NCIB Buyback definition
NCIB Buyback means any normal course issuer bid through the facilities of the Toronto Stock Exchange and the New York Stock Exchange by the Parent whereby the Parent has the ability to repurchase (each such repurchase by the Parent in connection with any NCIB Buybank, a “Repurchase”) for cancellation of up to approximately 5% of the Parent’s aggregate issued and outstanding shares of common Equity Interests at such time until the first anniversary of the issuer bid (such date, the “Bid End Date”).
NCIB Buyback means the normal course issuer bid made on February 8, 2017, as may be amended from time to time, through the facilities of the Toronto Stock Exchange and the New York Stock Exchange by the Parent whereby the Parent has the ability to repurchase (each such repurchase by the Parent in connection with any NCIB Buyback, a “Repurchase”) for cancellation (provided, that any such Equity Interests that are Repurchased and authorized to be held by the Parent to settle stock-based compensation shall not be required to be cancelled) of up to approximately 5% of the Parent’s aggregate shares of common Equity Interests that are issued and outstanding on January 27, 2017, until February 12, 2018 (such date, the “Bid End Date”).