Common use of Subdivision or Consolidation Clause in Contracts

Subdivision or Consolidation. The Proportionate Voting Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 12 contracts

Samples: Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp), Amalgamation Agreement (Alpine Summit Energy Partners, Inc.)

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Subdivision or Consolidation. The Proportionate Multiple Voting Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Proportionate Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 12 contracts

Samples: Amalgamation Agreement (Alpine Summit Energy Partners, Inc.), Arrangement Agreement (Acreage Holdings, Inc.), Business Combination Agreement (Cannex Capital Holdings Inc.)

Subdivision or Consolidation. The Proportionate Subordinate Voting Shares shall not be consolidated or subdivided unless the Subordinate Proportionate Voting Shares and the Multiple Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.. PROPORTIONATE VOTING SHARES The Company will be authorized to issue an unlimited number of Class B proportionate voting shares (“Proportionate Voting Shares”), without nominal or par value, having attached thereto the special rights and restrictions as set forth below:

Appears in 7 contracts

Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement, Arrangement Agreement (Canopy Growth Corp)

Subdivision or Consolidation. The Proportionate Subordinate Voting Shares shall not be consolidated or subdivided unless the Subordinate Proportionate Voting Shares and the Multiple Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 3 contracts

Samples: Business Combination Agreement (Cannex Capital Holdings Inc.), Business Combination Agreement (4Front Ventures Corp.), Business Combination Agreement (Acreage Holdings, Inc.)

Subdivision or Consolidation. The Proportionate Voting Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Voting Common Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 2 contracts

Samples: Transaction Agreement, Transaction Agreement (Columbia Care Inc.)

Subdivision or Consolidation. The Proportionate Voting Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 2 contracts

Samples: Arrangement Agreement (Verano Holdings Corp.), Arrangement Agreement (Verano Holdings Corp.)

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Subdivision or Consolidation. The Proportionate Voting Common Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Proportionate Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 2 contracts

Samples: Transaction Agreement, Transaction Agreement (Columbia Care Inc.)

Subdivision or Consolidation. The Proportionate Subordinate Voting Shares shall not be consolidated or subdivided unless the Subordinate Multiple Voting Shares and the Multiple Proportionate Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 2 contracts

Samples: Business Combination Agreement (Alpine Summit Energy Partners, Inc.), Amalgamation Agreement (Alpine Summit Energy Partners, Inc.)

Subdivision or Consolidation. The Proportionate Subordinate Voting Shares shall not be consolidated or subdivided unless the Subordinate Voting Shares and the Multiple Proportionate Voting Shares are simultaneously consolidated or subdivided utilizing the same divisor or multiplier.

Appears in 2 contracts

Samples: Arrangement Agreement (Verano Holdings Corp.), Arrangement Agreement (Verano Holdings Corp.)

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