Automatic Exchange Right definition
Automatic Exchange Right has the meaning ascribed thereto in the Voting and Exchange Trust Agreement;
Automatic Exchange Right has the meaning ascribed thereto in Section 5.12(2);
Automatic Exchange Right means the benefit of the obligation of RG to effect the automatic exchange of Exchangeable Shares for RG Shares pursuant to Section 5.12.
Examples of Automatic Exchange Right in a sentence
If any fractional interest in a ParentCo Share would be deliverable upon the exercise of the Exchange Right or the Automatic Exchange Right, as applicable, the number of ParentCo Shares issuable shall be rounded down to the nearest whole number without payment in respect of such fractional share.
Each Holder will pay any documentary, stamp, transfer or other similar taxes that may be payable in respect of any Transfer involved in the issuance or delivery of ParentCo Shares pursuant to the exercise of the Exchange Right or the Automatic Exchange Right.
More Definitions of Automatic Exchange Right
Automatic Exchange Right means the benefit of the obligation of SPAC to effect the automatic exchange of Exchangeable Shares for SPAC Shares pursuant to Section 3.8.
Automatic Exchange Right means the benefit of the obligation of MEC to effect the automatic exchange of MEC Class A Shares for Exchangeable Shares pursuant to section 3.11(c).
Automatic Exchange Right means the benefit of the obligation of Vivendi to effect the automatic exchange of Exchangeable Shares for Vivendi ADSs under section 4.12;
Automatic Exchange Right means the benefit of the obligation of WSI to effect the automatic exchange of Exchangeable Shares for WSI Common Shares pursuant to Section 5.12 hereof.
Automatic Exchange Right means the benefit of the obligation of SMTC, in the event of an SMTC Liquidation Event, to purchase all of the outstanding Exchangeable Shares (other than Exchangeable Shares held by SMTC or its Affiliates) from the holders thereof on the fifth Business Day prior to the effective date of any such SMTC Liquidation Event in exchange for shares of SMTC Common Stock, plus the aggregate Dividend Amount, pursuant to Section 5.11.
Automatic Exchange Right means the benefit of the obligation of RTO Acquiror to effect the automatic exchange of Exchangeable Shares for RTO Acquiror Shares pursuant to Section 5.12.
Automatic Exchange Right means the benefit of the obligation of Shire to effect the automatic exchange of Shire Ordinary Shares for Exchangeable Shares pursuant to Section 5.14.