Satisfaction of Consideration. The Consideration shall be paid or satisfied by the Purchaser as follows:
Satisfaction of Consideration. At the Closing Time, the Consideration shall be satisfied by (i) the issuance by Canadian Sub to Columbia House Canada of (a) 4,989,052 special shares in the capital of Canadian Sub (the "Canadian Sub Exchange Shares")(which shares will be transferred to Canadian Sub immediately following the issuance thereof in exchange for Exchangeable Shares) and (b) 2 common shares in the capital of Canadian Sub (the "Canadian Sub Common Shares") and (ii) the assumption of liabilities and the performance of the other covenants required to be performed on or prior to Closing hereunder or under the Exchange Agreement, the Support Agreement or the Voting Trust Agreement.
Satisfaction of Consideration. The Consideration shall be satisfied on Completion:
(a) by the payment to the Sellers in cash of £26,750,000 in accordance with paragraph 1 of part 3 of schedule 2; and
(b) by the payment to the Escrow Account of the Retained Consideration in cash in accordance with the provisions of paragraph 1.2 of Part 3 schedule 2.
Satisfaction of Consideration subject to the fulfilment the conditions precedent in Clause 3.1, it will be bound by the Redomiciliation, and will issue the relevant New US Topco Shares in satisfaction of the Consideration pursuant to the Redomiciliation and on the terms set out in this Agreement.
Satisfaction of Consideration. Vitesse will, following receipt by Company of the Final Order and prior to the sending by Company of the Articles of Arrangement to the Registrar in accordance with Section 2.7(b), deposit in escrow, or cause to be deposited in escrow, with the Depositary (the terms and conditions of such escrow to be satisfactory to the Parties, acting reasonably) sufficient shares of Vitesse Common Stock to satisfy the aggregate Consideration payable to all Company shareholders pursuant to the Arrangement.
Satisfaction of Consideration. Against compliance with the foregoing provisions, the Purchaser shall satisfy the purchase consideration in the manner specified in Clause 3.
Satisfaction of Consideration. On the Completion Date, the Purchaser shall in accordance with Clause 8 (i) issue 50% of the Consideration Shares and deliver 40% of the Consideration Shares to each of the Vendors; (ii) deliver 10% of the Consideration Shares to the Custodian Agent for holding, custody and disposal in accordance with the Custodian Agreement; and (iii) retain 10% of the Consideration Shares in accordance with Clause 6.
Satisfaction of Consideration. The Consideration payable for the Purchased Assets shall be paid and satisfied at Closing as follows:
(1) the deposit in the amount of $562,500.00 which was paid by the Purchaser to the Monitor, in trust, in accordance with the SISP (the “Deposit”), shall be applied against the Cash Purchase Price. The Purchaser agrees that notwithstanding the terms of the SISP, it waives any accrued interest earned on the Deposit;
(2) the balance of the Cash Purchase Price shall be paid by the Purchaser to the Monitor;
(3) an amount equal to the agreed value of the Assumed Liabilities, as set out in Schedule “R” shall be satisfied by the assumption by the Purchaser of the Assumed Liabilities by the execution and delivery of the Assignment and Assumption Agreement; and
(4) the Purchaser becoming responsible for the Environmental Obligations subject to and in accordance with Section 6.7.
Satisfaction of Consideration. The Consideration shall be paid or satisfied by the Purchaser as follows:
3.1.1 $500,000: $500,000 shall be paid in cash on the Completion Date as follows:
(a) An amount equivalent to the total of the Vendors current account advances to the Company and the advances of the Vendors secured by the registered first debenture shall be paid by the Purchaser to the Company and the parties shall procure the Company contemporaneously to effect repayment of such advances; and
(b) Any balance shall be payable in cash to the Vendors.
Satisfaction of Consideration. The Consideration shall be paid or satisfied by the by way of the issue and allotment to the Vendor free from all Charges of the Consideration Shares.
