Common use of Alternative Transaction Clause in Contracts

Alternative Transaction. In the event that, in lieu of the Transactions, Xxxxxxx seeks to complete the acquisition of all of the Shares by some other means and on terms which are not less favourable to the Shareholder than the terms of the Transactions, including with regard to tax consequences to the Shareholder, and that are agreed to by IPC and IPC Corp., then the Shareholder shall, for greater certainty, during the term of this Agreement, upon request, (i) enter into any agreement with any other person regarding such transaction; and/or (ii) vote or cause to be voted all of the Shares in favour of, and not dissenting from, such transaction.

Appears in 8 contracts

Samples: Arrangement Agreement (Vasogen Inc), Letter Agreement (Vasogen Inc), Vasogen Inc

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Alternative Transaction. In the event that, in lieu of the Transactions, Xxxxxxx seeks to complete the acquisition of all of the Shares by some other means and on terms which are not less favourable to the Shareholder than the terms of the Transactions, including with regard to tax consequences to the Shareholder, and that are agreed to by IPC and IPC Corp., then the Shareholder shall, for greater certainty, during the term of this Agreement, upon request, (i) enter into any agreement with any other person regarding such transaction; and/or (ii) vote or cause to be voted all of the Shares in favour of, and not dissenting from, such transaction.. ARTICLE 6

Appears in 1 contract

Samples: Vasogen Inc

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