Common use of Terms of Rights Clause in Contracts

Terms of Rights. (a) If the Payment Condition is met prior to the Termination Date or in accordance with Section 14.1, each Right shall entitle the Holder thereof, without any further act or formality or payment of any additional consideration, to the CVR Payment Amount less any applicable withholding taxes in accordance with Section 15.5. (b) Pan American shall remit the CVR Payment Amount accruing to the Holder of a Right on or before the applicable Payment Date, in accordance with Section 3.3. (c) All Rights shall rank pari passu, whatever may be the actual date of issue thereof. (d) The Rights shall terminate in accordance with the provisions of Section 3.5 and the Plan of Arrangement.

Terms of Rights. ‌ (a) If the Payment Condition is met prior to the Termination Date or in accordance with Section 14.1, each Right shall entitle the Holder thereof, without any further act or formality or payment of any additional consideration, to the CVR Payment Amount less any applicable withholding taxes in accordance with Section 15.5. (b) Pan American shall remit the CVR Payment Amount accruing to the Holder of a Right on or before the applicable Payment Date, in accordance with Section 3.3. (c) All Rights shall rank pari passu, whatever may be the actual date of issue thereof. (d) The Rights shall terminate in accordance with the provisions of Section 3.5 and the Plan of Arrangement.