Examples of Class B Common Shares in a sentence
The Rights will not be tradable separately from the Warrants nor the Class B Common Shares.
The undersigned (the “Subscriber”) hereby subscribes for and agrees to purchase the following non-voting Class B Common Shares of the Issuer (the “Shares”) for the total subscription price set out below and tenders herewith in the form of a cheque or bank draft payable to the Issuer, such Shares to be issued on December 1, 2018 (the “Closing Date”).
The undersigned also acknowledges that this authorization to enroll Class B Common Shares will remain in effect until the undersigned notifies the Corporation otherwise in writing in accordance with the applicable provisions of the said offering memorandum.
Nothing herein contained or done pursuant hereto shall obligate the Holder to purchase or pay for or the Corporation to issue any Class B Common Shares except those Class B Common Shares in respect of which the Holder shall have exercised its right to purchase hereunder in the manner provided herein.
Notwithstanding any adjustments provided for in Section 11 or otherwise, the Corporation shall not be required upon the exercise of any Warrants, to issue fractional Class B Common Shares in satisfaction of its obligations hereunder and no amount shall be payable by the Corporation in respect of any such fraction of a Class B Common Share.