Common use of Provision of Scheme Consideration Clause in Contracts

Provision of Scheme Consideration. (a) Subject to this Scheme becoming Effective, in consideration for the transfer to Vocus of the Scheme Shares held by each Scheme Shareholder under the terms of this Scheme, Vocus will provide, or procure provision, to: (i) each Scheme Shareholder who is not an Ineligible Foreign Shareholder, the Scheme Consideration to which that Scheme Shareholder is entitled in accordance with clause 5; and (ii) the Nominee, the Scheme Consideration to which Ineligible Foreign Shareholders would have otherwise been entitled in accordance with clause 5, on the Implementation Date and otherwise in accordance with this Scheme. (b) Nothing in this Scheme requires Vocus to provide Scheme Consideration to any Excluded Shareholder.

Appears in 4 contracts

Sources: Merger Implementation Agreement, Merger Implementation Agreement, Merger Implementation Agreement