Common use of Satisfaction of Consideration Clause in Contracts

Satisfaction of Consideration. At the Closing Time, the Consideration shall be satisfied by (i) the issuance by Canadian Sub to Columbia House Canada of (a) 4,989,052 special shares in the capital of Canadian Sub (the "Canadian Sub Exchange Shares")(which shares will be transferred to Canadian Sub immediately following the issuance thereof in exchange for Exchangeable Shares) and (b) 2 common shares in the capital of Canadian Sub (the "Canadian Sub Common Shares") and (ii) the assumption of liabilities and the performance of the other covenants required to be performed on or prior to Closing hereunder or under the Exchange Agreement, the Support Agreement or the Voting Trust Agreement.