Common use of Plan Binding Clause in Contracts

Plan Binding. Upon the filing of the Articles of Arrangement and the issue of the Certificate, this Plan shall be binding and effective on and after the Effective Time on Pengrowth, Cona, the Litigation Trustee, the WEF Parties, all legal and beneficial holders of Shares, Options and Incentives, all Secured Debtholders and all other Persons named or referred to in or subject to this Plan, without any further act or formality required on the part of any Person.

Appears in 2 contracts

Sources: Arrangement Agreement (PENGROWTH ENERGY Corp), Arrangement Agreement

Plan Binding. Upon the filing of the Articles of Arrangement and the issue of the Certificate, this Plan shall be binding and effective on and after the Effective Time on Pengrowth, Cona, the Litigation TrusteeNewCo, the WEF Parties, all legal and beneficial holders of Shares, Options and Incentives, all Secured Debtholders and all other Persons named or referred to in or subject to this Plan, without any further act or formality required on the part of any Person.

Appears in 1 contract

Sources: Arrangement Agreement (PENGROWTH ENERGY Corp)