Common use of VENDOR’S OBLIGATION AT CLOSING Clause in Contracts

VENDOR’S OBLIGATION AT CLOSING. At the Time of Closing, the Vendor shall: (a) deliver to the Corporation the signed resignations of the Vendor and the Vendor’s nominees, if any, as directors, officers and employees of the Corporation, as the case may be; (b) assign and transfer the Purchased Shares to the Purchaser and deliver the required share certificate(s) duly endorsed for transfer into the name of such Purchaser; (c) do all the things required in order to deliver good and marketable title to the Purchased Shares to the Purchaser, free and clear of all Encumbrances; (d) provide the Purchaser with evidence reasonably satisfactory to the Purchaser that the Vendor is not then a “non-resident” of Canada within the meaning of the Tax Act; and (e) deliver to the Corporation and the Purchaser a release by the Vendor and the Vendor’s nominees in their respective capacities as a director, officer, shareholder and employee of the Corporation of all claims against the Corporation and the Purchaser in their respective capacities as a shareholder, director, officer or employee of the Corporation, except for any claims which might arise out of the transactions of purchase and sale herein contemplated.

VENDOR’S OBLIGATION AT CLOSING. At the Time of Closing, the Vendor shall: (a) deliver to the Corporation the signed resignations of the Vendor and the Vendor’s nominees, if any, as directors, officers and employees of the Corporation, as the case may be; (b) assign and transfer the Purchased Shares to the Purchaser and deliver the required share certificate(s) duly endorsed for transfer into the name of such Purchaser; (c) do all the things required in order to deliver good and marketable title to the Purchased Shares to the Purchaser, free and clear of all Encumbrances; (d) provide the Purchaser with evidence reasonably satisfactory to the Purchaser that the Vendor is not then a “non-resident” of Canada within the meaning of the Tax Act; andand 0000-00-0000 (e) deliver to the Corporation and the Purchaser a release by the Vendor and the Vendor’s nominees in their respective capacities as a director, officer, shareholder and employee of the Corporation of all claims against the Corporation and the Purchaser in their respective capacities as a shareholder, director, officer or employee of the Corporation, except for any claims which might arise out of the transactions of purchase and sale herein contemplated.

VENDOR’S OBLIGATION AT CLOSING. At the Time of Closing, the Vendor shall: (a) deliver to the Corporation the signed resignations of the Vendor and the Vendor’s nominees, if any, nominees as directors, officers and employees of the Corporation, as the case may be; (b) assign and transfer the Purchased Shares to the Purchaser and deliver the required share certificate(s) duly endorsed for transfer into the name of such Purchaser; (c) do all the things required in order to deliver good and marketable title to the Purchased Shares to the Purchaser, free and clear of all Encumbrances; (d) provide the Purchaser with evidence reasonably satisfactory to the Purchaser that the Vendor is not then a “non-residentnon?resident” of Canada within the meaning of the Tax Act; and (e) deliver to the Corporation and the Purchaser a release by the Vendor and the Vendor’s nominees in their respective capacities as a director, officer, shareholder and employee of the Corporation of all claims against the Corporation and the Purchaser in their respective capacities as a shareholder, director, officer or and employee of the Corporation, except for any claims which might arise out of the transactions of purchase and sale herein contemplated.

VENDOR’S OBLIGATION AT CLOSING. At the Time of Closing, the Vendor shall: (a) deliver to the Corporation the signed resignations of the Vendor and the Vendor’s nominees, if any, nominees as directors, officers and employees of the Corporation, as the case may be; (b) assign and transfer the Purchased Shares to the Purchaser and deliver the required share certificate(s) duly endorsed for transfer into the name of such Purchaser; (c) do all the things required in order to deliver good and marketable title to the Purchased Shares to the Purchaser, free and clear of all Encumbrances; (d) provide the Purchaser with evidence reasonably satisfactory to the Purchaser that the Vendor is not then a “non-resident” of Canada within the meaning of the Tax Act; andand 0000-00-0000 (e) deliver to the Corporation and the Purchaser a release by the Vendor and the Vendor’s nominees in their respective capacities as a director, officer, shareholder and employee of the Corporation of all claims against the Corporation and the Purchaser in their respective capacities as a shareholder, director, officer or and employee of the Corporation, except for any claims which might arise out of the transactions of purchase and sale herein contemplated.