Canco Shares definition

Canco Shares means the shares of Canco currently held by the Purchasers;
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Canco Shares means the Subordinate Voting Shares of Canco.
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Canco Shares means the two hundred (200) shares in the capital of Canco held by the Vendor, to be delivered at Closing to the Purchaser, duly endorsed for transfer.
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Examples of Canco Shares in a sentence

  • The Canco Shares represent all of the issued and outstanding shares in the capital of Canco.

  • It is upon the date hereof the owner of record of its Canco Shares and shall be upon each Closing Date the owner (both beneficially and of record) of its Canco Shares.

  • No fractional Investor Shares shall be issued upon the exchange of the Canco Shares pursuant to subsection 3.2. In calculating the number of Investor Shares to be issued to any Purchaser upon such exchange, the Company shall round down any fractional number of Investor Shares to the next lowest whole number of Investor Shares.

  • Should the Company wish to require all of the Purchasers to exchange all of their Canco Shares for Common Shares, it shall be obliged to provide the Purchasers with a notice to that effect (the "Forced Exchange Notice") together with evidence that the conditions set forth in paragraphs 5.1.1 and 5.1.2 have been met on that day.

  • Subject to the terms and conditions hereof, the Company shall have the right to require all (and not less than all) of the Purchasers to exchange all (and not less than all) of their Canco Shares for Common Shares at the Exchange Rate (the "Forced Exchange"), it being understood that this right may only be exercised by the Company for all of the Canco Shares held by all the Purchasers.

  • In the event that Project Canco Shares, Distress Canco Shares or Subsequent Canco Shares are issued on more than one occasion, the Exchange Rate will be determined separately at the time of each issuance and, as a consequence, the Exchange Rate may not be the same for all Project Canco Shares, all Distress Canco Shares or all Subsequent Canco Shares.

  • No fractional Common Shares shall be issued upon the exchange of the Canco Shares pursuant to subsection 3.2 or 3.3. In lieu of issuing any fractional Common Shares to any Purchaser upon such exchange, the Company shall pay to such Purchaser a cash adjustment in respect thereof in an amount equal to the product obtained when multiplying the Average Closing Price Per Common Share calculated on the date of the exchange by the fraction of the Common Share which would otherwise have been issued.

  • In the event that any of the conditions precedent set forth in subsections 5.5 hereof shall not have been fulfilled and/or performed as of the Closing Date, each of the Purchasers may, at its option, either (i) advise the Company that it refuses to proceed with the exchange of its Canco Shares or (ii) proceed with the exchange of its Canco Shares, in either case, without prejudice to its rights, recourses and remedies.

  • At each Voluntary Closing, each Purchaser who has given a Notice of Exchange shall surrender the certificate or certificates for the Canco Shares contemplated therein duly endorsed.

  • At each Closing, each Purchaser who has given a Notice of Exchange shall surrender the certificate or certificates for the Canco Shares contemplated therein duly endorsed.


More Definitions of Canco Shares

Canco Shares means the Subordinate Voting Shares of Canco. “Capital Account” means the capital account maintained for a Member in accordance with Section 5.01. “Capital Contribution” means, with respect to any Member, the amount of any cash, cash equivalents, promissory obligations or the Fair Market Value of other property that such Member contributes (or is deemed to contribute) to the Company pursuant to Article III hereof. “Capital Event” means (i) the sale of all or substantially all of the assets of the Company, or (ii) the sale of all of the Units of the Members. “Code” means the United States Internal Revenue Code of 1986, as amended. “Common Percentage Interest” means the fraction, expressed as a percentage, the numerator of which is the sum of such Member’s Common Units and the denominator of which is the sum of the total number of Common Units issued and outstanding at such time. “Common Unit” means a Unit representing a fractional part of the Company Interests of the Members and having the rights and obligations specified with respect to the Common Units in this Agreement. “Common Unitholder” means a Member who is the registered holder of Common Units. “Company” has the meaning set forth in the preamble to this Agreement. “Company Interest” means the interest of a Member in Profits, Losses and Distributions. “Confidential Information” has the meaning set forth in Section 16.02. “Control Transaction” means any of the following: (i) any Person or group of Persons acting jointly or in concert (within the meaning of National Instrument 62-104 – Take-Over Bids and Special Transactions) (“NI 62-104”) acquires, directly or indirectly, control (as defined in NI 62-104) of Canco; (ii) the shareholders of Canco shall have approved a merger, consolidation, recapitalization or reorganization of Canco, or, if shareholder approval is not sought or obtained, any such transaction shall have been consummated, in either case other than any such transaction which would result in at least 50% of the total voting power represented by the voting securities of the resulting entity outstanding immediately after such transaction being beneficially owned by holders of outstanding voting securities of Canco immediately prior to the transaction, with the voting power of each such continuing holder relative to such other continuing holders being not altered substantially in the transaction; and (iii) the shareholders of Canco shall approve an agreement for the sale or disposition by Ca...
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Canco Shares means the Initial Canco Shares, the Project Canco Shares, the Distress Canco Shares and the Subsequent Canco Shares, collectively;
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Related to Canco Shares

  • Amalco Shares means common shares in the capital of Amalco;

  • Subco Shares means the common shares in the capital of Subco;

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Newco Shares means the common shares in the capital of Newco;

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • Company Shares has the meaning set forth in the Recitals.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 1 Pubco Share for 5.4935 Priveco Shares;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Common Shares means the common shares in the capital of the Company;

  • Unit Shares means the Common Shares comprising part of the Units;

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Amalco Common Shares means the common shares in the capital of Amalco;