Standby Purchasers definition
Examples of Standby Purchasers in a sentence
The Corporation and each of the Standby Purchasers agree that they will use commercially reasonable efforts to cause the conditions set forth in this Article 8 to be satisfied to the extent that such conditions relate to acts to be performed or caused to be performed by such party.
The Corporation shall notify the Standby Purchasers forthwith if it becomes aware of a fact or circumstance which has caused or is reasonably likely to cause a representation or warranty in this Article 6 to become untrue, inaccurate or misleading in any material respect at any time (by reference to circumstances subsisting at that time) before the Closing Date.
The closing of the purchase by the Standby Purchasers and sale by the Corporation of the Standby Shares to be purchased by the Standby Purchasers hereunder will be completed by way of the electronic exchange of documents prior to 7:00 a.m. (Calgary time) (the “Closing Time”) on the Closing Date or at such other time and/or on such other date and/or at such other place as the Corporation and the Standby Purchasers may agree upon in writing.
On such date, and upon payment being made by the Standby Purchasers for the Standby Shares in accordance with Section 3.2, the Corporation shall cause the Standby Shares to be issued, transferred and registered in accordance with Section 3.2.
None of the Standby Purchasers shall have any liability with respect to claims first asserted in connection with any representation, warranty or agreement after the survival period specified in the preceding sentence.