Target Convertible Securities definition
Examples of Target Convertible Securities in a sentence
Target shall cause the holders of all of its Target Convertible Securities (other than Target Notes) to convert, exercise or otherwise agree to cancel all Target Convertible Securities.
At or prior to the Closing, the Target will terminate any issued and outstanding Target Convertible Securities (if any), without any consideration, payment or Liability therefor.
It is intended that the provisions of subsection 7(1.4) of the ITA apply to any exchange of Target Convertible Securities for Shellco Convertible Securities.
Zoetis shall cause Zoetis Bidco to pay the Consideration and the Rule 15 Consideration within 14 days following the Effective Date in accordance with the terms and conditions of the Scheme, which includes paying the Consideration due to each Target Shareholder in respect of each Target Share held and the Rule 15 Consideration due each holder of Target Convertible Securities in respect of each Target Share issuable upon exercise, conversion of exchange thereof.
Section 2.5 of the Target Disclosure Schedule contains complete and accurate list of the names and addresses of the holders of Target Capital Stock, Target Convertible Securities or Target Options, and the amounts held of each as of the date hereof.
The Parties acknowledge that, as at the Effective Time, all Target Convertible Securities will be exchanged for Shellco Convertible Securities on substantially the same terms as such Target Convertible Securities, exercisable into such number of Shellco Shares as the holder of such Target Convertible Security would have been entitled pursuant thereto if such Target Convertible Security had been exercised prior to the Effective Time.