in REIT Shares of the Corresponding REIT Share Class (selected by the Initial Limited Partner as set forth above) as the Partnership Units held by such DRIP Participant with respect to which such distribution is made. (ii) A DRIP Participant shall affirmatively elect in writing to participate in the DRIP by providing written notice to the General Partner in a form acceptable to the General Partner and thereafter shall remain in the DRIP until such DRIP Participant withdraws from the DRIP in accordance with Section 5.10(b)(v) or the General Partner terminates or suspends the DRIP. (iii) A DRIP Participant shall, on the date that the distribution is payable, be deemed to have received a cash distribution from the Partnership and paid to the Initial Limited Partner the entire amount of su...

DRIP. Seller agrees to terminate its DRIP as soon as practicable after the date of this Agreement.

DRIP. (a) On the date hereof, Shaw shall enroll 100% of the Consideration Shares in the existing DRIP, and shall maintain enrolment of such shares in the DRIP until the earlier of (i) September 1, 2017, and (ii) the date such Consideration Shares are no longer Hold Shares. (b) Until the date that is 24 months following the Closing Date, subject to applicable Law, Corus shall not amend the Corus Share price discount under the DRIP from its current level (being a discount of 2% to the average market price of the Corus Shares). (c) The parties agree that any Corus Shares issued to Shaw pursuant to the DRIP shall not be subject to the Hold Restrictions.