Examples of Circular Bid in a sentence
Optional Conversion: Each holder of Shares shall have the option to convert each of his or her Shares into Common Shares at any time on or after the date of a bid contained in a Circular Bid offer for the Common Shares, provided that the right to convert set out herein shall expire on the day prior to the Acquisition Date or in the event of a Significant Change Event (an "Optional Conversion").
In the event that the Company should be dissolved in accordance with provisions in the preceding Paragraph hereof, the Company shall establish a liquidation group within fifteen (15) days of the occurrence of the cause of liquidation to commence liquidation proceedings.