Examples of CRP Agreement in a sentence
Following receipt of the Final Order and prior to the Effective Time, Purchaser shall deliver or arrange to be delivered to the Escrow Agent the aggregate CRP required to be paid to the Company Shareholders in accordance with Section 3.1(d), which CRP shall be held by the Escrow Agent as agent and nominee for such former Company Shareholders for distribution to such former Company Shareholders in accordance with the provisions of the CRP Agreement.
Withholding in respect of the transfer of the CRP into escrow and any payments made pursuant to the agreement, substantially in the form set out in Schedule G to the Information Circular (the “ CRP Agreement”), will be governed exclusively by the CRP Agreement.
Whilst the Interim Resource Certification process will determine the resources upon which any potential payments owing under the CRP Agreement are made, the certification will also inform the future plans for the development of PRL 15 and related projects.
Each such holder of Common Shares will be issued an EVR evidencing the CRPs deposited into escrow and each Shareholder’s and RSU Holder’s entitlement to any CRP Payout in accordance with the terms and conditions of the CRP Agreement.
Prior to the Effective Time, Parent and the Company agree to cooperate in good faith to incorporate any reasonable comments to the CRP Agreement received from the Escrow Agent under the CRP Agreement.
The summary is qualified in its entirety by the full text of the CRP Agreement and Shareholders and RSU Holders are urged to read the CRP Agreement in its entirety.
In order to satisfy the terms of this post-closing adjustment, the CRP will be held in escrow with the Escrow Agent on behalf of CRP Holders and governed by the terms and conditions of the CRP Agreement.
Parent will, following receipt by the Company of the Final Order and on or prior to the Effective Time, deliver or cause to be delivered sufficient cash and Parent Shares, and make appropriate funding arrangements in accordance with the CRP Agreement, as applicable, to satisfy the Consideration payable to the Company Shareholders pursuant to the Plan of Arrangement (other than Company Shareholders exercising Dissent Rights and who have not withdrawn their notice of dissent).
For the avoidance of doubt, withholding in respect of the transfer of the CRP into escrow and any payments made pursuant to the CRP Agreement shall be governed exclusively by the CRP Agreement.
Withholding in respect of the transfer of the CRP into escrow and any payments made pursuant to the agreement, substantially in the form set out in Schedule D to the Information Circular (the “ CRP Agreement”), will be governed exclusively by the CRP Agreement; 7.