Common use of Satisfaction and Discharge of Agreement Clause in Contracts

Satisfaction and Discharge of Agreement. Upon the earlier of: (a) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares and payment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where the Acquisition is terminated or the Acquisition Time does not occur by the Deadline as provided in Section 3.3, this Agreement shall cease to be of further effect and the Subscription Receipt Agent, on demand of and at the cost and expense of the Corporation and upon delivery to the Subscription Receipt Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoing, the indemnities provided to the Subscription Receipt Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 2 contracts

Sources: Subscription Receipt Agreement (Gran Tierra Energy Inc.), Subscription Receipt Agreement (Gran Tierra Energy Inc.)

Satisfaction and Discharge of Agreement. Upon the earlier of: (a) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares Units and payment of all monies required as provided in Section 3.23.3; or (b) the payment of all monies required where the Acquisition is terminated or the Acquisition Time does not occur by the Deadline as provided in Section 3.33.4, this Agreement shall cease to be of further effect and the Subscription Receipt Escrow Agent, on demand of and at the cost and expense of the Corporation Trust and upon delivery to the Subscription Receipt Escrow Agent of a certificate of the Corporation Trust stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoing, the indemnities provided to the Subscription Receipt Escrow Agent by the Corporation Trust hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 2 contracts

Sources: Subscription Receipt Agreement (Canetic Resources Trust), Subscription Receipt Agreement (Advantage Energy Income Fund)

Satisfaction and Discharge of Agreement. (a) Upon the earlier of: (ai) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares and the payment of all monies required as provided in Section 3.2; or (bii) the payment of all monies required where the Acquisition is terminated or the Acquisition Time does not occur by the Deadline a Termination Event occurs as provided in Section 3.3, this Agreement shall cease to be of further effect and the Subscription Receipt Agent, on demand of and at the cost and expense of the Corporation and upon delivery to the Subscription Receipt Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoingforegoing provisions of this Section 11.5, the indemnities provided to the Subscription Receipt Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 2 contracts

Sources: Subscription Receipt Agreement (Cae Inc), Subscription Receipt Agreement (Cae Inc)

Satisfaction and Discharge of Agreement. Upon the earlier of: (a) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares Units and payment of all monies required as provided in Section 3.23.3; or (b) the payment of all monies required where the EnCana Acquisition is terminated or the Acquisition Time does not occur by the Deadline as provided in Section 3.33.4, this Agreement shall cease to be of further effect and the Subscription Receipt Escrow Agent, on demand of and at the cost and expense of the Corporation Trust and upon delivery to the Subscription Receipt Escrow Agent of a certificate of the Corporation Trust stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoing, the indemnities provided to the Subscription Receipt Escrow Agent by the Corporation Trust hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 1 contract

Sources: Subscription Receipt Agreement (Canetic Resources Trust)

Satisfaction and Discharge of Agreement. Upon the earlier earliest of: (a) the issue of certificates or Book-Entry Only System customer confirmations and/or certificates representing Common Shares and Warrants, and the payment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where the Acquisition is terminated or the Acquisition a Termination Time does not occur by the Deadline occurs as provided in Section 3.33.5, this Agreement shall cease to be of further effect and the Subscription Receipt Agent, on demand of and at the cost and expense of the Corporation and upon delivery to the Subscription Receipt Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied withwith and upon payment of any outstanding fees and expenses, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoing, the indemnities provided to the Subscription Receipt Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 1 contract

Sources: Subscription Receipt Agreement

Satisfaction and Discharge of Agreement. Upon the earlier of: (a) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares and payment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where the Acquisition is terminated or the Acquisition Closing Time does not occur by the Deadline Outside Date as provided in Section 3.3, this Agreement shall cease to be of further effect and the Subscription Receipt Escrow Agent, on demand of and at the cost and expense of the Corporation and upon delivery to the Subscription Receipt Escrow Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoingforegoing provisions of this Section 10.5, the indemnities provided to the Subscription Receipt Escrow Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 1 contract

Sources: Subscription Receipt Agreement (Transcanada Corp)

Satisfaction and Discharge of Agreement. Upon the earlier earliest of: (a) the issue of certificates or Book-Entry Only System customer confirmations representing Common Shares and the payment of all monies required as provided in Section 3.23.3(c) or 3.4(a), as applicable; or (b) the payment of all monies required where the Acquisition is terminated or the Acquisition Termination Time does not occur by the Deadline occurs as provided in Section 3.33.5, this Agreement shall cease to be of further effect and the Subscription Receipt Agent, on demand of and at the cost and expense of the Corporation and upon delivery to the Subscription Receipt Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Agreement have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging this Agreement. Notwithstanding the foregoing, the indemnities provided to the Subscription Receipt Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Agreement.

Appears in 1 contract

Sources: Subscription Receipt Agreement (Baytex Energy Corp.)