Common use of Segregation of Funds Clause in Contracts

Segregation of Funds. The Parent will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such other assets as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders from time to time of the Exchangeable Shares, and to use such funds and other assets so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price, as applicable.

Appears in 1 contract

Samples: Trust Agreement (Veritas Software Corp /De/)

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Segregation of Funds. The Parent will and if applicable will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such assets and other assets property as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders holders from time to time of the Exchangeable Shares, and to will use such funds funds, assets and other assets property so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price, as applicable.

Appears in 1 contract

Samples: Support Agreement (Discreet Logic Inc)

Segregation of Funds. The Parent will and if applicable will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such assets and other assets property as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders holders from time to time of the Exchangeable Shares, and to will use such funds funds, assets and other assets property so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price, as applicable.. 2.3

Appears in 1 contract

Samples: Agreement Memorandum of Agreement (Autodesk Inc)

Segregation of Funds. The Parent will and if applicable will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such assets and other assets property as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Amount or Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders holders from time to time of the Exchangeable Shares, and to will use such funds funds, assets and other assets property so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, Amount or the Retraction Price or the Redemption Price, as applicable.

Appears in 1 contract

Samples: Support Agreement (Caldera Corp /Fl/)

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Segregation of Funds. The Parent will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such other assets as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Retraction Price or Redemption Price, in each case for the benefit of Non-the Non- Affiliated Holders from time to time of the Exchangeable Shares, and to use such funds and other assets so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price, as applicable.

Appears in 1 contract

Samples: Combination Agreement (Electronic Retailing Systems International Inc)

Segregation of Funds. The Parent will cause the Corporation to deposit a sufficient amount of funds in a separate account and segregate a sufficient amount of such other assets as is necessary to enable the Corporation to pay or otherwise satisfy the applicable dividends, Liquidation Amount, Amount or Retraction Price or Redemption Price, in each case for the benefit of Non-Affiliated Holders from time to time of the Exchangeable Shares, and to use such funds and other assets so segregated exclusively for the payment of dividends and the payment or other satisfaction of the Liquidation Amount, Amount or the Retraction Price or the Redemption Price, as applicable.

Appears in 1 contract

Samples: Voting, Support and Exchange Trust Agreement (Planet411 Com Inc)

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