Transaction Steps Clause Samples

Transaction Steps. (a) At the Effective Time the following transaction steps shall occur and be deemed to occur in the following order, and for greater certainty none of the following steps shall be deemed to occur unless all such steps shall have occurred and been completed: (i) The Liquidity and Exchange Agreement shall be terminated. (ii) The Securityholders’ Agreement shall be terminated. (iii) The Limited Partnership Agreement shall be amended to provide for the income allocation described in Section 2.2. (iv) Any other amendments to the Fund Material Documents or other agreements as contemplated by Section 4.3 shall be made. (v) Limited Partnership shall distribute in cash to Trust: (A) an amount equal to the Monthly Distribution, if any, for the month ending prior to the Closing Date, if such Monthly Distribution remains unpaid as of the Closing Date, multiplied by the number of Units outstanding on the record date for such Monthly Distribution (the “Final Monthly Distribution”); (B) the Expense Distribution; and (C) the Stub Period Distribution, if any, multiplied by the number of Units outstanding at the Effective Time (the “Total Stub Period Distribution”). (vi) Limited Partnership shall purchase for cancellation all of the issued and outstanding Class A LP Units and Class B LP Units, if any, held by Trust for an aggregate purchase price in cash equal to the LP Unit Consideration. For greater certainty, following such purchase, Trust shall cease to have any further right to receive any declared and unpaid distributions on the Class A LP Units or Class B LP Units. (vii) General Partner shall purchase for cancellation all of the issued and outstanding GP Shares held by Fund for an aggregate purchase price in cash of $30.00. (viii) Trust shall pay a cash distribution to Fund equal to the amount, if any, by which the aggregate of the: (A) Final Monthly Distribution (if any); (B) Expense Distribution; and (C) Total Stub Period Distribution (if any) exceeds the interest payable under the Trust Notes for the: (x) month ending prior to the Closing Date; and (y) month in which the Closing Date occurs. (ix) Trust shall purchase for cancellation all of the aggregate principal amount of the Trust Notes held by Fund for an aggregate redemption price in cash equal to the then outstanding aggregate principal amount of Trust Notes, plus accrued and unpaid interest to the Closing Date (the “Trust Note Consideration”). (x) Trust shall redeem and cancel all of the issued and outstand...

Transaction Steps. (a) Pursuant to this Plan of Arrangement, and subject to the terms and conditions of the Arrangement Agreement and this Plan of Arrangement:

Transaction Steps. (a) Pursuant to the Plan of Arrangement, and subject to the terms and conditions of this Agreement and the Plan of Arrangement: (i) At the Effective Time, each of Adenyo and its direct or indirect wholly owned subsidiaries Adenyo Telecom Mobile Inc. (“Adenyo Telecom”), Adenyo International Inc. (“Adenyo International”), Adenyo Corp. (“Adenyo Subsidiary”), BrainTrain Inc. (“BrainTrain”) and Generation 5 Mathematical Technologies Inc. (“Generation 5”) shall amalgamate and shall continue as one corporation under the CBCA on the following terms and conditions, without any further act or formality: (A) the name of Amalco shall be 7539088 Canada Inc.; (B) the registered office of Amalco shall be located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇, c/o LaBarge ▇▇▇▇▇▇▇▇▇ Professional Corporation; (C) the authorized share capital of Amalco shall consist of an unlimited number of common shares (“Amalco Shares”), with the rights, privileges, restrictions and conditions set forth in the Articles, and at the Effective Time without any further act or formality: (1) each issued and outstanding Adenyo Share at the Effective Date shall be exchanged for one (1) Amalco Share; (2) the shares of Adenyo Telecom, Adenyo International, Adenyo Subsidiary, BrainTrain and Generation 5 shall be cancelled without any repayment of capital in respect thereof; and (3) the stated capital of the Amalco Shares shall be equal to the stated capital of the Adenyo Shares; and (D) except as set forth herein, the articles of amalgamation of Amalco shall be the same as the Articles; (ii) At two minutes after the Effective Time:

Transaction Steps. Section 1.1.............................................2

Transaction Steps. 4.1 Scheme (a) CGA must propose the Scheme to CGA Shareholders. (b) If the Scheme becomes Effective, then on the Implementation Date: (i) all of the CGA Shares held by Scheme Participants on the Record Date will be transferred to B2Gold; (ii) in exchange, each Scheme Participant will be paid the Scheme Consideration for each CGA Share held by them at the Record Date; (iii) for certainty, the transfer of the CGA Shares by an Eligible Holder in exchange for the Scheme Consideration will occur on a tax-deferred basis pursuant to section 85 of the Canadian Tax Act and any other relevant provincial or territorial legislation; and (iv) B2Gold will ensure that each holder of CGA Options that has agreed to the cancellation of his or her CGA Options will be paid the Cancellation Consideration in respect of the CGA Options held by him or her and that those CGA Options will be cancelled.

Transaction Steps. After the date of this Agreement, Parent and the Company shall cooperate in good faith to prepare and agree on a mutually acceptable plan of specific transaction steps relating to the Merger and the anticipated timing for completing such transaction steps.

Transaction Steps. 4.1 Scheme (a) Papillon must propose the Scheme to Papillon Shareholders. (b) If the Scheme becomes Effective, then on the Implementation Date: (i) all of the Papillon Shares held by Scheme Participants on the Record Date will be transferred to B2Gold; (ii) in exchange, each Scheme Participant will receive the Scheme Consideration for each Papillon Share held by them at the Record Date; and (iii) B2Gold will ensure that each holder of Papillon Options that has agreed to the cancellation of his or her Papillon Options will receive the Cancellation Consideration in respect of the Papillon Options held by him or her and that those Papillon Options will be cancelled.

Transaction Steps. 9.1 Subject to clause 8.3, the Parties agree, provided that Pre-Closing Step 1, Pre-Closing Step 2 and Pre-Closing Step 3 have been completed in accordance with this Agreement, to implement each of the Transaction Steps in the following sequence on the Implementation Date at a meeting to be held at the Sandton, Johannesburg offices of Bowmans, or such other venue as the Parties may agree upon in writing commencing at 09h00, or such other time as may be agreed between the Parties in writing. 9.2 Despite the order in which the actions comprising a Transaction Step appear, each action comprising such Transaction Step shall take place simultaneously or shall be deemed to take place simultaneously, as the circumstances may require. 9.3 Transaction Step One

Transaction Steps. 4.1. Scheme Sirtex must propose a scheme of arrangement under which: (a) all of the Scheme Shares will be transferred to the Bidder (or, if applicable, the Bidder Nominee); and (b) the Scheme Shareholders will be entitled to receive the Scheme Consideration.