Common use of Exchange Procedure and Other Consideration Clause in Contracts

Exchange Procedure and Other Consideration. Section 3.1 Share Exchange/Delivery of SVC Securities. On the Closing Date. SVG Shareholders, the holders of 100% of the issued and outstanding SVG common Shares, shall deliver to SHS certificates or other documents evidencing all of the issued and outstanding SVG common shares, duly endorsed in blank or with executed power attached thereto in transferable form, On the Closing Date, all previously issued and outstanding common shares of SVG shall lie transferred to SHS, so that SVG shall become a wholly owned subsidiary of SHS.

Exchange Procedure and Other Consideration. Section 3.1 Share 1Share Exchange/Delivery of SVC SVG Securities. On the Closing Date. , SVG Shareholders, the holders of 100% of the issued and outstanding SVG common Shares, shall deliver to SHS certificates or other documents evidencing all of the issued and outstanding SVG common shares, duly endorsed in blank or with executed power attached thereto in transferable form, . On the Closing Date, all previously issued and outstanding common shares of SVG shall lie be transferred to SHS, so that SVG shall become a wholly owned subsidiary of SHS.