Conditions to Distribution. Subject to Section 3.2, the following are conditions to the consummation of the Distribution. The conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or the Board of Directors of Parent to waive or not waive any such condition:
Appears in 5 contracts
Samples: Separation and Distribution Agreement (Efactor Holdings Inc), Separation and Distribution Agreement (Efactor Holdings Inc), Separation and Distribution Agreement (SpeechFX Inc)
Conditions to Distribution. Subject to Section 3.2, the following are conditions to the consummation of the Distribution. The conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or the Board of Directors of Parent to waive or not waive any such condition:
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Q2 Holdings, Inc.), Separation and Distribution Agreement (Q2 Holdings, Inc.)
Conditions to Distribution. Subject to Section 3.2, the The following are conditions to the consummation of any part of the Distribution. The conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or the Board Parent’s board of Directors of Parent directors to waive or not waive any such condition:.
Appears in 2 contracts
Samples: Distribution Agreement (Meta Materials Inc.), Distribution Agreement (Next Bridge Hydrocarbons, Inc.)
