Examples of Legion Shares in a sentence
No dividends or other distributions declared or made after the Effective Date with respect to Legion Shares with a record date after the Effective Date shall be paid to the holder of any unsurrendered certificate which immediately prior to the Effective Date represented outstanding Nextleaf Shares that were exchanged pursuant to Article 4.7, unless and until the holder of record of such certificate shall surrender such certificate in accordance with Article 4.7.
The Circular shall provide that the Nextleaf Shareholders and Legion Shareholders may exercise Dissent Rights with respect to their Nextleaf Shares or Legion Shares, as the case may be, in connection with the Arrangement pursuant to and in the manner set forth in the Plan of Arrangement.
Each Nextleaf Shareholder shall be entitled to receive the Legion Shares issuable pursuant to this Plan of Arrangement in the manner set out in Subsection 3.2(s) above on the Effective Date and the shareholders of Nextleaf (except for any shareholders which have exercised their Rights of Dissent as defined in Section 5.1 below) shall be deemed to have transferred their certificated or uncertificated shares, as the case may be, to Legion without any executed writing, instrument or other formality.
The Legion Shares to be issued in exchange for Nextleaf Shares pursuant to the Arrangement or as otherwise contemplated by this Agreement, have not been and will not be registered under the U.S. Securities Act or under the securities laws of any state of the United States.