EC Securities definition

EC Securities means Securities the proceeds of which are to be applied by the relevant Issuer in paying the Exercise Price for Commitment Shares to be subscribed by the Issuer on the Issue Date.
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EC Securities means collectively, the E&C Common Shares, E&C Options, E&C Preferred Shares, E&C Warrants and E&C Notes;
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Examples of EC Securities in a sentence

  • All E&C Securities have been issued in compliance, in all material respects, with all applicable Securities Laws.

  • Other than the E&C Preferred Shares, there are no E&C Securities or securities of any of its Subsidiaries outstanding which have the right to vote generally (or are convertible into or exchangeable for securities having the right to vote generally) with the E&C Common Shareholders on any matter.

  • To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes hereof as having been paid to the holder of the E&C Securities in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted to the appropriate taxing authority.

  • At the time of mailing the Circular or as soon as practicable thereafter, E&C shall forward to each E&C Shareholder at the address of such holder as it appears on the register maintained by or on behalf of E&C in respect of the holders of E&C Securities, a letter of transmittal (in the form accompanying the Circular) which shall contain instructions for obtaining delivery of the consideration payable to holders of such securities following the Effective Date pursuant to this Plan of Arrangement.