Osum definition
Examples of Osum in a sentence
This Agreement may, prior to the issuance of the Certificate of Amalgamation, be terminated by any Party, notwithstanding the approval of this Agreement by the Osum Shareholders and the shareholders of WOAC.
WOAC and Osum have agreed to amalgamate pursuant to the ABCA (as defined below) and upon the terms and conditions set forth herein and continue as one corporation.
Upon the Osum Shareholders approving the Amalgamation and confirming, ratifying and approving this Agreement in accordance with the ABCA, and subject to the other provisions of this Agreement, the Amalgamating Corporations shall jointly file, or cause to be filed, with the Registrar the Articles of Amalgamation and such other documents as may be required pursuant to the ABCA in order to affect the Amalgamation.
Osum Shares that are held by a Dissenting Shareholder shall not be converted into Amalco Redeemable Preferred Shares, and on the Effective Date, a Dissenting Shareholder shall, subject to the ABCA and provided that the Amalgamation is approved and effected in accordance with the ABCA, cease to have any rights as an Osum Shareholder other than the right to be paid the fair value of the Osum Shares by Amalco as determined in accordance with the ABCA.
The execution and delivery of this Agreement by Osum has been duly authorized by the board of directors of Osum and no other corporate proceedings on the part of Osum are necessary to authorize this Agreement or the Amalgamation other than in connection with the approval of the Amalgamation Resolution by the Osum Shareholders at the Meeting.
Certificates representing Osum Shares shall be deemed to represent Amalco Redeemable Preferred Shares received on Amalgamation.
Without limiting the generality of the foregoing, Osum shall call and hold the Meeting for the purposes of Osum Shareholders considering and, if deemed appropriate, approving the Amalgamation and confirming, ratifying and approving this Agreement.
Borrowings under the Syndicated Facility and the Operating Facility may also be used by the Borrower to make the payments pursuant to dissenting shareholder proceedings (a) with certain former shareholders of Osum Oil Sands Corp.
To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes as having been paid to the Osum Shareholder in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted in accordance with applicable law to the appropriate taxing authority.
In the event any certificate which immediately prior to the Effective Date represented Osum Shares shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the Person claiming such certificate to be lost, stolen or destroyed, the Depositary will deliver in exchange for such lost, stolen or destroyed certificate, the consideration to be issued to such Person in accordance with such Osum Shareholder's Letter of Transmittal.