Common Share Interest Payment Election Notice definition

Common Share Interest Payment Election Notice means a written notice made by the Corporation to the Debenture Trustee specifying:

Common Share Interest Payment Election Notice means a written notice made by the Corporation to the Trustee specifying:

Common Share Interest Payment Election Notice has the meaning attributed thereto in Section 10.1(a);

Examples of Common Share Interest Payment Election Notice in a sentence

• Such Common Share Interest Payment Election Notice shall provide that all or a portion of the Interest Obligation may be paid by the Corporation in Common Shares, and if only a portion of the Interest Obligation is to be paid in Common Shares, the Common Share Interest Payment Election shall state such portion to be paid in Common Shares and such portion to be paid in cash.

• If the Corporation elects to exercise such option, it will deliver a Common Share Interest Payment Election Notice to the holders of the Debentures substantially in the form of Schedule D.

• The Corporation will be required to provide the Common Share Interest Payment Election Notice only if it determines to exercise the Common Share Interest Payment Election.

• The Common Share Interest Payment Election Notice shall direct the Trustees to solicit and accept only, and each Common Share Bid Request shall provide that the acceptance of any bid is conditional on the acceptance of sufficient bids to result in aggregate proceeds from such issue and sale of Common Shares which, together with the cash payments by the Corporation in lieu of fractional Common Shares, if any, equal the Interest Obligation on the Common Share Delivery Date.

• Upon receipt of a Common Share Interest Payment Election Notice, the Trustees shall, in accordance with this Article 10 and such Common Share Interest Payment Election Notice, deliver Common Share Bid Requests to the investment banks, brokers or dealers identified by the Corporation, in its absolute discretion, in the Common Share Interest Payment Election Notice.

• Such Common Share Interest Payment Election Notice delivered by the Issuer shall provide that all or a portion of the Interest Obligation may be paid by the Issuer in Common Shares and, if only a portion of the Interest Obligation is to be paid in Common Shares, the Common Share Interest Payment Election shall state such portion to be paid in Common Shares and such portion to be paid in cash.

• Such Common Share Interest Payment Election Notice shall provide that all or a portion of the Interest Obligation may be paid by the Corporation by the delivery of Common Shares to the Trustee and the subsequent sale of such Common Shares by the Trustee in accordance with this Section 10.1, and if only a portion of the Interest Obligation is to be paid in Common Shares, the Common Share Interest Payment Election shall state the portion to be paid in such manner and such portion to be paid directly in cash.

More Definitions of Common Share Interest Payment Election Notice

Common Share Interest Payment Election Notice has the meaning ascribed thereto in Section 6.1;

Common Share Interest Payment Election Notice means a written notice made by FIU to the Indenture Trustee specifying:

Common Share Interest Payment Election Notice means a written notice made by the Corporation to the Trustee specifying : (i) the Interest Obligation to which the election relates ; and (ii) the portion of the Interest Obligation to be satisfied in cash, if any ; (20) “ Conversion Notice ” has the meaning ascribed thereto in Section 6 . 3 ; (21) “ Conversion Price ” means the dollar amount for which each Common Share may be issued from time to time upon the conversion of Debentures or any series of Debentures which are by their terms convertible in accordance with the provisions of Article 6 , and in the case of the Initial Debentures as described in Section 2 . 5 ( 8 )(b) ; (22) “ Corporation ” means PyroGenesis Canada Inc . and includes any successor to or of the Corporation which shall have complied with the provisions of Article 11 ; (23) “ Counsel ” means a barrister or solicitor or firm of barristers or solicitors retained or employed by the Trustee and acceptable to the Corporation, acting reasonably, or retained or employed by the Corporation and acceptable to the Trustee, acting reasonably ; (24) “ Current Market Price ” means the VWAP of the Common Shares on the TSX for the 5 consecutive Trading Days ending on the date this is five Trading Days preceding the date of the applicable event (or, if the Common Shares are not listed thereon, on such stock exchange on which the Common Shares are listed as may be selected for such purpose by the Board of, or if the Common Shares are not listed on any stock exchange, on the over - the - counter market, or if the Common Shares are listed on more than one stock exchange and are not listed on the TSX, the “Current Market Price” shall be calculated on the stock exchange on which the volume of transactions of Common Shares was the highest during such 5 consecutive Trading Days ; provided further that if the Common Shares are not then listed on any stock exchange or traded on any over - the - counter market, the Current Market Price shall be the fair market value of the Common Shares as at such date as determined by an independent nationally - recognized investment dealer selected by the Corporation) . The volume - weighted average trading price shall be determined by dividing the aggregate sale price of all Common Shares sold on the said exchange or market, as the case may be, during the said 5 consecutive Trading Days by the total number of Common Shares so sold ; (25) “ Date of Conversion ” has the meaning ascribed thereto in Section 6 . 3 ( 2 ) ; (26) “...

Common Share Interest Payment Election Notice means a written notice made by the Issuer to the Share Trustee-Custodian specifying: (i) the Interest Obligation to which the election relates; (ii) the Common Share Interest Payment Election Amount; (iii) the investment banks, brokers or dealers through which the Share Trustee-Custodian shall seek bids to purchase the Common Shares and the conditions of such bids, which may include the minimum number of Common Shares, minimum price per Common Share, timing for closing for bids and such other matters as the Issuer may specify; and (iv) that the Share Trustee-Custodian shall accept through the investment banks, brokers or dealers selected by the Issuer only those bids which comply with such notice.

Common Share Interest Payment Election Notice means a written notice made by the Issuer to the Trustee (acting as agent or mandatary for and for the benefit of Holders and/or Beneficial Holders) specifying:

Common Share Interest Payment Election Notice means a written notice made by the Company to the Debenture Trustee specifying: