Electing Shareholder definition

Electing Shareholder is a Shareholder (other than a Founder) that gives written notice, at least 10 days prior to the date proposed for a Qualified Sale, to the Selling Shareholders that provided the Qualified Sale Notice of such Shareholder’s election to receive the Cash Equivalent of any non-cash consideration proposed to be paid pursuant to the terms of such Qualified Sale.

Electing Shareholder means a Shareholder of Registrable Securities and such Shareholder’s Permitted Transferees who has provided the Company with the required notice and any other information reasonably requested in writing by the Company.

Electing Shareholder means a Shareholder (other than an Excluded Shareholder) that elects to transfer Cinram Shares to the Holding Partnership in exchange for Exchangeable LP Units pursuant to, and in accordance with, the terms of this Arrangement;

Examples of Electing Shareholder in a sentence

• To exercise the right to purchase the Shares of the Transferring Shareholder, the Trustee on behalf of the Electing Shareholders will serve, within thirty (30) days of the date of service of the Transfer Notice upon the Trustee, written notice upon the Transferring Shareholder setting forth the names of each Electing Shareholder and the number of Shares each Electing Shareholder has elected to purchase.

• See the discussion below under the section entitled “—Effect of Section 367 of the Code.” The proposed Treasury regulations under Section 1291(f) of the Code should not apply to an Electing Shareholder with respect to its Common Stock for which a timely QEF election (or a QEF election along with a purging election) is made.

• The Electing Shareholder shall be estopped from transferring its Merlin Common Stock until all tag-along rights of their shares of Merlin Common Stock granted herein have expired or have been released and relieved by the Purchasers.

• On or before the date which is sixty (60) days after the Purchasers receive actual written notice from the Electing Shareholder of the terms of the proposed transaction (the "Notice"), the Purchasers may, at their sole option, send a notice (the "Election Notice") to the Electing Shareholder electing to sell all or some of their shares of Merlin Common Stock in accordance with the terms specified in the Notice.

• If requested by an Electing Shareholder, Brookfield will jointly execute and file elections in prescribed form within the prescribed time under section 85 of the Income Tax Act (Canada) and the corresponding provisions of applicable provincial income tax statutes in respect of the transfer hereunder of the Escrowed Shares with the elected amount specified by such Electing Shareholder.

More Definitions of Electing Shareholder

Electing Shareholder has the meaning ascribed thereto in Section 2.11(a);

Electing Shareholder has the meaning given to it in Section 2.1(a) of this Agreement

Electing Shareholder has the meaning set forth in Section 2.4(b).

Electing Shareholder means a registered Existing Shareholder who has validly exercised its Cash Consideration Election as described in Section 2.5;

Electing Shareholder means a Registered Shareholder who has properly elected the form or forms of consideration such Shareholder wishes to receive;

Electing Shareholder is defined in Section 6.3.2.

Electing Shareholder means any Shareholder or Backstop Party that holds in excess of 7.5% of the New Shares, on an as converted basis (assuming conversion of all New Convertible Notes).