Terms of the Amalgamation Sample Clauses

Terms of the Amalgamation. 1 1.1 The Amalgamation 2 1.2 The Closing; Effective Time; Effect 2 1.3 Exchange of Securities 2 1.4 Tender and Payment; Dissent Rights 3 1.5 Governing By-laws. 5 1.6 Directors and Officers; Lock Up 5 1.7 Certain Adjustments to Parent Capitalization 6 1.8 Other Effects of the Amalgamation 6 1.9 Additional Actions 6 1.10 Headquarters 6
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Terms of the Amalgamation. Advantagewon, Opulence, and Groundstar hereby covenant and agree to implement the Amalgamation in accordance with the terms and subject to the conditions of this Agreement: (a) as soon as reasonably practicable following the execution and delivery of this Agreement Groundstar shall obtain proceed in obtaining Groundstar Shareholder Approval for the Groundstar Resolution; (b) in accordance with the requirements of the ABCA, Groundstar and Opulence shall jointly complete and file the Articles of Amalco with the Registrar to give effect to the Amalgamation; (c) at the Effective Time, Groundstar and Opulence shall amalgamate and continue as one corporation, being Amalco, pursuant to the provisions of section 181 of the ABCA; (d) at the Effective Time: (i) all of the holders of Groundstar Shares outstanding immediately prior to the Effective Time, shall receive, in exchange for their Groundstar Shares, that number of Advantagewon Shares equal to the product of: (A) the number of the Groundstar Shares held by such holders; and (B) the Exchange Ratio; and the Groundstar Shares outstanding immediately prior to the Effective Time shall be cancelled; (ii) all of the Opulence Shares outstanding immediately prior to the Effective Time shall be exchanged for an equal number of Amalco Shares; (iii) Advantagewon shall add to the stated capital account maintained in respect of the Advantagewon Shares an amount equal to the paid-up capital for purposes of the Tax Act of the Groundstar Shares immediately before the Effective Time; (iv) the aggregate stated capital maintained in respect of the Amalco Shares issued pursuant to the Amalgamation shall be the aggregate of the paid-up capital for the purposes of the Tax Act of the Opulence Shares and the Groundstar Shares immediately before the Effective Time; and (v) as consideration for the issuance of Advantagewon Shares pursuant to the Amalgamation, Amalco shall issue to Advantagewon one Amalco Share for each Advantagewon Share issued; (e) at the effective Time, all of the holders of Groundstar Debt outstanding immediately prior to the Effective Time, shall receive, in exchange for their Groundstar Debt, that number of Advantagewon Shares equal to the product of: (A) the principal amount of Groundstar Debt held by such holders; and (B) the Exchange Ratio; and the Groundstar Debt outstanding immediately prior to the Effective Time shall be cancelled; and (f) the Articles of Amalco shall be in the form appended hereto as Schedu...

Related to Terms of the Amalgamation

  • Terms of the Agreement Each Party shall treat the terms of this Agreement as the Confidential Information of other Party, subject to the exceptions set forth in Section 7.2. Notwithstanding the foregoing, each Party acknowledges that the other Party may be obligated to file a copy of this Agreement with the SEC, either as of the Effective Date or at some point during the Term. Each Party shall be entitled to make such a required filing, provided that it requests confidential treatment of certain commercial terms and sensitive technical terms hereof to the extent such confidential treatment is reasonably available to it. In the event of any such filing, the filing Party shall provide the other Party with a copy of the Agreement marked to show provisions for which the filing Party intends to seek confidential treatment and shall reasonably consider and incorporate the other Party’s comments thereon to the extent consistent with the legal requirements governing redaction of information from material agreements that must be publicly filed. The other Party shall promptly provide any such comments.

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

  • Implementation of the Agreement Regulations of this Agreement relating to investments who investors of one Contracting Party realized before or after the entry into force of this Agreement, with what shall apply from the moment of its entry into force, provided that such investments conducted in accordance with the laws of that Party Contracting.

  • OTHER TERMS OF THE AGREEMENT Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.

  • Variation of the Agreement The Agreement may be amended at any time by agreement in writing between the Organisation and the Ministry.

  • Effect of the Amendment The Agreement will be deemed amended to the extent herein provided, and, except as specifically amended hereby, will continue in full force and effect in accordance with its original terms. This Amendment supersedes any previous understandings, commitments, or representations whatsoever, whether oral or written, related to the subject matter of this Amendment. Both parties agree that this Amendment will constitute an integral, nonseverable part of the Agreement and be governed by its provisions, except that if the Agreement and this Amendment have specific provisions that are inconsistent, the specific provisions contained in this Amendment will govern.

  • Amendments of the Agreement This Agreement may be amended by a writing signed by both parties hereto, provided that no material amendment to this Agreement shall be effective until approved (i) by the vote of a majority of those Trustees of the Trust who are not interested persons of Xxxxx Xxxxx or the Trust cast in person at a meeting called for the purpose of voting on such approval, and (ii) if required by the Investment Company Act of 1940, by vote of a majority of the outstanding voting securities of the Fund.

  • Operation of the Agreement The Parties recognize that it is impractical in this Agreement to provide for every contingency which may arise during the life of the Agreement, and the Parties hereby agree that it is their intention that this Agreement shall operate fairly as between them, and without detriment to the interest of either of them, and that, if during the term of this Agreement either Party believes that this Agreement is operating unfairly, the Parties will use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but failure to agree on any action pursuant to this Clause 8.2 shall not give rise to a dispute subject to arbitration in accordance with Clause 9 hereof.

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."

  • Construction of the Agreement The Agreement sets forth the entire understanding between two sophisticated business entities with legal counsel as to its subject and supersedes all prior agreements, conditions, warranties, representations, arrangements and communications, including purchase orders issued by Client, whether oral or written, and whether with or by Accenture, any of its affiliates, or any of their employees, officers, directors, agents or shareholders. Each party acknowledges that it entered into the Agreement solely based on the agreements and representations contained herein, and has not relied upon any representations, warranties, promises, or inducements of any kind, whether oral or written, and from any source. If a court of competent jurisdiction finds any term of the Agreement to be invalid, illegal or otherwise unenforceable, such term or provision will not affect the other terms of this Agreement and will be deemed modified to the extent necessary, in the court’s opinion, to render such term enforceable while preserving to the fullest extent permissible the intent and agreements of the parties set forth in this Agreement. No waiver or modification of any provision of the Agreement will be effective unless it is in writing and signed by the party against which it is sought to be enforced. The delay or failure by either party to exercise or enforce any of its rights under this Agreement is not a waiver of that party’s right to later enforce those rights, nor will any single or partial exercise of any such right preclude any other or further exercise of these rights or any other right. There are no third-party beneficiaries to the Agreement. In the event of a conflict between these GTC and an Order Form, the Order Form controls for purposes of that Order Form only.

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