Common use of Satisfaction and Discharge of Agreement Clause in Contracts

Satisfaction and Discharge of Agreement. Upon the earliest of: (a) the issue of the certificates representing the Underlying Shares and Warrants to the Subscribers; or (b) the payment of all monies required where any Termination Time 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 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 earliest earlier of: (a) the issue of the certificates or entering of Book-Based System customer confirmations representing the Underlying Common Shares and Warrants to the Subscriberspayment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where any a Termination Time 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 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 earliest of: (a) the issue of the one or more certificates representing the Underlying Common Shares and Warrants to the Subscriberspayment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where any a Termination Time occurs Event has occurred 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 (Obsidian Energy Ltd.)

Satisfaction and Discharge of Agreement. Upon the earliest earlier of: (a) the issue of the certificates representing the Underlying Common Shares and Warrants to the Subscriberspayment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where any Termination the Acquisition is terminated or the Acquisition Time occurs 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 1 contract

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

Satisfaction and Discharge of Agreement. β€Œ Upon the earliest earlier of: (a) the issue of the certificates representing the Underlying Shares Units and Warrants to the Subscriberspayment of all monies required as provided in Section 3.3; or (b) the payment of all monies required where any Termination the Acquisition is terminated or the Satisfaction Time occurs 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 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: Non Brokered Subscription Receipt Agreement

Satisfaction and Discharge of Agreement. Upon the earliest earlier of: (a) the issue of the certificates or customer confirmations representing the Underlying Common Shares and Warrants to the Subscriberspayment of all monies required as provided in Section 3.2; or (b) the payment of all monies required where any the Termination Time occurs as provided in Section 3.33.4, 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 (Bellatrix Exploration Ltd.)