Common use of Simultaneously Clause in Contracts

Simultaneously. (i) each holder of MVS Securities will transfer such MVS Securities to Trizec Canada and Trizec Canada will issue one Trizec Canada MVS to such holder in exchange for each such MVS Security transferred to it by such holder pursuant to this Section 2.2(a)(i); (ii) each holder of Trizec Canada Exchanged Shares will transfer such shares to Trizec Canada and Trizec Canada will issue one Trizec Canada SVS to such holder in exchange for each Trizec Canada Exchanged Share transferred to Trizec Canada by such holder pursuant to this Section 2.2(a)(ii); (iii) each holder of Trizec Subco Exchanged Shares will transfer such shares to Trizec Subco and Trizec Canada, on behalf of Trizec Subco, will deliver one Trizec Canada SVS to such holder in exchange for each Trizec Subco Exchanged Share transferred to it by such holder pursuant to this Section 2.2(a)(iii); (iv) in consideration for the issuance by Trizec Canada of that number of Trizec Canada SVS as is equal to the number of Trizec Subco Exchanged Shares, Trizec Subco will issue to Trizec Canada an equal number of Trizec Subco Common Shares; and (v) each holder of Trizec Properties Exchanged Shares will transfer such shares to Trizec Subco and Trizec Subco will transfer one share of Trizec Properties Common Stock to such holder in exchange for each Trizec Properties Exchanged Share transferred to it by such holder pursuant to this Section 2.2(a)(v); provided that, if a holder of Trizec Properties Exchanged Shares is not a Qualifying U.S. Person such person will acquire its shares of Trizec Properties Common Stock subject to the terms of the Exchange Certificate Agreement and, in furtherance thereof, Trizec Subco will deliver the shares of Trizec Properties Common Stock to which such holder is entitled pursuant to this Section 2.2(a)(v) to the Custodian and the Custodian will deliver that number of Exchange Certificates as is equal to the number of shares of Trizec Properties Common Stock delivered to the Custodian.

Simultaneously. (i) each holder of MVS Securities will transfer such MVS Securities to Trizec Canada and Trizec Canada will issue one Trizec Canada MVS to such holder in exchange for each such MVS Security transferred to it by such holder pursuant to this Section 2.2(a)(i); (ii) each holder of Trizec Canada Exchanged Shares will transfer such shares to Trizec Canada and Trizec Canada will issue one Trizec Canada SVS to such holder in exchange for each Trizec Canada Exchanged Share transferred to Trizec Canada by such holder pursuant to this Section 2.2(a)(ii); (iii) each holder of Trizec Subco Exchanged Shares will transfer such shares to Trizec Subco and Trizec Canada, on behalf of Trizec Subco, will deliver one Trizec Canada SVS to such holder in exchange for each Trizec Subco Exchanged Share transferred to it by such holder pursuant to this Section 2.2(a)(iii); (iv) in consideration for the issuance by Trizec Canada of that number of Trizec Canada SVS as is equal to the number of Trizec Subco Exchanged Shares, Trizec Subco will issue to Trizec Canada an art equal number of Trizec Subco Common Shares; and (v) each holder of Trizec Properties Exchanged Shares will transfer such shares to Trizec Subco and Trizec Subco will transfer one share of Trizec Properties Common Stock to such holder in exchange for each Trizec Properties Exchanged Share transferred to it by such holder pursuant to this Section 2.2(a)(v); provided that, if a holder of Trizec Properties Exchanged Shares is not a Qualifying U.S. Person such person will acquire its shares of Trizec Properties Common Stock subject to the terms of the Exchange Certificate Agreement and, in furtherance thereof, Trizec Subco will deliver the shares of Trizec Properties Common Stock to which such holder is entitled pursuant to this Section 2.2(a)(v) to the Custodian and the Custodian will deliver that number of of` Exchange Certificates as is equal to the number of shares of Trizec Properties Common Stock delivered to the Custodian.