Extendicare Subordinate Voting Shares definition

Extendicare Subordinate Voting Shares means the subordinate voting shares in the capital of Extendicare;
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Examples of Extendicare Subordinate Voting Shares in a sentence

  • Table of ContentsConditions Precedent to the Arrangement On the Effective Date, a series of transactions will be deemed to occur in order to distribute ALC Class A Shares and ALC Class B Shares to the holders of Extendicare Subordinate Voting Shares and Extendicare Multiple Voting Shares, respectively, and, after giving effect to the ALC Distribution, to convert Extendicare and its business from a corporate structure to a Canadian real estate investment trust.

  • Copies of the Letter of Transmittal and Election Form (printed on blue paper for Extendicare Multiple Voting Shares and printed on green paper for Extendicare Subordinate Voting Shares) are enclosed with this Circular.

  • Pursuant to the terms of the Arrangement, holders of Extendicare Subordinate Voting Shares ultimately received for each share (a) one ALC Class A Share, and (b) one REIT Unit or, one Exchangeable LP Unit; and holders of Extendicare Multiple Voting Shares ultimately received for each share (a) one ALC Class B Share, and (b) 1.075 REIT Units or, 1.075 Exchangeable LP Units.

  • Small Wisconsin, United States President and Chief Executive Officer of the REIT and Extendicare Amalco; Director of Extendicare Amalco Extendicare Subordinate Voting Shares – 32,500 Options – 102,500 135,000R.

  • Background to and Reasons for the Arrangement On February 22, 2006, the Board of Directors announced that Extendicare would be undertaking a review of strategic alternatives with a view to enhancing value for Shareholders in light of the belief of the Board and Management that the market prices of Extendicare Multiple Voting Shares and Extendicare Subordinate Voting Shares were not reflective of Extendicare’s underlying operational performance and financial results.

  • Fountain Ontario, Canada Secretary of the REIT and Extendicare Amalco Extendicare Subordinate Voting Shares – 2,828 Options – 26,250 29,078 Note: (1) Assumes that each of the executive officers exercises his or her Options for Extendicare Subordinate Voting Shares and ultimately receives REIT Units as partial consideration for his or her Extendicare Subordinate Voting Shares.

  • Purpose of the Arrangement The purpose of the transactions contemplated by the Arrangement is to distribute ALC Class A Shares and ALC Class B Shares to the holders of Extendicare Subordinate Voting Shares and Extendicare Multiple Voting Shares, respectively, and, after giving effect to the ALC Distribution, to convert Extendicare from a corporate structure into a Canadian real estate investment trust.

  • Electing Shareholders will need to ensure that any tax election form submitted to Extendicare Holding Partnership properly describes the property being transferred to Extendicare Holding Partnership as the appropriate number of Extendicare Common Shares (not Extendicare Subordinate Voting Shares), otherwise the form will not be signed by Holding GP and the tax election will not be valid.

  • Koroneos Ontario, Canada Vice-President, Business Development and Privacy Officer of Extendicare Amalco Extendicare Subordinate Voting Shares – 12,132 Options – 4,750 16,882J.

  • Note: (1) Assumes that each of the Trustees exercises his Options for Extendicare Subordinate Voting Shares and ultimately receives REIT Units as partial consideration for his Extendicare Subordinate Voting Shares and Extendicare Multiple Voting Shares.

Related to Extendicare Subordinate Voting Shares

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • Voting Debt means bonds, debentures, notes or other indebtedness having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of equity interests in the Company or any Company Subsidiary may vote.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Subordinate Principal Distribution Amount With respect to any Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i) the product of (x) the related Subordinate Class Percentage for such Class and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (1), (2) and (3) of Section 4.02(a)(ii)(Y)(A) of this Series Supplement (without giving effect to the Senior Percentage) to the extent not payable to the Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) of this Series Supplement (without giving effect to the Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Discount Mortgage Loan) to the extent not payable to the Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) the sum of (i) with respect to the Class of Subordinate Certificates with the Lowest Priority, any Excess Subordinate Principal Amount for such Distribution Date; and (ii) the Capitalization Reimbursement Amount for such Distribution Date, other than the related Discount Fraction of any portion of that amount related to each Discount Mortgage Loan, multiplied by a fraction, the numerator of which is the Subordinate Principal Distribution Amount for such Class of Subordinate Certificates, without giving effect to this clause (b)(ii), and the denominator of which is the sum of the principal distribution amounts for all Classes of Certificates other than the Class A-P Certificates, without giving effect to any reductions for the Capitalization Reimbursement Amount.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Special Voting Share means the one share of Series B Special Voting Preferred Stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Non-Affiliated Holders.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the Company or the relevant Fund.

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Voting Classes means Classes 4 and 5.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Subordinated Principal Distribution Amount As to any Distribution Date and Loan Group, the sum of the following with respect to each Loan Group: (i) the Subordinated Percentage of the applicable Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to such Loan Group and such Distribution Date, (ii) with respect to any Mortgage Loan in the related Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect thereto remaining after application thereof pursuant to clause (ii) of the definition of Senior Principal Distribution Amount for that Loan Group, up to the Subordinated Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan, and (iii) the Subordinated Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to that Loan Group for such Distribution Date, reduced by the amount of any payments in respect of Class PO Deferred Amounts for such Distribution Date; provided, however, that on any Distribution Date after a Senior Termination Date, the Subordinated Principal Distribution Amount will not be calculated by Loan Group but will equal the amount calculated pursuant to the formula set forth above based on the applicable Subordinated Percentage and Subordinated Prepayment Percentage for the Subordinated Certificates for such Distribution Date with respect to all of the Mortgage Loans as opposed to the Mortgage Loans only in the related Loan Group.

  • Foreign Subsidiary Voting Stock the voting Capital Stock of any Foreign Subsidiary.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan: