InfoSpace Canada definition
Examples of InfoSpace Canada in a sentence
At or promptly after the Effective Time, InfoSpace Canada shall deposit with the Depositary, for the benefit of the holders of INEX Common Shares who shall receive Exchangeable Shares in connection with the Arrangement, certificates representing the Exchangeable Shares issued pursuant to section 2.2 upon the exchange of INEX Common Shares.
If InfoSpace Nova Scotia does not exercise the Redemption Call Right in the manner described above, on the Redemption Date the holders of the Exchangeable Shares shall be entitled to receive in exchange therefor the redemption price otherwise payable by InfoSpace Canada in connection with the redemption of the Exchangeable Shares pursuant to Article 7 of the Exchangeable Share Provisions.
Any certificate which immediately prior to the Effective Time represented outstanding INEX Shares that were exchanged pursuant to section 2.2 and not deposited, with all other instruments required by section 4.1 or 4.2, on or prior to the third anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of InfoSpace Canada or InfoSpace.
In the event of the exercise of the Liquidation Call Right by InfoSpace Nova Scotia, each holder shall be obligated to sell all the Exchangeable Shares held by the holder to InfoSpace Nova Scotia on the Liquidation Date on payment by InfoSpace Nova Scotia to the holder of the Liquidation Call Purchase Price for each such share, and InfoSpace Canada shall have no obligation to redeem such shares so purchased by InfoSpace Nova Scotia.
In the event of the exercise of the Redemption Call Right by InfoSpace Nova Scotia, each holder shall be obligated to sell all the Exchangeable Shares held by the holder to InfoSpace Nova Scotia on the Redemption Date on payment by InfoSpace Nova Scotia to the holder of the Redemption Call Purchase Price for each such share, and InfoSpace Canada shall have no obligation to redeem such shares so purchased by InfoSpace Nova Scotia.
No certificates or scrip representing fractional Exchangeable Shares or fractional InfoSpace Common Shares shall be issued upon the surrender for exchange of certificates pursuant to section 4.1 or 4.2 and no dividend, stock split or other change in the capital structure of InfoSpace Canada shall relate to any such fractional security and such fractional interests shall not entitle the owner thereof to exercise any rights as a security holder of InfoSpace Canada.
If InfoSpace Nova Scotia does not exercise the Liquidation Call Right in the manner described above, on the Liquidation Date the holders of the Exchangeable Shares shall be entitled to receive in exchange therefor the liquidation price otherwise payable by InfoSpace Canada in connection with the liquidation, dissolution or winding-up of InfoSpace Canada pursuant to Article 5 of the Exchangeable Share Provisions.
On such date, the Exchangeable Shares or InfoSpace Common Shares (or cash in lieu of fractional interests therein, as provided in section 4.4) to which the former registered holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered to InfoSpace Canada or InfoSpace, as the case may be, together with all entitlements to dividends, distributions and interest thereon held for such former registered holder.
This Plan of Arrangement shall become effective at, and be binding at and after, the Effective Time on (i) INEX, (ii) InfoSpace Nova Scotia and InfoSpace Canada, (iii) all holders of INEX Common Shares, (iv) all holders of INEX Preference Shares, (v) all holders of Exchangeable Shares, and (vi) all holders of INEX Options.