ENF Shares definition
Examples of ENF Shares in a sentence
Other than the ENF Shares and Enbridge’s right to vote its one Special Voting Share in respect of certain matters, there are no securities of ENF outstanding which have the right to vote generally with ENF Shareholders on any matter.
No delisting, suspension of trading in or cease trading order with respect to the ENF Shares is pending or, to the knowledge of ENF, threatened.
All of the ENF Shares issuable pursuant to the Exchangeable Securities, ENF SRPs and the DRIP described in Subsection 4.2(n) have been duly authorized and, upon issuance in accordance with their respective terms, will be validly issued as fully paid and non-assessable and are not and will not be subject to or issued in violation of, any pre-emptive rights.
In the event any certificate which immediately prior to the Effective Time represented one or more outstanding ENF Shares that were exchanged pursuant to Section 2.2 shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the Person claiming such certificate to have been lost, stolen or destroyed, the Depositary will issue and deliver in exchange for such lost, stolen or destroyed certificate the consideration deliverable in accordance with Section 2.
In addition, a Dissenting Shareholder may only exercise Dissent Rights in respect of all, and not less than all, of its ENF Shares or on behalf of any one beneficial owner and registered in the name of the Dissenting Shareholder.
In calculating such fractional interests, all former ENF Shares registered in the name of such former ENF Shareholder shall be aggregated without regard to any underlying beneficial ownership of such former ENF Shares.