Metaversive Shareholder definition
Examples of Metaversive Shareholder in a sentence
Instead, on the Effective Date, each Dissenting Shareholder will cease to have any rights as a Metaversive Shareholder other than the right to be paid the fair value in respect of the Dissenting Metaversive Shares in accordance with the provisions of Section 272 of the BCBCA.
Each such Metaversive Shareholder will receive a pro rata share of the cash proceeds from the sale of such BPS Shares sold by the Escrow Agent.
However, if a Dissenting Shareholder withdraws or is deemed to have withdrawn the exercise of its Dissent Rights or otherwise failed to comply with the requirements of the BCBCA or if such Dissenting Shareholder’s rights as a Metaversive Shareholder are otherwise reinstated, each Dissenting Metaversive Share held by that Dissenting Shareholder will thereupon be deemed to have been exchanged for one (1) BPS Share at the Effective Time in accordance with Section 15(c).
To the extent that amounts are so withheld, such withheld amounts will be treated for all purposes hereof DocuSign Envelope ID: 88DE1037-A4D4-482C-8C37-CB14D0B09E70 as having been paid to the Metaversive Shareholder in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted to the appropriate taxing authority.
BPS, Amalco and the Depository will be entitled to deduct and withhold from any consideration otherwise payable to any Metaversive Shareholder such amounts as BPS, Amalco or the Depository determines are required or permitted to be deducted and withheld with respect to such payment under the ITA, or any provision of any other applicable tax law.