Common use of Amendment of Arrangement Agreement Clause in Contracts

Amendment of Arrangement Agreement. Purchaser hereby covenants and agrees that Purchaser will not amend the Arrangement Agreement (a) to change the form of, or to decrease, the Consideration payable to the holders of Tribute Shares under the Arrangement or (b) in a manner that would otherwise be materially adverse to the interests of the Shareholder without the prior written consent of the Shareholder; provided that, for greater certainty, Purchaser may, without such consent, (i) amend the terms of the Arrangement Agreement (A) to increase the Consideration (or the value of the Consideration) under the Arrangement, (B) to extend the Effective Date to a date not later than the Outside Date, or (ii) to the extent that it has the power to do so, waive any condition of the Arrangement and/or Arrangement Agreement. For greater certainty, nothing in this Article 2 shall prevent Purchaser from terminating this Agreement in accordance with Article 5.

Appears in 4 contracts

Samples: Support Agreement (Aralez Pharmaceuticals Inc.), Support Agreement (Aralez Pharmaceuticals Inc.), Support Agreement (Aralez Pharmaceuticals Inc.)

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