Consideration Shares definition

Consideration Shares has the meaning ascribed thereto in Section 2.2.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Consideration Shares means the Purchaser Shares to be issued pursuant to the Arrangement;

Consideration Shares shall have the meaning set forth in Section 2.7(c).

Examples of Consideration Shares in a sentence

• Upon completion of the Transactions contemplated by this Agreement, the Vendor Newco will have good and valid title to the Consideration Shares, free and clear of all Liens other than those restrictions on transfer, if any, pursuant to Applicable Law.

• When issued in accordance with the terms hereof, the Consideration Shares will have been (i) duly authorized and validly issued and outstanding as fully paid and non-assessable shares and (ii) issued in compliance with all Applicable Laws and any pre-emptive rights, rights of first refusal or other similar rights of any Person.

• The Consideration Shares to be issued pursuant to this Agreement shall be registered or qualified for distribution or exempt from or not subject to any requirement for registration or qualification for distribution, under Applicable Laws.

• There are, and as of the date of issuance there will be, no shareholders agreements, voting trusts, pooling agreements or other Contracts in respect of the voting of any of the Consideration Shares.

• The Consideration Shares shall (i) not be subject to any “hold period” resale restrictions other than a period of four months and one day under Applicable Laws and (ii) be listed and posted for trading on the Toronto Stock Exchange.

More Definitions of Consideration Shares

Consideration Shares has the meaning set forth in Section 3(a).

Consideration Shares shall have the meaning ascribed to it in Clause 3.1.2;

Consideration Shares is defined in section 2.3(b);

Consideration Shares means the Parent Shares to be issued to the Company Shareholders pursuant to this Plan of Arrangement;

Consideration Shares has the meaning set forth in Clause 2.2.2;

Consideration Shares shall have the meaning ascribed to it in Recital (B);

Consideration Shares means Purchaser Shares to be received by Shareholders (other than the Purchaser) pursuant to Section 3.2(n)(iii), Section 3.2(n)(iv) or Section 3.2(n)(vi)(F).