Conversion Limitations. In order to effect the FPI Protection Restriction, each holder of Multiple Voting Shares will be subject to the 40% Threshold based on the number of Multiple Voting Shares held by such holder as of the date of the initial issuance of the Multiple Voting Shares and thereafter at the end of each of the Corporation’s subsequent fiscal quarters (each, a “Determination Date”), calculated as follows: X = [(A x 0.4) - B] x (C/D) Where on the Determination Date:
Appears in 3 contracts
Samples: Merger Agreement, Merger Agreement (Trulieve Cannabis Corp.), Merger Agreement
Conversion Limitations. In order to effect the FPI Protection Restriction, each holder of Multiple Voting Shares will be subject to the 4045% Threshold based on the number of Multiple Voting Shares held by such holder as of the date of the initial issuance of the Multiple Voting Shares and thereafter at the end of each of the Corporation’s subsequent fiscal quarters (each, a “Determination Date”), calculated as follows: X = [(A x 0.40.45) - B] x (C/D) Where on the Determination Date:
Appears in 1 contract
Samples: Arrangement Agreement
Conversion Limitations. In order to effect the FPI Protection Restriction, each holder of Multiple Voting Shares will be subject to the 40% Threshold based on the number of Multiple Voting Shares held by such holder as of the date of the initial issuance of the Multiple Voting Shares and thereafter at the end of each of the CorporationCompany’s subsequent fiscal quarters (each, a “Determination Date”), calculated as follows: X = [(A x 0.4) - B] x (C/D) Where on the Determination Date:
Appears in 1 contract
Samples: Business Combination Agreement (Vireo Health International, Inc.)
