Segregation of Funds. Acquiror will cause ExchangeCo to deposit a sufficient amount of funds in a separate account of ExchangeCo and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo to pay dividends when due and to pay or otherwise satisfy its obligations under Articles 5, 6 and 7 of the Exchangeable Share Provisions or, if required, to pay the purchase price for Acquiror Shares as contemplated by Section 2.5 hereof, as applicable.
Appears in 2 contracts
Samples: Arrangement Agreement (Magnum Hunter Resources Corp), Support Agreement (Magnum Hunter Resources Corp)
Segregation of Funds. Acquiror will cause ExchangeCo to deposit a sufficient amount of funds in a separate account of ExchangeCo and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo to pay dividends when due and to pay or otherwise satisfy its respective obligations under Articles 5, 6 and 7 of the Exchangeable Share Provisions or, if required, to pay the purchase price for Acquiror Common Shares as contemplated by Section 2.5 hereof2.5, as applicable.
Appears in 2 contracts
Samples: Arrangement Agreement (Gran Tierra Energy, Inc.), Support Agreement (Gran Tierra Energy, Inc.)
Segregation of Funds. Acquiror Coors will cause ExchangeCo Exchangeco to deposit a sufficient amount of funds in a separate account of ExchangeCo Exchangeco and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo Exchangeco to pay dividends and other amounts when due under Article 3 of the Share Provisions and to pay or otherwise satisfy its respective obligations under Articles Article 5, 6 and or 7 of the Exchangeable Share Provisions or, if required, to pay the purchase price for Acquiror Shares as contemplated by Section 2.5 hereofProvisions, as applicable.
Appears in 2 contracts
Samples: Combination Agreement (Coors Adolph Co), Combination Agreement (Coors Adolph Co)
Segregation of Funds. Acquiror will cause ExchangeCo Exchangeco to deposit a sufficient amount of funds in a separate account of ExchangeCo Exchangeco and segregate a sufficient amount of such other assets and property as is necessary to enable ExchangeCo Exchangeco to pay dividends when due and to pay or otherwise satisfy its obligations under Articles 5, 6 and 7 of the Exchangeable Share Provisions or, if required, to pay the purchase price for Acquiror Shares as contemplated by Section 2.5 hereof, as applicable.
Appears in 1 contract
