Exchange Put Right definition

Exchange Put Right has the meaning provided in the Exchangeable Share Provisions.

Exchange Put Right has the meaning provided in the Exchangeable Share Provisions;

Exchange Put Right has the meaning provided in Section 8.1.

Examples of Exchange Put Right in a sentence

• In so refusing, the Trustee may elect not to exercise any Voting Rights, Exchange Put Right, Exchange Right or Automatic Exchange Rights subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or its failure or refusal to comply with any such conflicting claims or demands.

• The Exchange Put Right and the Exchange Right shall be and remain vested in and exercised by the Trustee.

• To the extent that no instructions are received from a Holder with respect to the Exchange Put Right and the Exchange Right, the Trustee shall not exercise or permit the exercise of the Exchange Put Right and the Exchange Right.

• The Trustee will hold the Voting Share in order to enable the Trustee to exercise the Voting Rights and will hold the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights in order to enable the Trustee to exercise such rights, in each case as trustee for and on behalf of the Holders as provided in this agreement.

• Subject to Section 7.14 hereof, the Trustee shall exercise the Exchange Put Right and the Exchange Right only on the basis of instructions received pursuant to this Article 5 from Holders entitled to instruct the Trustee as to the exercise thereof.

More Definitions of Exchange Put Right

Exchange Put Right has the meaning ascribed thereto in Section 5.14 hereof.

Exchange Put Right has the meaning provided in Section 8.1(a) of the Exchangeable Share Provisions.

Exchange Put Right has the meaning provided in Article 8.

Exchange Put Right has the meaning provided in the Exchangeable Share Provisions. "Exchange Right" has the meaning provided in Article 5 hereof. "Exchangeable Share Consideration" has the meaning provided in the Exchangeable Share Provisions. "Exchangeable Share Price" has the meaning provided in the Exchangeable Share Provisions. "Exchangeable Share Provisions" has the meaning provided in the recitals hereto. "Exchangeable Shares" has the meaning provided in the recitals hereto. "Holder Votes" has the meaning provided in Section 4.2 hereof. "Holders" means the registered holders from time to time of Exchangeable Shares, other than Devon and its Subsidiaries. "Insolvency Event" means the institution by Northstar of any proceeding to be adjudicated a bankrupt or insolvent or to be dissolved or wound-up, or the consent of Northstar to the institution of bankruptcy, insolvency, dissolution or winding-up proceedings against it, or the filing of a petition, answer or consent seeking dissolution or winding-up under any bankruptcy, insolvency or analogous laws, including without limitation the Companies Creditors Arrangement Act (Canada) and the Bankruptcy and Insolvency Act 2 3 (Canada), and the failure by Northstar to contest in good faith any such proceedings commenced in respect of Northstar within 15 days of becoming aware thereof, or the consent by Northstar to the filing of any such petition or to the appointment of a receiver, or the making by Northstar of a general assignment for the benefit of creditors, or the admission in writing by Northstar of its inability to pay its debts generally as they become due, or Northstar's not being permitted, pursuant to liquidity or solvency requirements of applicable law, to redeem any Retracted Shares pursuant to Section 6.6 of the Exchangeable Share Provisions. "Liquidation Call Right" has the meaning provided in the Exchangeable Share Provisions. "Liquidation Event" has the meaning provided in subsection 5.12(b) hereof. "Liquidation Event Effective Time" has the meaning provided in subsection 5.12(c) hereof. "List" has the meaning provided in Section 4.6 hereof. "Officer's Certificate" means, with respect to Devon or Northstar, as the case may be, a certificate signed by any one of the Chairman of the Board, the Vice-Chairman of the Board (if there be one), the President or any Vice-President of Devon or Northstar, as the case may be. "Person" includes an individual, body corporate, partnership, company, unincorporated syndicate or o...

Exchange Put Right means the right of a holder of Exchangeable Shares, pursuant to the Exchangeable Share Provisions, to require @Road to purchase all or any part of the Exchangeable Shares of the holder upon the occurrence of a failure of either Exchangeco or Callco to complete any redemption, retraction, distribution or liquidation in respect of, or purchase Exchangeable Shares required to be completed by it as contemplated by the Exchangeable Share Provisions, by the Notice of Articles or Articles of Exchangeco or in the Voting and Exchange Trust Agreement (unless Callco or any other person controlled by @Road shall have otherwise purchased such Exchangeable Shares in accordance with the provisions of the Notice of Articles or Articles of Exchangeco or the Voting and Exchange Trust Agreement within the delays afforded to it pursuant thereto);

Exchange Put Right has the meaning set out in Section 8.1 of these share provisions.

Exchange Put Right has the meaning ascribed thereto in Section 9.1;