Examples of Trans-Orient Shareholders in a sentence
In deciding to approve the Arrangement Agreement and the terms of the Arrangement, the Trans-Orient Board considered, among other things, the recommendation of the Special Committee and the Trans-Orient Fairness Opinion.Trans-Orient Fairness Opinion Semeniuk was retained by the Special Committee to provide advice and assistance to Trans-Orient and, in connection with the Arrangement, to deliver an opinion as to the fairness of the Arrangement to the Trans-Orient Shareholders from a financial point of view.
Based on its review of the offer, Semeniuk provided the Special Committee with a verbal opinion that the terms were fair, from a financial point of view, to the Trans-Orient Shareholders.
The TAG Common Shares to be issued in connection with the Arrangement to Trans-Orient Shareholders who are residents of the United States of America or who are “U.S. persons” within the meaning of Regulation S under the 1933 Act, other than persons who are deemed to be affiliates of Trans-Orient for the purposes of Rule 145 under the 1933 Act, will be exempt from the registration requirements of the 1933 Act pursuant to Section 3(a)(10) of the 1933 Act.
Subject to the rights of termination contained in Article Seven hereof, upon the Trans-Orient Shareholders approving the Arrangement in accordance with the Interim Order, Trans-Orient obtaining the Final Order and the other conditions contained in Article Five hereof being complied with or waived, the Amalgamating Corporations shall jointly file the Arrangement Filings, with the Registrar together with such other documents as may be required in order to effect the Arrangement.
Notwithstanding 3.01(c) hereof, no fractional TAG Common Shares shall be issued to Former Trans-Orient Shareholders and any fractional number of TAG Common Shares shall be rounded down to the next whole number of TAG Common Shares without any reimbursement or payment associated therewith.
There are no outstanding bonds, debentures or other evidences of indebtedness of Trans-Orient or any of the Trans-Orient Subsidiaries having the right to vote with the Trans-Orient Shareholders on any matter.
THE ARRANGEMENT Upon completion of the Arrangement, former Trans-Orient Shareholders will own approximately 43.74% of the outstanding TAG Oil Shares and Trans-Orient will be a wholly-owned subsidiary of TAG Oil through an Amalgamation with TAG Subco.
From time to time we utilize interest rate swaps and similar arrangements to manage a portion of our interest rate exposure, which allow us to convert a portion of fixed rate debt into variable rate debt or a portion of variable rate debt into fixed rate debt.