Examples of Company Special Shares in a sentence
The parties intend the Company Special Shares issued pursuant to the Plan of Arrangement to be issued in a transaction exempt from registration under the 1933 Act by reason of Section 3(a)(10) thereof and, when issued, such shares of Company Special Shares will not be subject to resale restriction imposed by the 1933 Act.
To exercise the Liquidation Call Right, Abgenix Canada must notify the holders of Company Special Shares, and the Company of Abgenix Canada's intention to exercise such right at least forty-five (45) days before the Liquidation Date in the case of a voluntary liquidation, dissolution or winding-up of the Company and at least five (5) Business Days before the Liquidation Date in the case of an involuntary liquidation, dissolution or winding-up of the Company.
If Abgenix Canada exercises the Redemption Call Right, on the Redemption Date Abgenix Canada will purchase and the holders will sell all of the Company Special Shares then outstanding for a price per share equal to the Redemption Call Purchase Price.
If only a part of the Company Special Shares represented by any certificate or certificates delivered to the Trustee are to be purchased by Abgenix under the Exchange Right, a new certificate for the balance of such Company Special Shares shall be issued to the holder at the expense of Abgenix.
No amount shall be included on the Closing Balance Sheet with respect to Liabilities for the Company Expenses paid in accordance with this Section 3.9. For the avoidance of doubt, no amounts payable in connection with the repayment of the Indebtedness or in respect of the Company Special Shares shall be included in the Company Expenses.
In the event of the exercise of the Liquidation Call Right by Abgenix Canada each holder shall be obligated to sell all the Company Special Shares held by the holder to Abgenix Canada on the Liquidation Date on payment by Abgenix Canada to the holder of the Liquidation Call Purchase Price for each such share, and the Company shall have no obligation to pay any Liquidation Amount to the holders of such shares so purchased by Abgenix Canada.
The parties acknowledge that the required filings include registration statements pursuant to which the Company will register under the Securities Act: (i) the distribution of 90,000 Company Shares by Global to the shareholders of Global; (ii) the deemed issuance of the shares by the Company as a result of the Continuance of the Company under the CBCA; and (iii) the issuance of the Company Common Shares and the Company Special Shares by the Company pursuant to the Amalgamation.
As of the close of business on the date of this Agreement, there were 43,996,355 Company Shares and nil Company Special Shares issued and outstanding in the capital of the Company.
The Company, Abgenix and Abgenix Canada shall be entitled to deduct and withhold from any dividend or consideration otherwise payable to any holder of Company Securities or Company Special Shares such amounts as the Company, Abgenix or Abgenix Canada is required or permitted to deduct and withhold with respect to such payment under the ITA, the United States Internal Revenue Code of 1986 or any provision of provincial, state, local or foreign tax law, in each case, as amended.
In lieu thereof any holder of Company Special Shares who would otherwise be entitled to receive a fraction of an Abgenix Common Share (after aggregating all fractional Abgenix Common Shares that would otherwise be received by such holder) shall receive from Abgenix Canada an amount of cash (rounded to the nearest cent) without interest, equal to the product of (x) such fraction and (y) the Current Market Price of an Abgenix Common Share.