Common use of Distributions with Respect to Unsurrendered Certificates Clause in Contracts

Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 or Section 5.2 hereof. Subject to applicable law and to Section 3.3 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Shares.

Appears in 1 contract

Samples: Arrangement Agreement (SolarBank Corp)

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Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Altima Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, UNE Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 5.01 or Section 5.2 5.02 hereof. Subject to applicable law and to Section 3.3 5.04 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Altima Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Altima Shares.

Appears in 1 contract

Samples: Combination Agreement (Unbridled Energy CORP)

Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Numinus Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, Novamind Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 or Section 5.2 hereof. Subject to applicable law and to Section 3.3 5.5 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Numinus Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Numinus Shares.

Appears in 1 contract

Samples: Arrangement Agreement

Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Purchaser Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, Company Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 5.01 or Section 5.2 5.02 hereof. Subject to applicable law and to Section 3.3 5.04 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Purchaser Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Purchaser Shares.

Appears in 1 contract

Samples: Arrangement Agreement (Gold Standard Ventures Corp.)

Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer TransAlta Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, Renewables Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 5.2 or Section 5.2 hereof5.5. Subject to applicable law Applicable Law, and to Section 3.3 hereofthe extent applicable, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer any TransAlta Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer TransAlta Shares.

Appears in 1 contract

Samples: Arrangement Agreement (Transalta Corp)

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Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Purchaser Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, Company Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 or Section 5.2 hereof. Subject to applicable law and to Section 3.3 5.4 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Purchaser Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Purchaser Shares.

Appears in 1 contract

Samples: Arrangement Agreement (B2gold Corp)

Distributions with Respect to Unsurrendered Certificates. No dividend or other distribution declared or made after the Effective Time with respect to Buyer Excellon Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares, Otis Shares unless and until the holder of such certificate shall have complied with the provisions of Section 5.1 or Section 5.2 hereof. Subject to applicable law and to Section 3.3 5.5 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Buyer Excellon Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Buyer Excellon Shares.

Appears in 1 contract

Samples: Arrangement Agreement

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