Conversion Resolution definition
Examples of Conversion Resolution in a sentence
Prior to the Domestication, Parent Board will adopt a Mandatory Conversion Resolution (as defined in the BC Parent Articles), such that, as part of the Domestication Events and as set forth in Section 1.2(a)(iii), each Founder’s Share will convert into one NV Parent Common Share.
The directors may at any time determine by resolution (a "Mandatory Conversion Resolution") that it is no longer in the best interests of the Company that the Multiple Voting Shares are maintained as a separate class of shares of the Company.
From the date of the Mandatory Conversion Resolution, the directors shall no longer be entitled to issue any further Multiple Voting Shares whatsoever.