Common use of Effect of Plan of Arrangement Clause in Contracts

Effect of Plan of Arrangement. At the Effective Time, subject to the terms and conditions of this Agreement and as contemplated by the Plan of Arrangement, GenSci will be deemed to have received the Purchase Price from IsoTis and transferred, sold and assigned to IsoTis and IsoTis will be deemed to have paid the Purchase Price to GenSci and accepted, purchased and assumed the:

Appears in 2 contracts

Sources: Arrangement Agreement (Isotis Sa), Arrangement Agreement (Isotis Sa)