Common use of Dividends or Other Distributions Clause in Contracts

Dividends or Other Distributions. No dividends or distributions declared or made after the Effective Date with respect to Xxxxx Shares with a record date after the Effective Date will be payable or paid to the holder of any unsurrendered certificate or certificates which, immediately prior to the Effective Date, represented outstanding VHV Shares unless and until the holder of such certificate shall have complied with the provisions of this Section 4. Subject to Applicable Law and to Section 4 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Xxxxx Shares and the Spinco Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Xxxxx Shares and Spinco Shares.

Appears in 2 contracts

Samples: Arrangement Agreement (Levon Resources Ltd.), Arrangement Agreement (Levon Resources Ltd.)

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Dividends or Other Distributions. No dividends or distributions declared or made after the Effective Date with respect to Xxxxx New Levon Shares with a record date after the Effective Date will be payable or paid to the holder of any unsurrendered certificate or certificates which, immediately prior to the Effective Date, represented outstanding VHV Levon Shares unless and until the holder of such certificate shall have complied with the provisions of this Section 4. Subject to Applicable Law and to Section 4 hereof, at the time of such compliance, there shall, in addition to the delivery of a certificate representing the Xxxxx Levon Shares and the Spinco Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such Xxxxx Levon Shares and Spinco Shares.

Appears in 2 contracts

Samples: Arrangement Agreement (Levon Resources Ltd.), Arrangement Agreement

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