Common use of Post-Effective Time Procedures Clause in Contracts

Post-Effective Time Procedures. (a) On or promptly after the Effective Date, New Gold shall deliver or arrange to be delivered to the Depositary certificates representing the New Gold Common Shares required to be issued to Former Peak Shareholders and the requisite cash required to be paid to Former Peak Shareholders in accordance with the provisions of Section 3.01 hereof, which certificates and cash shall be held by the Depositary as agent and nominee for such Former Peak Shareholders for distribution to such Former Peak Shareholders in accordance with the provisions of Article 5 hereof.

Post-Effective Time Procedures. (a) On or promptly after immediately prior to the Effective Date, New Gold shall deliver or arrange to be delivered to the Depositary certificates representing the requisite New Gold Common Shares and cash required to be issued to Former Peak Shareholders and the requisite cash required to be paid to Former Peak Shareholders in accordance with the provisions of Section 3.01 subsection 3.1(b) hereof, which certificates and cash shall be held by the Depositary as agent and nominee for such Former Peak Metallica Shareholders for distribution to such Former Peak Metallica Shareholders in accordance with the provisions of Article 5 VI hereof.