Release of Escrowed Shares to Qualifying CSR Holders Sample Clauses

Release of Escrowed Shares to Qualifying CSR Holders. The Rights Agent will promptly, and in any event within 10 Business Days following its receipt of the Issuance Statement as well as any letter of instruction reasonably required by the Rights Agent (subject to any reasonable delay in the event of a Permitted Delay), coordinate with Pubco (including in any capacity as Pubco’s transfer agent) to instruct the Escrow Agent to release the Escrowed Shares, subject to Section 2.4(h), to each Qualifying CSR Holder (with any such Pubco Common Shares so issued being in uncertificated book-entry form). Notwithstanding anything herein to the contrary, in no event shall any party hereto be required to issue to (x) the Qualifying CSR Holders an aggregate amount of Pubco Common Shares in excess of the Escrowed Shares or (y) any Qualifying CSR Holder any fractional Pubco Common Shares. If any fractional Pubco Common Shares would otherwise be required to be issued to a Qualifying CSR Holder but for this sentence, the number of Pubco Common Shares to be issued to such Qualifying CSR Holder shall be rounded down to the nearest whole number. For the avoidance of doubt, (i) each CSR held by a CSR Holder that is not a Qualifying CSR Holder shall be deemed to be immediately and automatically cancelled as of the CSR Maturity Date, with no further consideration owed to such CSR Holder and (ii) each CSR held by a Qualifying CSR Holder shall be deemed to be immediately and automatically cancelled upon the issuance of the Escrowed Shares to such Qualifying CSR Holder, or as otherwise contemplated by Section 2.4(j).
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Related to Release of Escrowed Shares to Qualifying CSR Holders

  • Buyer Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Post-Closing Deliveries (a) The Borrower hereby agrees to deliver, or cause to be delivered, to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, the items described on Schedule 5.15 hereof on or before the dates specified with respect to such items, or such later dates as may be agreed to by, or as may be waived by, the Administrative Agent in its sole discretion.

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