Qualifying Transaction definition

Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

Qualifying Transaction means a Fundamental Change: (i) with regard to which the holder of Series 6 Preferred Shares is entitled to receive, directly or indirectly, in respect of its Series 6 Preferred Shares, in connection with the consummation of such transaction (including pursuant to the conversion of the Series 6 Preferred Shares (without regard to limitations or restrictions on conversion) or the purchase or exchange of such Series 6 Preferred Shares in a tender or exchange offer), consideration consisting solely of cash, equity securities that are immediately tradable on a national securities exchange and that have (or the equity securities of the predecessor of the issuer of such equity securities have) an average trading volume per trading day over the thirty (30) trading days preceding public announcement of such transaction at least equal to that of the Class A Shares over the thirty (30) trading days preceding public announcement of such transaction, or a combination of cash and such equity consideration (collectively, “qualifying consideration”), which qualifying consideration is in an amount per outstanding Series 6 Preferred Share that is at least equal to the Base Liquidation Preference of such Series 6 Preferred Share plus all accrued but unpaid dividends thereon (with the value of any non-cash consideration being the Fair Market Value of such non-cash consideration at the time of signing of the definitive transaction agreement for the applicable transaction) or (ii) that is otherwise consented to by the holders of two-thirds of the outstanding Series 6 Preferred Shares.

Qualifying Transaction means any sale Transaction that is not a Non-Qualifying Transaction.

Examples of Qualifying Transaction in a sentence

• As a result of the Qualifying Transaction, Alpha Canada became the Company’s wholly-owned subsidiary.

• On July 9, 2020, the Company and Alpha Canada entered into a letter agreement, pursuant to which the Company proposed to acquire 100% of the issued and outstanding securities of Alpha Canada from the securityholders of Alpha Canada, by way of plan of arrangement, which would constitute the Company’s Qualifying Transaction pursuant to the policies of the TSXV.

• The value of each amount has been determined by taking the difference between the market price of the shares at the date of exercise and the exercise or base price of the option under the option- based award on the vest date.2. On May 28, 2013 the Company completed its Qualifying Transaction (as such term is defined by the Policy 2.4 of the TSXV), and its NEOs (Messrs.

• The value of each amount has been determined by taking the difference between the market price of the shares at the date of exercise and the exercise or base price of the option under the option-based award on the vest date.2. On May 28, 2013 the Company completed its Qualifying Transaction (as such term is defined by the Policy2.4 of the TSXV), and Mr. Jordens resigned as a director of the Company.3. Messrs.

• Compensation Discussion and Analysis The Company completed its Qualifying Transaction (as such term is defined by the Policy 2.4) on May 28, 2013 and prior to that the Company’s NEOs were not paid any compensation, as the Policy 2.4 prohibits directors and officers from receiving remuneration (other than incentive stock options) while the Company is a capital pool company.

More Definitions of Qualifying Transaction

Qualifying Transaction has the meaning set forth in Section 7.3(a).

Qualifying Transaction means any acquisition of (i) 50% or more of the outstanding Shares pursuant to a merger, consolidation or other business combination, sale of shares of capital stock, tender offer or exchange offer or similar transaction involving the Company or (ii) all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole.

Qualifying Transaction means a transaction whereby a capital pool company acquires significant assets other than cash, by way of purchase, amalgamation, merger or arrangement with another company or by other means, and, specifically in the case of the Corporation, the Amalgamation, as more particularly described herein;

Qualifying Transaction means the acquisition, directly or indirectly, of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Corporation, which is intended to be consummated by the Corporation within the Permitted Timeline and in accordance with applicable law and as more fully described in this prospectus;

Qualifying Transaction shall have the meaning assigned to the term “Acquisition Proposal,” except that all references therein to “fifteen percent (15%)” shall be deemed to be references to “fifty percent (50%)”.

Qualifying Transaction means a Fundamental Change

Qualifying Transaction means any retail, or online transactions, or La Carte Transaction or Cashback Transaction or any other transaction that RAKBANK defines as such from time to time.