Conditions Precedent to Consummation of the Distribution. The obligations of the Parties to consummate the Distribution shall be conditioned on the satisfaction, or waiver by ALTISOURCE, of the following conditions: (a) Each Ancillary Agreement shall have been executed by each party thereto and shall be in force and effect. (b) The Form 10 shall have been filed with the Commission and declared effective by the Commission, no stop order suspending the effectiveness of the Form 10 shall be in effect, no proceedings for such purpose shall be pending before or threatened by the Commission and the Information Statement shall have been mailed to Record Holders. (c) The AAMC Common Stock shall be quoted on the OTC or a national securities exchange, subject to official notice of issuance.
Appears in 3 contracts
Sources: Separation Agreement (Altisource Portfolio Solutions S.A.), Separation Agreement (Altisource Asset Management Corp), Separation Agreement (Altisource Asset Management Corp)