Common use of Cancellation of Subscription Receipts Clause in Contracts

Cancellation of Subscription Receipts. In the event that (a) a Termination Notice is delivered to the Subscription Receipt Agent, or (b) the Escrow Release Notice is not delivered to the Subscription Receipt Agent at or before the Escrow Release Deadline, then all of the Subscription Receipts shall, without any action on the part of the holders thereof (including the surrender of any Subscription Receipt Certificates), be terminated and cancelled by the Subscription Receipt Agent as of the Termination Time and holders of Subscription Receipt Certificates shall thereafter have no rights thereunder except to receive the greater of (i) the aggregate Offering Price for their Subscription Receipts, and (ii) their pro rata share of the Escrowed Funds, less applicable withholding taxes, if any, in accordance with Section 6.4 hereof.

Cancellation of Subscription Receipts. In the event that that: (a) a Termination Notice is delivered to the Subscription Receipt Agent, ; or (b) the Escrow Release Notice is not delivered to the Subscription Receipt Agent at or before the Escrow Release Deadline, then all of the Subscription Receipts shall, without any action on the part of the holders thereof (including the surrender of any Subscription Receipt Certificates), be terminated and cancelled by the Subscription Receipt Agent as of the Termination Time and holders of Subscription Receipt Certificates shall thereafter have no rights thereunder except to receive from the greater of Corporation an amount equal to (i) the aggregate Offering Price for their Subscription Receipts, ; and (ii) their pro rata share of the Escrowed FundsEarned Interest, less applicable withholding taxes, if any, in accordance with Section 6.4 hereof.

Cancellation of Subscription Receipts. In the event that (a) a Termination Notice is delivered to the Subscription Receipt Agent, or (b) the Escrow Release Notice is not delivered to the Subscription Receipt Agent at or before the Escrow Release Deadline, then all of the Subscription Receipts shall, without any action on the part of the holders thereof (including the surrender of any Subscription Receipt Certificates), be terminated and cancelled by the Subscription Receipt Agent as of the Termination Time and holders of Subscription Receipt Certificates shall thereafter have no rights thereunder except to receive the greater of an amount equal to (i) the aggregate Offering Price for their Subscription Receipts, and (ii) their pro rata share of the Escrowed FundsEarned Interest, less applicable withholding taxes, if any, in accordance with Section 6.4 hereof.