Common use of Payment of Consideration Clause in Contracts

Payment of Consideration. The Purchaser shall, following receipt of the Final Order and prior to the filing by the Company of the Articles of Arrangement with the Registrar deposit, or cause to be deposited, with the Depositary sufficient funds to be held in escrow and an irrevocable direction for the issuance of a sufficient number of Consideration Shares as necessary to satisfy the aggregate Consideration to the Company Shareholders and Incentive Award Holders as provided for in the Plan of Arrangement (other than with respect to the Company Shareholders exercising Dissent Rights).

Appears in 2 contracts

Samples: Arrangement Agreement (Crescent Point Energy Corp.), Arrangement Agreement (Hammerhead Energy Inc.)

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Payment of Consideration. (1) The Purchaser shall, following receipt of the Final Order and shall on or immediately prior to the filing by the Company of the Articles of Arrangement with the Registrar depositClosing provide, or cause to be depositedprovided to, with the Depositary sufficient funds to be held in escrow and an irrevocable direction for the issuance of a sufficient number of Consideration Shares as necessary to satisfy the aggregate Consideration payable to the Company Shareholders and Incentive Award Holders as provided for in the pursuant to this Plan of Arrangement (other than Arrangement, with the amount per Share in respect of which Dissent Rights have been exercised being deemed to be the Company Shareholders exercising Dissent Rights)Consideration for this purpose, net of any applicable withholdings for the benefit of the Shareholders, which funds shall be held by the Depositary in escrow as agent and nominee for such Shareholders.

Appears in 2 contracts

Samples: Arrangement Agreement (Sierra Wireless Inc), Arrangement Agreement (Semtech Corp)

Payment of Consideration. The Purchaser shall, following receipt of the Final Order and shall on or immediately prior to the filing by the Company of the Articles of Arrangement with the Registrar depositClosing, provide, or cause to be depositedprovided to, with the Depositary sufficient funds to be held in escrow and an irrevocable direction for the issuance of a sufficient number of Consideration Shares as necessary to satisfy the aggregate Consideration payable to the Company Shareholders and Incentive Award Holders as provided for in pursuant to the Plan of Arrangement (other than with respect to the Company Shareholders exercising Dissent RightsRights as provided in the Plan of Arrangement), into escrow with the Depositary (the terms and conditions of such escrow to be satisfactory to the Company and the Purchaser, each acting reasonably).

Appears in 2 contracts

Samples: Arrangement Agreement (Sierra Wireless Inc), Arrangement Agreement (Semtech Corp)

Payment of Consideration. The Purchaser shall, following receipt of the Final Order and immediately prior to the filing by the Company of the Articles of Arrangement with the Registrar depositDirector, or cause to be deposited, with provide the Depositary with sufficient immediately available funds to be held in escrow (the terms and an irrevocable direction for conditions of such escrow to be satisfactory to the issuance of a sufficient number of Consideration Shares as necessary Company and the Purchaser, each acting reasonably) to satisfy the aggregate Consideration to the Company Shareholders and Incentive Award Holders as provided for in the Plan of Arrangement (other than with respect to the Company Shareholders exercising Dissent Rights)Arrangement.

Appears in 2 contracts

Samples: Arrangement Agreement, Arrangement Agreement (Hillman Companies Inc)

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Payment of Consideration. The (a) At or before the Closing, the Purchaser shall, following receipt of the Final Order and prior to the filing by the Company of the Articles of Arrangement with the Registrar deposit, will deposit or cause to be deposited, deposited with the Depositary sufficient funds to be held Depositary, in escrow and an irrevocable direction for the issuance benefit of a sufficient number of Consideration Shares as necessary to satisfy the aggregate Consideration to the Company Absolute Shareholders and Incentive Award Holders as provided for in the Plan of Arrangement (other than with respect Dissenting Shareholders), cash in an aggregate amount equal to the Company Shareholders exercising Dissent Rightspayment obligations contemplated by Section 3.1(f).

Appears in 1 contract

Samples: Arrangement Agreement (Absolute Software Corp)

Payment of Consideration. The Purchaser shall, following receipt of the Final Order and immediately prior to the filing by the Company of the Articles of Arrangement with the Registrar depositEffective Date, or cause to be deposited, with provide the Depositary with (i) the Rollover Consideration and (ii) with sufficient funds to satisfy the aggregate Consideration for the Common Shares as provided in the Plan of Arrangement, to be held in escrow (the terms and an irrevocable direction for the issuance conditions of a sufficient number of Consideration Shares as necessary such escrow to satisfy the aggregate Consideration be satisfactory to the Company Shareholders and Incentive Award Holders as provided for in the Plan of Arrangement (other than with respect to the Company Shareholders exercising Dissent RightsPurchaser, each acting reasonably).

Appears in 1 contract

Samples: Arrangement Agreement (Response Biomedical Corp)

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