Common use of Share Buybacks Clause in Contracts

Share Buybacks. In the event of a Common Share buyback, whether pursuant to a redemption, purchase for cancellation, issuer bid or otherwise, Emera agrees to participate in same on terms identical to that offered to other shareholders such that it will not exceed the 25% Threshold after completion of such Common Share buyback.

Appears in 3 contracts

Sources: Strategic Investment Agreement, Strategic Investment Agreement (Emera Inc), Strategic Investment Agreement (Algonquin Power & Utilities Corp.)