Common use of Participating Shares Payment Clause in Contracts

Participating Shares Payment. On the terms and subject to the conditions set forth in this Agreement, at the Closing, the Buyer shall deliver to each Closing Company Shareholder holding Common Shares, Class B Shares or Class D Shares (a “Participating Shareholder”) an amount in cash per Common Share, Class B Share or Class D Share equal to the Participating Closing Amount Per Share. In addition, each Participating Shareholder shall have the right to receive upon release from Escrow and subject to Article VIII, the Participating Escrow Amount Per Share.