Examples of QMI SHARES in a sentence
In such a case, the Purchaser (or QMI or an affiliate of QMI) is authorized to deliver to the Escrow Agent, in accordance with Section 2.4(c) and/or 2.4(k), as the case may be, an amount in cash in lieu of QMI Shares (and reduce the number of QMI Shares to be delivered to the Vendors accordingly) unless the Vendors provide the Purchaser with a guarantee or letter of credit acceptable to the Purchaser acting reasonably.
No fractional shares of QMI shall be delivered in the event the Purchaser (or QMI or an affiliate of QMI) elect to satisfy the payment of the Value of the Additional Amount in QMI Shares as contemplated by Section 3.3 or the Vendors elect to receive payment of the Value of the Additional Amount by the delivery of QMI Shares in conjunction with a QMI IPO as contemplated by Section 3.6, and the cash equivalent therefor shall be payable to the Vendors.
By: ________________________________ Authorized Signing Officer SCHEDULE A This Schedule A (i) illustrates the methodology used by the parties to set the value of a QMI Share as of September 30, 2003 and (ii) establishes the methodology to be used for future valuations of a QMI Share for purposes of determining the Value of the Additional Amount, if QMI Shares are not listed.
Available Funds Pursuant to the Arrangement, Arris Resources will transfer to QMI all of Arris Resources' interest in the Distribution Agreement in exchange for 17,583,372 QMI Shares.
If QMI Shares are issued and delivered in payment of the Value of the Additional Amount, such shares shall be listed on a Recognized Exchange and issued and delivered pursuant to such prospectus qualifications or registrations as are necessary to ensure such shares are freely tradeable upon receipt or accompanied by registration rights in favour of the Vendors pursuant to the terms of a registration rights agreement reasonably acceptable by the Vendors to be entered into at such time.
Liquidity and Capital Resources Pursuant to the Arrangement, Arris Resources will transfer to QMI all of Arris Resources' interest in the Distribution Agreement in exchange for 17,583,372 QMI Shares, which shares will be distributed to the Arris Resources Shareholders who hold Arris Resources Shares on the Share Distribution Record Date.
All New Shares, Arris Class A Preferred Shares and CLI and QMI Shares issued pursuant to this Plan of Arrangement shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares for all purposes of the BCBCA.
Except for options granted under the QMI Stock Option Plan (of which options to acquire 2,505,629 QMI Shares were outstanding as of September 30, 2003), there are no outstanding options, rights or other securities convertible into or exchangeable for any shares or other securities of QMI.
To obtain such funds, QMI may sell additional securities including, but not limited to, its common shares or some form of convertible security, the effect of which would result in substantial dilution of the equity interests of the holders of QMI Shares.