Examples of Marathon Shares in a sentence
Any certificate formerly representing Marathon Shares that is not deposited, with all other documents as provided in this section 5 on or before the sixth anniversary of the Effective Date, shall cease to represent any claim or interest of any kind or nature (including, without limitation dividends or distributions set out in section 5(d) hereof) against Stillwater, AcquireCo, Marathon, Marathon Gold or the Depositary.
Once identified the details of potentially relevant literature will be uploaded to EndNote.
Bentley’s intentions if it acquires a relevant interest in more than 50% but less than 90% of Marathon Shares are set out below.
The taxation treatment of the gain will depend on the date of acquisition of the Marathon Shares, the Shareholder’s cost base and the nature and tax attributes of the Shareholder.
The consideration for the acquisition of Marathon Shares to which the Offer relates (including the Marathon Shares which could be issued upon the exercise of the Marathon Options) will be satisfied wholly in cash.
Marathon and CallCo hereby represent, warrant and covenant that the Marathon Shares issuable as described herein will be duly authorized and validly issued as fully paid and non-assessable and shall be free and clear of any lien, claim or encumbrance.
All outstanding Marathon Shares have been authorized and are issued and outstanding as fully paid and non-assessable shares, free of pre-emptive rights.
For Shareholders who are tax resident in Australia, a capital gain should arise on disposal of their Marathon Shares to the extent that the capital proceeds from the disposal (being the consideration received under the Offer) exceed the cost base of the shares.
Marathon, CallCo and the Trustee shall be entitled to deduct and withhold from any consideration otherwise payable under this Agreement to any holder of Exchangeable Shares or Marathon Shares such amounts as Marathon, CallCo or the Trustee is required to deduct and withhold with respect to such payment under the Tax Act or any provision of provincial, local or foreign tax law, in each case as amended or succeeded.
The Depositary will forward to each Marathon Shareholder, at the address of such Marathon Shareholder as it appears on the register for Marathon Shares, a Letter of Transmittal and instructions for obtaining delivery of the certificates representing the Marathon Gold Shares and the Stillwater Shares allotted and issued to such Marathon Shareholder pursuant to the Arrangement.