Payment Documents. The Payment Documents that are Material are the following: (a) the Material Contracts; and (b) in the case of corporations, their governing constating documents which provide for the declaration of dividends to their shareholders on account of shares.
Appears in 3 contracts
Sources: Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Penn West Energy Trust)
Payment Documents. The Payment Documents that are Material are the following:
(ai) the Material Contracts; and
(bii) in the case of corporations, their governing constating documents which provide for the declaration of dividends to their shareholders on account of shares.
Appears in 1 contract