Share Consideration definition
Examples of Share Consideration in a sentence
Conditional approval shall have been obtained for the listing and posting for trading on the TSXV of the Purchaser Shares to be issued to Company Shareholders as Share Consideration pursuant to the Plan of Arrangement, subject only to satisfaction of customary conditions of the TSXV.
The Purchaser has applied or will apply to list the Purchaser Shares issuable as Share Consideration on the TSXV and the Purchaser has no reason to believe that such Purchaser Shares will not be approved for listing, subject to satisfaction of customary listing conditions.
The Purchaser Shares to be issued as Share Consideration will, when issued pursuant to the Arrangement, be duly authorized, validly issued, fully paid and non-assessable, free and clear of all encumbrances and will not be subject to any pre-emptive rights, rights of first refusal or similar rights.
Neither the Company nor the Purchaser, or any of their respective successors, will be liable to any person in respect of any Share Consideration (including any consideration previously held by the Depositary in trust for any such former holder) which is forfeited to the Company or the Purchaser or delivered to any public official pursuant to any applicable abandoned property, escheat or similar law.