Outline of Scheme Sample Clauses

The 'Outline of Scheme' clause defines the overall structure and key components of a proposed plan or arrangement within an agreement. It typically summarizes the main steps, parties involved, and the intended outcomes, providing a roadmap for how the scheme will be implemented. By clearly setting out the framework, this clause ensures all parties have a shared understanding of the scheme's scope and sequence, reducing ambiguity and facilitating coordinated execution.
Outline of Scheme. Subject to the terms and conditions of this Agreement, Envestra must propose and implement the Scheme, under which on the Implementation Date all of the Envestra Shares held by Scheme Shareholders will be transferred to APL as RE of APT and the Scheme Shareholders will be entitled to receive for each Envestra Share the Scheme Consideration.
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Outline of Scheme. ‌ Subject to the terms of this document, on the Implementation Date, all of the Boart ▇▇▇▇▇▇▇▇ Shares held by Scheme Shareholders will be transferred to Boart Canada and the Scheme Shareholders will be entitled to receive the Scheme Consideration.
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Outline of Scheme. The parties acknowledge that, subject to the Scheme becoming Effective, on the Implementation Date: (a) all of the Scheme Shares will be transferred to Verra in accordance with the terms of the Scheme; and (b) as consideration for the transfer to Verra of all of the Scheme Shares held by Scheme Participants, Scheme Participants will be entitled to receive the Scheme Consideration in accordance with the terms of the Scheme.
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Outline of Scheme. ‌ 4.1 Scheme‌ Subject to the terms and conditions of this agreement, ▇▇▇▇ agrees to propose the Scheme to Scheme Participants under which: (a) all of the Scheme Shares held by Scheme Participants will be transferred to Trek; and‌ (b) Scheme Participants will be entitled to receive the Scheme Consideration for each Scheme Share held on the Record Date. 4.2 Scheme Consideration‌ (a) Subject to clause 4.2(d), the parties will procure that each Scheme Participant receives 2.12 New Trek Shares for every 1 Scheme Share held as at 5.00pm on the Record Date in accordance with this agreement. (b) Subject to clauses 4.2(c), 4.2(d) and 4.4, Trek undertakes and warrants to Edge that in consideration for the transfer to Trek of each Scheme Share held by a Scheme Participant under the terms of the Scheme on the Implementation Date, Trek will provide to each Scheme Participant the Scheme Consideration in accordance with the terms of this agreement and the Scheme. (c) Trek will procure that the New Trek Shares to be issued as Scheme Consideration will be validly issued, fully paid, unencumbered, rank equally with Trek’s other fully paid ordinary shares from their date of issue and that application will be made to ASX for quotation of the New Trek Shares.‌ (d) Trek will not issue any New Trek Shares to Foreign Scheme Participants, and instead will issue the New Trek Shares that would otherwise have been issued to the Foreign Scheme Participants to a nominee appointed by Trek. Trek will procure that the nominee sells those New Trek Shares on- market and remits the proceeds from that sale (after deducting any selling costs and taxes) to Trek. Trek will then remit the proceeds it receives to the Foreign Scheme Participants in accordance with their entitlement.‌ (e) Any fractional entitlement of a Scheme Participant to New Trek Shares will be rounded down to the nearest whole number of New Trek Shares.
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Outline of Scheme. Subject to and in accordance with the terms and conditions of this agreement and the Scheme, the parties agree that the Scheme Participants will be entitled to receive the Scheme Consideration, except that: (a) where a Scheme Participant would otherwise be entitled under the Scheme to receive a Fractional Avita US Share as part of its Scheme Consideration, the Scheme Participant will receive, in accordance with clause 2.8, the proceeds arising from the sale of that Fractional Avita US Share; and (b) Ineligible Shareholders will receive, in accordance with clause 2.8, the proceeds arising from the sale of the Scheme Consideration that they would otherwise be entitled to receive.
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Outline of Scheme. 5.1 The Scheme (a) all of the Target Units will be acquired by Bidder RE in accordance with the terms of the Scheme and the Supplemental Deed; and (b) each Target Unitholder will be entitled to receive the Scheme Consideration in accordance with the terms of the Scheme and the Supplemental Deed.
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Outline of Scheme. 4.1 Scheme Benitec must propose a scheme of arrangement under which: (a) all of the Benitec Shares held by Scheme Participants at the Record Date will be transferred to Holdco; and (b) each Scheme Participant will be entitled to receive the Scheme Consideration.
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Outline of Scheme 
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Related to Outline of Scheme

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