FT Subscription Receipts definition

FT Subscription Receipts has the meaning ascribed thereto on the face page hereof;
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FT Subscription Receipts means the flow-through subscription receipts created and issued pursuant to Section 2.1(a) hereof and authorized for issue hereunder and represented by FT Subscription Receipt Certificates issued and certified in accordance with the provisions hereof and that have not at the particular time expired, been purchased by the Corporation or converted;
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FT Subscription Receipts means flow-through subscription receipts of Triumph, each of which will entitle the holder thereof to receive, upon satisfaction of the Release Conditions and without additional consideration or action on the part of the holder thereof, one post-Consolidation Triumph FT Common Share;
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Examples of FT Subscription Receipts in a sentence

  • A holder of FT Subscription Receipts shall not be entitled to receive a cash payment or any other compensation in respect of any such fraction of a FT Share.

  • The Corporation may from time to time purchase FT Subscription Receipts in the open market, by private agreement or otherwise, any such purchase may be made in such manner, from such Persons, at such prices and on such terms as the Corporation in its sole discretion may determine.

  • This FT Subscription Receipt Certificate represents FT Subscription Receipts of the Corporation issued under the provisions of a subscription receipt agreement (which agreement, together with all instruments supplemental or ancillary thereto, is herein referred to as the “FT Subscription Receipt Agreement”) dated as of September 26, 2012 among the Corporation, Portfolio Strategies Securities Inc.

  • Reference is hereby made for particulars of the rights of the holders of the FT Subscription Receipts, the Corporation, Altitude and the FT Subscription Receipt Agent in respect thereof and of the terms and conditions upon which the FT Subscription Receipts are issued and held, all to the same effect as if the provisions of the FT Subscription Receipt Agreement were herein set forth in full, and to all of which the holder, by acceptance hereof, assents.

  • The Corporation acknowledges and agrees that it is a condition of the payment by the holders of FT Subscription Receipts of the issue price therefor that the Escrowed Funds are held by the FT Subscription Receipt Agent in accordance with the provisions of this Article 6.

  • The FT Subscription Receipts will not be sold in the United States or to U.S. Persons.

  • The Corporation will cause the FT Shares to be issued pursuant to the conversion of the FT Subscription Receipts and the terms hereof and thereof and all FT Shares that are issued on the conversion of the FT Subscription Receipts will be fully paid and non-assessable securities.

  • The holder of any FT Subscription Receipt converted pursuant to Section 4.1(a) hereof shall have no rights thereunder except to be issued FT Shares upon the conversion of the FT Subscription Receipts.

  • Subject to the provisions of Section 8.12 hereof, at any meeting of FT Subscription Receiptholders, a quorum will consist of FT Subscription Receiptholders present in person or by proxy at the commencement of the meeting holding in the aggregate not less than 25% of the total number of FT Subscription Receipts then outstanding.

  • For greater certainty, the FT Subscription Receipts may not be converted by the holder and may only be converted pursuant to the foregoing automatic conversion.