IBC Act definition
Examples of IBC Act in a sentence
The Jovus Merger shall become effective on the "Effective Date", such date being the later upon which (i) appropriate Articles of Merger, attached hereto as Appendix B, are filed with the Secretary of State of Colorado and (ii) appropriate Articles of Merger are filed with the Registrar and the Registrar has issued a Certificate of Merger certifying the compliance of the Jovus Merger with the relevant provisions of the IBC Act.
The Exchange shall become effective at such time as is permissible in accordance with Nevada Statutes and IBC Act (the time the Exchange becomes effective being the “Effective Time”).
As soon as practicable following the satisfaction or waiver of the conditions set forth in Article V, the parties shall make all filings or recordings required under Nevada Statutes and IBC Act.
Under the IBC Act, Jovus must file appropriate Articles of Merger with the Registrar, including inter alia this Agreement, and further must obtain from the Registrar a Certificate of Merger evidencing compliance with all relevant provisions of the IBC Act.
Notwithstanding the foregoing, if any holder of Dissenting Shares fails at any time prior to or following the Effective Time to perfect or otherwise waives, withdraws or loses such holder's rights under Section 179 of the IBC Act, then the rights of such holder to be paid "fair value" pursuant to Section 179 of the BC Act shall cease to exist, and such Dissenting Shares shall entitle their holder to receive the Merger Consideration pursuant to Section 2.1(a) hereof.