INSINC definition
Examples of INSINC in a sentence
INSINC shareholders who elect Option 1 elect to participate in the Arrangement as Participating INSINC Shareholders and to participate in the capital dividend in accordance with the Arrangement.
A holder is not entitled to exercise Dissent Rights with respect to such INSINC Shares if such shareholder votes (or instructs, or is deemed, by submission of any incomplete proxy, to have instructed his, her or its proxyholder to vote) in favour of the Arrangement Resolution.
To the extent that amounts are so withheld, such withheld amounts shall be timely remitted by the party undertaking the withholding and shall be treated for all purposes hereof as having been paid to the INSINC Shareholder, in respect of which such deduction and withholding was made.
The two options are as follows: The Arrangement provides that INSINC will pay a capital dividend to those INSINC shareholders who elect to be Participating INSINC Shareholders and, accordingly, the Participating INSINC Shareholders will effectively receive part of the cash consideration to be paid to them for their INSINC shares as a capital dividend.
INSINC shareholders who elect Option 2 will not receive the capital dividend in accordance with the Arrangement and will receive all of the cash consideration to be paid to them for their INSINC shares as proceeds of disposition.
In accordance with the proposed Plan of Arrangement (the “Arrangement”), each INSINC shareholder has a choice in connection with the Arrangement.
INSINC, NeuLion, the Depositary and any successor shall be entitled to deduct and withhold from any Consideration otherwise payable to any INSINC Shareholders under this Plan of Arrangement (including any payment to Dissenting Shareholders), such amounts as INSINC, NeuLion, the Depositary and any successor is required to deduct and withhold with respect to such payment under the Tax Act and the rules and regulations promulgated thereunder, or any provision of Applicable Law.
For greater certainty, in no case shall INSINC, NeuLion, the Depositary or any other person be required to recognize Dissenting Shareholders as holders of INSINC Shares after the time referred to in Section 2.3(d)(i), and the names of such Dissenting Shareholders shall be deleted from the register of INSINC Shareholders at the time referred to in Section 2.3(d)(i).
In no circumstances shall INSINC, NeuLion, the Depositary or any other person be required to recognize a person exercising Dissent Rights unless such person is a registered holder of those INSINC Shares in respect of which such rights are sought to be exercised.
The Company or INSINC Technologies holds the entire right, title and interest in and to all of the Owned Intellectual Property.