Target Securityholders definition
Examples of Target Securityholders in a sentence
This Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns; provided, however, that the provisions in Section 2 above concerning payment of the Merger Consideration are intended for the benefit of the Target Securityholders.
In any such event, all Parties shall cooperate in the preparation of any supplement or amendment to the Buyco Information Statement or the Target Information Statement, as applicable that may be required, and shall cause the same to be distributed to the Buyco Shareholders and the Target Securityholders, respectively.
Upon the acceptance of the surrender of Target Capital Stock by the Company, the Company shall issue the Purchaser Merger Securities to those Target Securityholders entitled to consideration.
As promptly as practicable after the execution and delivery of this Arrangement Agreement, Buyco shall prepare the Target Information Statement for approval of the Arrangement by the Target Securityholders and deliver the same to Target.
The parties acknowledge that the Target Securityholders are intended third party beneficiaries and, in each Target Securityholder’s individual capacity or through a designated representative, shall be entitled to enforce the provisions of this Agreement including without limitation, enforcement of any obligations owed at or after the Closing to any Target Securityholder under this Agreement.
The Plan of Arrangement shall become effective at, and be binding on the Parties, the Buyco Shareholders, and the Target Securityholders at and after the Effective Time.
This Arrangement Agreement may be terminated in accordance with Article 5, or by mutual agreement of the Parties at any time prior to the Closing Date, in each case without further action on the part of the Buyco Shareholders or the Target Securityholders.
The Arrangement Agreement may be terminated in accordance with Article 5 of the Arrangement Agreement or by mutual agreement of the Parties at any time prior to the Closing Date, in each case without further action on the part of the Buyco Shareholders or the Target Securityholders.
From and after the Effective Time, the Target Securityholders shall cease to have any rights with respect Target Securities represented thereby, except as otherwise set forth herein or by applicable law.
Notwithstanding the foregoing, the Target Securityholders agree that any consent of the Target and/or the Founding Securityholders with respect to any public announcements by the Purchaser will be deemed to also be the consent of the Target Securityholders in connection with any such public announcement.