Common use of The Distributions Clause in Contracts

The Distributions. (a) On or before the Distribution Date, Varian shall: (i) deliver to the Agent the certificates representing the IB Common Shares and the SEB Common Shares, in each case, endorsed by Varian in blank, for the benefit of the Varian Holders; and (ii) instruct the Agent to distribute, on or as soon as practicable after the Distribution Date, to the Varian Holders, (A) one share of IB Common Stock for each share of VAI Common Stock; and (B) one share of SEB Common Stock for each share of VAI Common Stock.