Common use of Adjustment to Consideration Clause in Contracts

Adjustment to Consideration. If, on or after the date of the Arrangement Agreement, the Company sets a record date for any dividend or other distribution on the Company Shares (other than the Permitted Dividend) that is prior to the Effective Date, then the Consideration shall be reduced by the amount of such dividends or distributions.

Appears in 2 contracts

Sources: Arrangement Agreement, Arrangement Agreement

Adjustment to Consideration. If, on or after the date of the Arrangement Agreement, the Company sets a record date for any dividend or other distribution on the Company Shares (other than the Permitted DividendDividends) that is prior to the Effective Date, then the Consideration shall be reduced by the amount of such dividends or distributions.

Appears in 1 contract

Sources: Arrangement Agreement