Common use of Dragon Shares Clause in Contracts

Dragon Shares. Any Dragon Shares being held in escrow at the Effective Time shall, following release from escrow and delivery to Veritas, and subject to applicable legal and contractual restrictions, be transferred to the Administrator. Following receipt thereof, the Administrator shall use reasonable efforts to distribute these shares to holders of TRA Rights and/or sell such shares as promptly as practicable, in each case, in accordance with any applicable legal and contractual restrictions, and, following any such sale, shall deposit the net proceeds thereof into the Collection Account and distribute the same in accordance with paragraph (e) of this Section 5.15."

Appears in 6 contracts

Samples: Stock Purchase Agreement, Agreement (Seagate Technology Holdings), Stock Purchase Agreement, Agreement and Plan (Veritas Software Corp /De/), Stock Purchase Agreement, Agreement (Seagate Technology Holdings)

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