Common use of RANKING OF EXCHANGEABLE SHARES Clause in Contracts

RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares with respect to the payment of dividends and the distribution of assets in the event of the liquidation, dissolution or winding-up of Canco, whether voluntary or involuntary, or any other distribution of the assets of Canco among its shareholders for the purpose of winding up its affairs.

Appears in 5 contracts

Samples: Arrangement Agreement (Torchlight Energy Resources Inc), Arrangement Agreement (Royal Gold Inc), Arrangement Agreement

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RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares (a) with respect to the payment of dividends or distributions as and to the extent provided in Section 3 and (b) with respect to the distribution of assets in the event of the liquidation, dissolution or winding-up of Cancothe Company, whether voluntary or involuntary, or any other distribution of the assets of Canco the Company among its shareholders for the purpose of winding up its affairsaffairs as and to the extent provided in Section 5.

Appears in 2 contracts

Samples: Exchange Agreement (DelMar Pharmaceuticals, Inc.), Exchange Agreement (Biotricity Inc.)

RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares Shares: (a) with respect to the payment of dividends or other distributions as and to the extent provided in Section 26.3 and (b) with respect to the distribution of assets in the event of the liquidation, dissolution or winding-up of Cancothe Company, whether voluntary or involuntary, or any other distribution of the assets of Canco the Company among its shareholders for the purpose of winding up its affairsaffairs as and to the extent provided in Section 26.5.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Zymeworks Delaware Inc.), And Amended Transaction Agreement (Zymeworks Inc.)

RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares Shares: (a) with respect to the payment of dividends or other distributions as and to the extent provided in Section 3; and (b) with respect to the distribution of assets in the event of the liquidation, dissolution or winding-up of Cancothe Company, whether voluntary or involuntary, or any other distribution of the assets of Canco the Company among its shareholders for the purpose of winding up its affairsaffairs as and to the extent provided in Section 5.

Appears in 1 contract

Samples: Arrangement Agreement (Akerna Corp.)

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RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares with respect to (i) the payment ‎of dividends to the extent provided in Section 3 of dividends these share provisions, and (ii) the distribution of assets in the event ‎event of the liquidation, dissolution or winding-up of CancoExchangeCo, whether voluntary or involuntary, or any other distribution ‎distribution of the assets of Canco ExchangeCo among its shareholders for the purpose of winding up its affairs., to the ‎extent provided in Section 5 of these share provisions.‎

Appears in 1 contract

Samples: Business Combination Agreement (CF Acquisition Corp. VI)

RANKING OF EXCHANGEABLE SHARES. The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares (a) with respect to the payment of dividends as and to the extent provided in Section 3 and (b) with respect to the distribution of assets in the event of the liquidation, dissolution or winding-up of Cancothe Company, whether voluntary or involuntary, or any other distribution of the assets of Canco the Company among its shareholders for the purpose of winding up its affairsaffairs as and to the extent provided in Section 5.

Appears in 1 contract

Samples: Arrangement Agreement (Molycorp, Inc.)

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