Segregation of Funds. Parent will cause ExchangeCo to deposit a sufficient amount of funds in a separate account of ExchangeCo and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo to pay dividends when due and to pay or otherwise satisfy its respective obligations under Article 5, 6 or 7 of the Share Provisions, as applicable.
Appears in 6 contracts
Samples: Agreement (Future Energy Corp.), Share Exchange Agreement (Keewatin Windpower Corp.), Arrangement Agreement (Counterpath Solutions, Inc.)
Segregation of Funds. The Parent will cause the ExchangeCo to deposit a sufficient amount of funds in a separate account of the ExchangeCo and segregate a sufficient amount of such other assets and property as is necessary to enable the ExchangeCo to pay dividends when due and to pay or otherwise satisfy its respective obligations under Article Sections 5, 6 or 7 of the Share Provisions, as applicable.
Appears in 1 contract
Samples: Exchangeable Share Support Agreement (Quest Solution, Inc.)
Segregation of Funds. The Parent will cause ExchangeCo Exchangeco (and shall fund Exchangeco to the extent necessary) to deposit a sufficient amount of its funds in a separate account of ExchangeCo Exchangeco and segregate a sufficient amount of such other of its assets and property as is necessary to enable ExchangeCo Exchangeco to pay dividends when due and to pay or otherwise satisfy its respective obligations under Article 5sections III 1, III 2, III 5 or III 6 or 7 of the Share Provisions, as applicable.
Appears in 1 contract
Samples: Exchangeable Share Support Agreement (Fc Financial Services Inc)
