Examples of SpinCo Shares in a sentence
Subject to applicable law and to section 3.6 above, at the time of such compliance, there will, in addition to the delivery of the New Mydecine Shares and Spinco Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such New Mydecine Shares and/or Spinco Shares, as applicable.
Without limiting the generality of the foregoing, any New Mydecine Shares or Spinco Shares so deducted and withheld may be sold on behalf of the person entitled to receive them for the purpose of generating cash proceeds, net of brokerage fees and other reasonable expenses, sufficient to satisfy all remittance obligations relating to the required deduction and withholding, and any cash remaining after such remittance will be paid to the person forthwith.
Spinco covenants and agrees that it will use its commercially reasonable efforts to list the Spinco Shares on the Canadian Securities Exchange or another recognized Canadian stock exchange as soon as practicable following the closing of the Arrangement.
No dividend or other distribution declared or made after the Effective Time with respect to New Mydecine Shares or Spinco Shares with a record date after the Effective Time will be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Mydecine Shares unless and until the holder of such certificate will have complied with the provisions of either of section 6.1 or 6.2 above.
Notwithstanding the foregoing, any amendment, modification or supplement to this Plan of Arrangement may be made following the granting of the Final Order unilaterally by Mydecine, provided that it concerns a matter which, in the reasonable opinion of Mydecine, is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the financial or economic interests of any holder of New Mydecine Shares or Spinco Shares.