Common use of Take-Up and Payment Clause in Contracts

Take-Up and Payment. Provided all conditions to the Offer set out in Schedule A to the Pre-Acquisition Agreement have been satisfied or waived prior to the Expiry Time, the Offeror will take-up and pay for all the Shares deposited under the Offer not later than three (3) business days (as such term is defined in Applicable Securities Laws) following the time at which it first becomes entitled to take-up such securities under the Offer pursuant to Applicable Securities Laws. The obligation of the Offeror to take up and pay for the Shares under the Offer shall not be subject to any conditions except those conditions set out in Schedule A to the Pre-Acquisition Agreement.