Common use of Effect of Exercising Dissent Rights Clause in Contracts

Effect of Exercising Dissent Rights. Any Dissenting Buyco Securityholder who duly exercises Dissent Rights with respect to his Dissenting Securities and who: (a) is ultimately entitled to be paid fair value for his Dissenting Securities, shall be deemed to have transferred his Dissenting Securities to Buyco for cancellation immediately before the Effective Date; or (b) for any reason is ultimately not entitled to be paid fair value for his Dissenting Securities, shall be deemed to have participated in the Arrangement on the same basis as a non-dissenting Buyco Securityholder and shall receive Subco-RI Shares, or the equivalent warrants or options to acquire Subco-RI Shares, as the case may be, on the same basis as every other non-dissenting Buyco Securityholder in accordance with Section 2.2 hereof and the Plan of Arrangement.

Effect of Exercising Dissent Rights. Any Dissenting Buyco Securityholder who duly exercises Dissent Rights with respect to his Dissenting Securities and who: (a) is ultimately entitled to be paid fair value for his Dissenting Securities, shall be deemed to have transferred his Dissenting Securities to Buyco for cancellation immediately before the Effective Date; or (b) for any reason is ultimately not entitled to be paid fair value for his Dissenting Securities, shall be deemed to have participated in the Arrangement on the same basis as a non-dissenting Buyco Securityholder and shall receive Subco-RI Issuer Shares, or the equivalent warrants or options to acquire Subco-RI Issuer Shares, as the case may be, on the same basis as every other non-dissenting Buyco Securityholder in accordance with Section 2.2 hereof and the Plan of Arrangement.