Common use of Post-Effective Time Procedures Clause in Contracts

Post-Effective Time Procedures. (a) Following receipt of the Final Order and prior to the Effective Date, First Majestic shall deliver or arrange to be delivered to the Depositary the Consideration, including certificates representing the First Majestic Shares in accordance with Section 2.3 hereof, which certificates shall be held by the Depositary as agent and nominee for the former Primero Shareholders for distribution to the former Primero Shareholders in accordance with the provisions of Article 4 hereof. (b) Subject to the provisions of Article 4 hereof, and upon return of a properly completed Letter of Transmittal by a registered former Primero Shareholder together with certificates, if any, which, immediately prior to the Effective Date, represented Primero Shares and such other documents as the Depositary may require, former Primero Shareholders shall be entitled to receive delivery of the certificates representing the First Majestic Shares and cheques representing the cash to which they are entitled pursuant to Section 2.3(a).