CBCA definition
Examples of CBCA in a sentence
The Company shall, in consultation with SPAC, take all steps reasonably necessary or desirable to submit the Arrangement to the Court and shall diligently pursue an application for the Final Order pursuant to Section 192 of the CBCA as soon as reasonably practicable, but in any event not later than five (5) Business Days after the date on which the Company Arrangement Resolution is passed at the Company Shareholders Meeting as provided for in the Interim Order.
Subject to the requirements of Section 190 of the CBCA (as the same may be amended by the Interim Order or the Plan of Arrangement), the Company shall not, except with the prior written consent of SPAC (which consent shall not be unreasonably withheld, conditioned or delayed), make any payment with respect to any Dissenting Shares or offer to settle or settle any demand made pursuant to Section 190 of the CBCA.
Any Company Shareholder who prior to the Arrangement Effective Time fails to perfect or validly withdraws a written objection or otherwise loses his, her or its rights to payment for their Company Common Shares pursuant to section 190 of the CBCA shall be treated in the same manner as a Company Shareholder who did not exercise their dissent rights pursuant to Section 190 of the CBCA.
The Company shall provide not less than ten (10) days’ notice of the Election Deadline to registered Company Shareholders by mailing notice thereof to each Company Shareholder registered on the records of the Company on the record date for the determination of Company Shareholders entitled to receive notice of the Company Shareholders Meeting determined in accordance with the CBCA.