Examples of MTI SHARES in a sentence
Recognizing that the MTI Shares shall be renamed and redesignated as MTI Class A Shares pursuant to Section 3.1(d)(i) and that the MTI Class A Shares shall be exchanged partially for Acquisition Swap Shares pursuant to Section 3.1(e), Amalco shall not issue replacement share certificates representing the MTI Class A Shares.
No dividend or other distribution declared or made after the Effective Time with respect to Target Shares or Acquisition Swap Shares with a record date after the Effective Time shall be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding MTI Shares unless and until the holder of such certificate shall have complied with the provisions of Section 6.1 or Section 6.3 hereof.
Any holder of MTI Shares may exercise rights of dissent with respect to such MTI Shares pursuant to and in the manner set forth in Section 190 of the Act in connection with the Arrangement, as the same may be modified by the Interim Order or the Final Order as if that section (as modified) was applicable to such MTI Shareholders.
Acquisition Company or Target Company, as applicable, and the Depositary shall be entitled to deduct and withhold from any consideration, dividend or other distribution otherwise payable to any holder of MTI Shares, Acquisition Swap Shares or Target Shares such amounts as the Company or the Depositary determines, acting reasonably, are required or permitted to be deducted and withheld with respect to such payment under Canadian or United States tax laws or any other applicable law.
The fair value of the MTI Shares shall be determined as at the close of business on the Business Day immediately preceding the date on which the Arrangement Resolution is approved by MTI Shareholders, but in no event shall the Company or Target Company be required to recognize such Dissenting Shareholders as shareholders of the Company after the Effective Date, and the names of such Dissenting Shareholders shall be removed from the register of shareholders at the time and in the manner set forth herein.
As soon as practicable after the Effective Date, Target Company shall deliver or shall cause to be delivered to the Depositary certificates representing the Target Shares required to be issued to registered holders of MTI Shares as at the Effective Time in accordance with the provisions of Section 3.1(i) hereof, which certificates shall be held by the Depositary as agent and nominee for such holders for distribution thereto in accordance with the provisions of Section 6.1 hereof.