TEC Common Shares definition

TEC Common Shares means Class A Common Shares in the capital of TEC.

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TEC Common Shares means common shares with no par value of Tec and includes for greater certainty all instruments convertible into common shares of Tec, on the assumption that they are converted in accordance with their terms and conditions.

TEC Common Shares means the common shares of Tec as constituted immediately prior to the Effective Date;

Examples of TEC Common Shares in a sentence

TRC may condition the issuance of shares of TRC Common Stock pursuant to an exercise of the Rights upon the provision by the holder of the Third Party TEC Common Shares or Vested Options so exchanged of evidence satisfactory to TRC that any such tax has been or will be paid in full.
Subject to the terms and conditions herein set forth, a Third Party TEC Common Shareholder or Optionholder shall be entitled to exercise the Rights with respect to all or any part of the Third Party TEC Common Shares or Vested Options, as applicable, registered in the name of such Third Party TEC Common Shareholder or Optionholder.
This Agreement will come into force and effect as of the date hereof and will automatically terminate on the date there ceases to be any outstanding Third Party TEC Common Shares or Stock Options and any rights to acquire the foregoing.
The parties hereto agree that none of the rights contained in this Article 2 shall be construed as an obligation of TRC to register any of the TEC Common Shares.
Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by TRC and their successors and assigns, and each Stockholder and their respective successors and permitted assigns (and heirs, executors and administrators in the case of individual Stockholders), so long as they beneficially own TRC Common Stock or TEC Common Shares.
Any transferee of Third Party TEC Common Shares who is not then a TEC Shareholder, shall prior to the consummation of, and as a condition to, such Transfer, execute and deliver to TEC and TRC a written agreement in the form attached hereto as Schedule “A” and such Person shall thereafter be a party for all purposes of this Agreement.
There are no outstanding options, warrants, agreements, conversion rights, preemptive rights or other rights to subscribe for, purchase or otherwise acquire the 128,198 C- TEC Common Shares or the 3,582,406 C-TEC Class B Shares owned by Holdings.
Party TEC Common Shares who is not then a TEC Shareholder, shall prior to the consummation of, and as a condition to, such Transfer, execute and deliver to TEC and TRC a written agreement in the form attached hereto as Schedule “A” and such Person shall thereafter be a party for all purposes of this Agreement.
If only a part of the Third Party TEC Common Shares or Vested Options represented by any certificate or certificates, or agreement or agreements, delivered to TRC are to he exchanged by TRC under the Rights, a new certificate or agreement for the balance of such Third Party TEC, Common Shares or Vested Options shall be issued to the holder at the expense of TEC.
Concurrently with such Third Party TEC Common Shareholder or Optionholder ceasing to be a holder of Third Party TEC Common Shares or Vested Options, as applicable, the Third Party TEC Common Shareholder or Optionholder shall be considered and deemed for all purposes to be the holder of the shares of TRC Common Stock delivered to it pursuant to the Rights.

More Definitions of TEC Common Shares

TEC Common Shares means the Class A common shares in the capital of Trident Exploration (or securities directly or indirectly convertible into, or exchangeable or exercisable for Class A common shares) whether owned on the date hereof or created, issued or acquired hereafter;

TEC Common Shares means Class A Common Shares in the capital of TEC and any other voting shares authorized by the articles of TEC outstanding from time to time and does not include Class A Preference Shares or any other class or series of shares of TEC which do not entitle the holder to receive notice of and attend meetings of TEC Shareholders;