Exchangeable Shares definition

Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

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Exchangeable Shares has the meaning provided in the recitals hereto.

Exchangeable Shares means the exchangeable shares in the capital of ExchangeCo having substantially the rights, privileges, restrictions and condition set out in Appendix 1 of the Plan of Arrangement.

Examples of Exchangeable Shares in a sentence

• The Trustee will exercise each vote attached to the Special Voting Share only as directed by the relevant Beneficiary and, in the absence of any instructions, will not exercise voting rights with respect to the applicable Exchangeable Shares.

• Subject to the overriding call rights described under ‘Call Rights’ below, each holder of Exchangeable Shares (each a “Holder”) will be entitled to redeem such Holder’s Exchangeable Shares, in whole or in part, at any time and from time to time (including at a time immediately prior to an insolvency event of New ParentCo, liquidation event of New ParentCo, or certain fundamental transactions involving New ParentCo), for the Exchange Price, to be satisfied by the delivery of New ParentCo Shares.

• Unless the U.S. Registration Statement is effective, during the 40-day distribution compliance following the date of such delivery, any New ParentCo Shares issued or delivered to a non-U.S. Holder upon exchange of Exchangeable Shares may not be resold over the Nasdaq or otherwise into the United States, and procedures will be established to ensure a non-U.S. Holder complies with this limitation on resale.

• The Holders of Exchangeable Shares will, subject to applicable law and the overriding call rights described under “Call Rights” below, be deemed to have exercised their retraction right immediately prior to the effective date of such liquidation event.

• Tax Matters ExchangeCo shall make an election under section 191.2 of the Tax Act in respect of the Exchangeable Shares.

More Definitions of Exchangeable Shares

Exchangeable Shares means the Exchangeable Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein.

Exchangeable Shares has the meaning ascribed thereto in the recitals hereto.

Exchangeable Shares means the non-voting exchangeable shares in the capital of Exchangeco.

Exchangeable Shares means the non-voting exchangeable shares in the capital of the Corporation.

Exchangeable Shares means those shares of Capital Stock issued by Bowater Canada, Inc. and listed on the Toronto Stock Exchange (under stock symbol BWX) which are exchangeable at any time at the option of the holder of such shares into common stock of the Parent and which entitle the holders thereof to similar voting rights and dividend payments (on a per share basis) as those granted to holders of the common stock of the Parent.

Exchangeable Shares means the aggregate number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time, rounded to the nearest whole share.

Exchangeable Shares means the non-voting, exchangeable shares in the capital of Canco, having the rights, privileges, restrictions and conditions set forth herein.