Examples of Class A Restricted Voting Shares in a sentence
Each holder of Class A Restricted Voting Shares, together with any affiliate of such holder or other person with whom such holder or affiliate is acting jointly or in concert, will not be permitted to redeem more than an aggregate of 15% of the number of Class A Restricted Voting Shares issued and outstanding.
Prior to any Qualifying Acquisition, the Class A Restricted Voting Shares may only be redeemed upon certain events.
Such Permitted Timeline, however, could be extended to up to 36 months with shareholder approval of only the holders of Class A Restricted Voting Shares, by ordinary resolution, with approval by the Corporation’s board of directors.
Following closing of the Qualifying Transaction, the Corporation will not issue any Class A Restricted Voting Shares.
The Corporation defines the capital that it manages as its shareholders’ deficiency, net of its Class A Restricted Voting Shares subject to redemption and warrant liability.