Common use of Equalization Payment Clause in Contracts

Equalization Payment. If either party is prohibited by Applicable Laws or is otherwise unable to declare, pay or otherwise make all or any portion of an Equivalent Distribution, Thomson-Reuters and Thomson shall, so far as it is practicable to do so, enter into such transactions with each other as the Boards agree to be necessary or desirable so as to enable both to pay cash Equivalent Distributions as nearly as practicable at the same time in accordance with the other provisions of this Section 4.

Appears in 3 contracts

Sources: Implementation Agreement, Implementation Agreement (Thomson Corp /Can/), Implementation Agreement (Reuters Group PLC /Adr/)