Common use of Payment of Consideration Clause in Contracts

Payment of Consideration. (1) Prior to the filing of the Articles of Arrangement, Purchaser shall deposit, or arrange to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders), cash with the Depositary and CVRs with the Rights Agent as are required by this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose.

Appears in 2 contracts

Samples: Arrangement Agreement (Shockwave Medical, Inc.), Arrangement Agreement (Neovasc Inc)

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Payment of Consideration. (1) Prior to the filing of the Articles of Arrangement, the Purchaser shall deposit, or arrange to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders)Shareholders, cash with the Depositary and CVRs with in the Rights Agent aggregate amount as are is required by this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose, net of any applicable withholdings for the benefit of the Shareholders.

Appears in 1 contract

Samples: Arrangement Agreement (POINTS.COM Inc.)

Payment of Consideration. (1a) Prior to the filing of the Articles of Arrangement, the Purchaser shall deposit, or arrange cause to be depositeddeposited (including by directing the Company to deliver the Loan Amount to the Depositary), for the benefit of holders of Shares (other than the Dissenting Holders)Shareholders, cash with the Depositary and CVRs with in the Rights Agent as are aggregate amount equal to the payments in respect of the Shares required by Section 2.3(h) of this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose.

Appears in 1 contract

Samples: Arrangement Agreement (Dominion Diamond Corp)

Payment of Consideration. (1a) Prior to the filing of the Articles of Arrangement, the Purchaser shall deposit, or arrange to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders)Securityholders, cash with the Depositary and CVRs with in the Rights Agent as are aggregate amount equal to the payments in respect of Company Securities required by this Plan of Arrangement, with the amount per Common Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose.

Appears in 1 contract

Samples: Amending Agreement

Payment of Consideration. (1) Prior to the filing of the Articles of Arrangement, Purchaser shall deposit, or arrange to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders), Options and DSUs, cash with the Depositary and CVRs with the Rights Agent as are required by this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose, net of applicable withholdings for the benefit of the holders of Shares, Options and DSUs.

Appears in 1 contract

Samples: Arrangement Agreement (Clementia Pharmaceuticals Inc.)

Payment of Consideration. (1) Prior Following receipt of the Final Order and prior to the filing Effective Date, in accordance with Section 2.9 of the Articles of ArrangementArrangement Agreement, the Purchaser shall deposit, or arrange shall cause to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders)Shareholders, cash with the Depositary and CVRs with in the Rights Agent as are aggregate amount equal to the payments in respect of the Shares required by this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share for this purpose.

Appears in 1 contract

Samples: Agreement

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Payment of Consideration. (1a) Prior to the filing of the Articles of Arrangement, the Purchaser shall shall, in accordance with the Arrangement Agreement, deposit, or arrange to be deposited, for the benefit of holders of Shares (other than the Dissenting Holders)Shareholders, cash with the Depositary and CVRs with in the Rights Agent as are aggregate amount equal to the payments in respect of the Shares required by this Plan of Arrangement, with the amount per Share Arrangement (other than in respect of which Dissent Rights have been exercised being deemed to be Shares held by a Dissenting Holder and any Shares held by the Consideration per Share for this purposePurchaser and any of its affiliates).

Appears in 1 contract

Samples: Arrangement Agreement

Payment of Consideration. (1) Prior to the filing of the Articles of Arrangement, the Purchaser shall deposit, or arrange to be deposited, with the Depositary, for the benefit of applicable holders of Company Common Shares, share certificates or other entitlements to the aggregate number of Consideration Shares (other than the Dissenting Holders), cash with the Depositary and CVRs with the Rights Agent as are required by this Plan of Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed payable to be the Consideration per Share for this purposeCompany Shareholders under Section 2.3.

Appears in 1 contract

Samples: Arrangement Agreement (Pixelworks, Inc)

Payment of Consideration. (1) Prior to the filing of the Articles of Arrangement, Purchaser shall deposit, or arrange to be deposited, deposited for the benefit of holders of Shares Shareholders (other than the Dissenting Holders), cash with ) sufficient funds to satisfy the Depositary and CVRs with the Rights Agent Aggregate Arrangement Consideration payable to Shareholders as are required by this Plan of Arrangement, with which funds shall be held by the amount per Share Depositary in respect of which Dissent Rights have been exercised being deemed to be the Consideration per Share escrow as agent and nominee for this purposesuch Shareholders.

Appears in 1 contract

Samples: Arrangement Agreement (BELLUS Health Inc.)

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