Consensual Transaction definition

Consensual Transaction means a transaction, whether by merger, amalgamation or otherwise, consented to by all holders of Outstanding Notes that is consummated outside a Bankruptcy or Insolvency (including, without limitation, a CCAA, CBCA or ABCA proceeding) and results in (a) a transfer of all or substantially all of the assets of the Company and its Subsidiaries to a Person or Persons or (b) Control of the Company and its Subsidiaries being transferred to a Person or Persons.
Consensual Transaction means a transaction, whether by amalgamation, merger or otherwise, consented to by the holders of all outstanding Existing Notes, that is consummated outside a Bankruptcy or Insolvency (including, without limitation, a proceeding under the Companies’ Creditors Arrangement Act (Canada), the Canada Business Corporations Act or the Business Corporations Act (Alberta)) and results in (a) a transfer of all or substantially all of the assets of the Borrower and its Subsidiaries to a Person or Persons or (b) Control of the Borrower and its Subsidiaries being transferred to a Person or Persons.
Consensual Transaction means a Transaction consummated pursuant to either step 3.1 through step 3.3 of the Implementation Steps Memo or such other transaction structure or means of implementation as directed by the Requisite Consenting Holders in their sole discretion.

Examples of Consensual Transaction in a sentence

  • On the Effective Date, the Debtor, Newco, GP, Finance Co and Merger Co shall enter into the Consensual Transaction described in Section 3 of the Implementation Plan attached to the Transaction Support Agreement as Exhibit B.

  • The Company acknowledges, and the parties hereto agree, that (i) the Make-Whole Amount shall be payable if the Notes are payable pursuant to this Section 12.1 in any circumstance where a Consensual Transaction has occurred and (ii) the Protective Claim Amount shall be payable if the Notes are payable pursuant to this Section 12.1 prior to the occurrence of a Consensual Transaction.

  • If and to the extent that a termination or similar fee shall become payable by Meridian to Yamana in connection with a Converted Consensual Transaction, Northern Orion shall be entitled to a pro rata portion of such fee, based on the relative fully diluted adjusted market capitalization of Northern Orion and Yamana on the Announcement Date.

  • Implementation: The Transaction will be consummated pursuant to a Consensual Transaction or a Fallback Scheme in all material respects with the terms and conditions of this Term Sheet and pursuant to the steps set forth in the Implementation Steps Memo or such other transaction structure or means of implementation as directed by the Requisite Consenting Holders in their sole discretion.

  • In the event of either a Consensual Transaction or a Non-Consensual Transaction, $250,000,000 of the capitalization of NUREIT will be represented by the purchase by the ▇▇▇▇ Investor Group of 45,454,545 Shares, based upon a purchase price of $5.50 per Share.

  • In the event that during the period from the date hereof to the date that is 12 months after the Bid Expiration Date Barrick enters into any agreement with Placer providing for an alternative form of transaction to the Bid that involves a change in control of, or acquisition of, or merger, amalgamation, arrangement, or business combination with Placer (a “Converted Consensual Transaction”), the provisions of this Agreement shall apply mutatis mutandis to such Converted Consensual Transaction.

  • Implementation: The Transaction will be consummated pursuant to a Consensual Transaction in all material respects with the terms and conditions of this Term Sheet and pursuant to the steps set forth in the Implementation Steps Memo or such other transaction structure or means of implementation as directed by the Requisite Consenting Holders in their sole discretion.

  • The effective date of the Transaction (the “Effective Date”) will be the date upon which a Consensual Transaction or a Fallback Scheme, or such other transaction structure or means of implementation as directed by the Requisite Consenting Holders in their sole discretion, is consummated.

  • In the event that during the period from the date hereof to the date that is 12 months after the Bid Expiration Date Barrick enters into any agreement with Placer providing for an alternative form of transaction to the Bid that involves a change in control of, or acquisition of, or merger, amalgamation, arrangement, or business combination with Placer (a "CONVERTED CONSENSUAL TRANSACTION"), the provisions of this Agreement shall apply MUTATIS MUTANDIS to such Converted Consensual Transaction.

  • The effective date of the Transaction (the “Effective Date”) will be the date upon which a Consensual Transaction or such other transaction structure or means of implementation, as directed by the Requisite Consenting Holders in their sole discretion, is consummated.


More Definitions of Consensual Transaction

Consensual Transaction means the consummation of the Investment contemplated under this Agreement in connection with a transaction with the Borrower relating to the Property which has been agreed upon by the Borrower, EOH and the Company in conformance with discussions heretofore had with the Borrower.