Exempt Acquisition definition
Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities (i) in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(b), (c) or (d);
Exempt Acquisition has the meaning set forth in the definition of "Acquiring Person" herein.
Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of §3.1 pursuant to the provisions of 5.1 (a) or (b);
Examples of Exempt Acquisition in a sentence
For purpose of this Paragraph (h), the terms "Acquiring Person", "Flip-in Event", "Separation Time" and "Exempt Acquisition" shall have the meanings ascribed to such terms in the Shareholder Rights Plan.
When there shall be no Tax Exempt Series 1997-1 Notes Outstanding, the Series 1997-1 Tax Exempt Acquisition Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund.
None of the execution or the delivery of this Agreement or the taking of any action contemplated by this Agreement including the entering into by Jinchuan of the support agreements relating to the Arrangement results, or will result, in Jinchuan becoming an Acquiring Person (as defined in the Rights Plan) and the transactions contemplated herein constitute an Exempt Acquisition as defined in the Rights Plan.
If Company Stock acquired with the proceeds of an Exempt Acquisition Loan available for distribution consists of more than one class, substantially the same proportion of each class shall be distributed.
The transactions which are the subject of this Arrangement Agreement constitute an "Exempt Acquisition" pursuant to the Virginia Rights Plan and, accordingly, there is no action required to be taken to render the rights issuable pursuant to the Virginia Rights Plan inapplicable to the transactions which are the subject of this Arrangement Agreement.
More Definitions of Exempt Acquisition
Exempt Acquisition means the acquisition of Voting Shares or Convertible Securities: (i) in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of subsections 5.1(b), 5.1(c) or 5.1(d) hereof; (ii) pursuant to a regular dividend reinvestment or other similar share purchase plan of the Company made available by it to all holders of Voting Shares of a class or series or Voting Shares where such plan permits the holder to direct that dividends paid in respect of such Voting Shares be applied to the purchase from the Company of’ further securities of the Company; or (iii) pursuant to a distribution by the Company of Voting Shares or Convertible Securities pursuant to a prospectus, provided that such distribution has received the approval of the Board of Directors and all applicable securities regulatory authorities and the Person acquiring such Voting Shares or Convertible Securities does not thereby acquire a greater percentage of Voting Shares or Convertible Securities than that person’s percentage of Voting Shares Beneficially Owned immediately prior to such acquisition; (iv) pursuant to a distribution by the Company of Voting Shares or Convertible Securities by way of a private placement or a securities exchange take-over bid or upon the exercise by an individual employee of the Company of options to purchase Voting Shares granted under a stock option plan of the Company or rights to purchase or acquire securities granted under a share purchase or incentive plan of the Company, provided that (a) all necessary stock exchange approvals for such private placement, securities exchange take-over bid, stock option plan or share purchase or incentive plan have been obtained and such private placement, securities exchange take-over bid, stock option plan or share purchase or incentive plan complies with the terms and conditions of such approvals and (b) such Person does not become the Beneficial Owner of more than 25% of the Voting Shares outstanding immediately prior to the distribution, and in making this determination, the Voting Shares to be issued to such Person in the distribution shall be deemed to be held by such Person but shall not be included in the aggregate number of outstanding Voting Shares immediately prior to the distribution; or (v) pursuant to a plan of arrangement, amalgamation or other statutory procedure which has been approved by the Board and the holders of Common Shares at a meeting duly called by the B...
Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities (i) in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(b), (c) or (d); (ii) pursuant to a distribution of Voting Shares and/or Convertible Securities made by the Company: (A) to the public pursuant to a prospectus, provided that such Person does not thereby become the Beneficial Owner of a greater percentage of Voting Shares so offered than the percentage of Voting Shares Beneficially Owned by such Person immediately prior to such distribution; or (B) pursuant to a private placement provided that: (x) all necessary stock exchange approvals for such private placement have been obtained and such private placement complies with the terms and conditions of such approvals; and (y) such Person does not thereby become the Beneficial Owner of Voting Shares equal in number to more than 25% of the Voting Shares outstanding immediately prior to the private placement and, in making this determination, the securities to be issued to such Person on the private placement shall be deemed to be held by such Person but shall not be included in the aggregate number of Voting Shares outstanding immediately prior to the private placement; or (iii) pursuant to an amalgamation, merger, arrangement or other statutory procedure requiring shareholder approval;
Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities:
Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);
Exempt Acquisition means an acquisition of Voting Shares:
(i) in respect of which the Board of Directors has waived the application of section 4.1 pursuant to section 6.1;
(ii) pursuant to a distribution by the Corporation of Voting Shares or Convertible Securities (and the conversion or exchange of such securities) pursuant to a prospectus or similar document (provided that the purchaser does not thereby Beneficially Own a greater percentage of the Voting Shares or Convertible Securities so offered than the percentage of Voting Shares or Convertible Securities beneficially owned by the purchaser immediately prior to that distribution) or by way of private placement provided that, in the case of a private placement, all necessary stock exchange approvals for the private placement have been obtained and the private placement complies with the terms and conditions of those approvals and the purchaser does not become the Beneficial Owner of more than 25% of the Voting Shares outstanding immediately prior to the private placement (and in making this determination, the securities to be issued to that purchaser pursuant to the private placement will be deemed to be held by that purchaser but will not be included in the aggregate number of outstanding Voting Shares immediately prior to the private placement); and
(iii) pursuant to an amalgamation, merger or other statutory procedure requiring shareholder approval;
Exempt Acquisition means an acquisition of Voting Shares or Convertible Securities:
(i) in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Section 5.2 or which was made on or prior to the Record Time; or
(ii) pursuant to a distribution of Voting Shares or Convertible Securities (and the exercise, conversion or exchange of such Convertible Securities) made by the Corporation pursuant to a prospectus or private placement or other distribution made by the Corporation exempt from the prospectus requirements of applicable law;
Exempt Acquisition shall have the meaning ascribed thereto in subclause 1.1(a)(ii)(C);