Common use of DELIVERY OF HELD BACK SHARES Clause in Contracts

DELIVERY OF HELD BACK SHARES. Viasource agrees to deliver to the Shareholders, as applicable, no later than twelve (12) months after the date hereof any Held Back Shares then held by it other than to the extent that there then remains unresolved any claim for Indemnifiable Damages as to which notice has been given, in which event any Held Back Shares remaining on deposit after such claim shall have been satisfied shall be returned to the Shareholders, as applicable, promptly after the time of satisfaction (the "HOLD BACK PERIOD").

Appears in 1 contract

Samples: Merger Agreement (Viasource Communications Inc)

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DELIVERY OF HELD BACK SHARES. Viasource ViaSource agrees to deliver to the Shareholders, as applicable, Companies no later than twelve eighteen (1218) months after the date hereof any Held Back Shares then held by it other than to the extent that unless there then remains unresolved any claim for Indemnifiable Damages as to which notice has been given, in which event any ViaSource shall distribute all of the Held Back Shares remaining on deposit after except for an amount sufficient to compensate ViaSource for such Indemnifiable Damages. After such claim shall have has been satisfied satisfied, any remaining Held Back Shares shall be returned distributed to the Shareholders, as applicable, Companies promptly after the time of satisfaction (the "HOLD BACK PERIOD")satisfaction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Viasource Communications Inc)

DELIVERY OF HELD BACK SHARES. Viasource ViaSource agrees to deliver to the Shareholders, as applicable, Shareholders no later than twelve (12) months after the date hereof any Held Back Shares Shares, Held Back Cash and Held Back Note then held by it other than to the extent that unless there then remains unresolved any claim for Indemnifiable Damages as to which notice has been given, in which event any Held Back Shares remaining on deposit after such claim shall have been satisfied shall be returned to the Shareholders, as applicable, Shareholders promptly after the time of satisfaction (the "HOLD BACK PERIOD")satisfaction.

Appears in 1 contract

Samples: Merger Agreement (Viasource Communications Inc)

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DELIVERY OF HELD BACK SHARES. Viasource ViaSource agrees to deliver to the Shareholders, as applicable, Company no later than twelve (12) months after the date hereof any Held Back Shares then held by it other than to the extent that unless there then remains unresolved any claim for Indemnifiable Damages as to which notice has been given, in which event any Held Back Shares remaining on deposit after such claim shall have been satisfied shall be returned to the Shareholders, as applicable, Company promptly after the time of satisfaction (the "HOLD BACK PERIOD")satisfaction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Viasource Communications Inc)

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