Payment of Scheme Consideration Sample Clauses

Payment of Scheme Consideration. 4.1 Subject to clause 3, Bidder undertakes to each Scheme Shareholder:
AutoNDA by SimpleDocs
Payment of Scheme Consideration. (a) Subject to clause 3, in consideration for the transfer to Vocus of all of the Scheme Shares and all rights and entitlement attaching to them by each Scheme Shareholder, Vocus undertakes in favour of each Scheme Shareholder to provide the Scheme Consideration to each Scheme Shareholder, in accordance with the terms of the Scheme.
Payment of Scheme Consideration. 4.5 Target must procure that by no later than the 3 Business Days before the Implementation Date, Bidder deposits in cleared funds an amount equal to the aggregate amount of the Scheme Consideration payable to each Scheme Shareholder in a British pound denominated trust account operated by Target (Trust Account) as trustee for the Scheme Shareholders. Any interest on the amounts deposited (less bank fees and other charges) will be credited to Computershare's account. Target must only pay or release, or procure the payment or release, of funds from the Trust Account for the sole purposes of the Bidder satisfying its payment obligations in respect of the Scheme.‌
Payment of Scheme Consideration. Subject to clause 2, in consideration of the transfer to Intrepid of each Emperor Share held by a Scheme Participant under the terms of the Scheme, Intrepid will, on the Implementation Date:
Payment of Scheme Consideration. (a) Subject to clause 3, in consideration for the transfer to Richview of each Scheme Share on the Implementation Date for the Share Scheme, PEM will pay and provide the Share Scheme Consideration to each Scheme Shareholder in accordance with the Share Scheme.
Payment of Scheme Consideration. (a) On the Business Day prior to the Implementation Date, Target must procure that Bidder, in accordance with its covenant in favour of Scheme Shareholders contained in clause 5.2 of the Deed Poll, must or must cause Bidder’s Nominee to deposit in cleared funds an amount equal to the Scheme Consideration into an Australian dollar denominated trust account, operated by Target as trustee for the Scheme Participants, to be held on trust for the Scheme Participants for the purpose of paying the Scheme Consideration to each Scheme Participant, except that any interest on the amounts deposited (less bank fees and other charges) shall be to Bidder’s or Bidder’s Nominee’s account.
Payment of Scheme Consideration. Subject to clause 3, in consideration for the transfer to Bidder’s Nominee of each Scheme Share on the Implementation Date, Bidder must or must cause Bidder’s Nominee to pay the Scheme Consideration in accordance with clause 6.1(a) of the Scheme.
AutoNDA by SimpleDocs
Payment of Scheme Consideration. (a) Bidder undertakes and warrants to Veda (in Vxxx’s own right and on behalf of each Scheme Shareholder) that, in consideration of the transfer to Bidder of each Scheme Share under the terms of the Scheme, on the Implementation Date Bidder will:
Payment of Scheme Consideration. The Bidder undertakes to Sirtex (in its own right and as trustee on behalf of the Scheme Shareholders) that, in consideration for the transfer to the Bidder (or, if applicable, the Bidder Nominee) of each Scheme Share, on the Implementation Date it will:
Payment of Scheme Consideration. (a) The Bidder must (pursuant to its obligations under the Deed Poll), by no later than the Business Day before the Implementation Date, deposit (or procure the deposit) in cleared funds the aggregate amount of the Scheme Consideration payable to all Scheme Shareholders into the Trust Account.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!