LoJack Call Right definition
Examples of LoJack Call Right in a sentence
The Transfer Agent will notify the holders of the Exchangeable Shares that the LoJack Call Right has been exercised by LoJack and will include in the notification a summary of the principal Canadian income tax consequences to such holders.
If LoJack exercises the LoJack Call Right, on the Exchange Date LoJack will purchase and the holders will sell all of the Exchangeable Shares then outstanding for a price per share equal to the LoJack Call Purchase Price.
In the event of the exercise of the LoJack Call Right by LoJack, each holder (other than LoJack or affiliates of LoJack) shall be obligated to sell all the Exchangeable Shares held by the holder to LoJack on the Exchange Date on payment by LoJack to the holder of the LoJack Call Purchase Price for each such share.