Common use of Effect of Dissent on Closing Clause in Contracts

Effect of Dissent on Closing. If a Buyco Securityholder duly exercises their Dissent Rights, Buyco shall immediately before the Effective Date effect the cancellation of such Dissenting Securities, notify Pubco and Subco- RI of the number of Dissenting Securities subject to cancellation, and will pay fair value to Dissenting Buyco Securityholders for their Dissenting Securities, and Pubco and Subco-RI will following such notice from Buyco, adjust the number of shares to be issued to Buyco Shareholders for such Dissenting Securities. If any Dissenting Buyco Securityholder is ultimately not entitled to be paid for their Dissenting Securities, Buyco shall distribute to such Dissenting Buyco Securityholder their pro-rata portion of the Subco-RI Shares, or the equivalent warrants or options to acquire Subco-RI Shares, as the case may be, in accordance with Section 2.2 hereof and the Plan of Arrangement.

Effect of Dissent on Closing. If a Buyco Securityholder duly exercises their Dissent Rights, Buyco shall immediately before the Effective Date effect the cancellation of such Dissenting Securities, notify Pubco and Subco- RI of the number of Dissenting Securities subject to cancellation, and will pay fair value to Dissenting Buyco Securityholders for their Dissenting Securities, and Pubco and Subco-RI will following such notice from Buyco, adjust the number of shares to be issued distributed to Buyco Shareholders for such Dissenting Securities. If any Dissenting Buyco Securityholder is ultimately not entitled to be paid for their Dissenting Securities, Buyco Subco-RI shall distribute to such Dissenting Buyco Securityholder their pro-rata portion of the Subco-RI SharesShares to be issued by Subco-RI in exchange for Buyco Shares under the Arrangement, or the equivalent warrants or options to acquire Subco-RI Shares, as the case may be, in accordance with Section 2.2 hereof and 2.3 of the Plan of Arrangement.

Effect of Dissent on Closing. If a Buyco Securityholder duly exercises their Dissent Rights, Buyco shall immediately before the Effective Date effect the cancellation of such Dissenting Securities, notify Pubco and Subco- RI Issuer of the number of Dissenting Securities subject to cancellation, and will pay fair value to Dissenting Buyco Securityholders for their Dissenting Securities, and Pubco and Subco-RI Issuer will following such notice from Buyco, adjust the number of shares to be issued to Buyco Shareholders for such Dissenting Securities. If any Dissenting Buyco Securityholder is ultimately not entitled to be paid for their Dissenting Securities, Buyco shall distribute to such Dissenting Buyco Securityholder their pro-rata portion of the Subco-RI Issuer Shares, or the equivalent warrants or options to acquire Subco-RI Issuer Shares, as the case may be, in accordance with Section 2.2 hereof and the Plan of Arrangement.