Unit Shares definition
Examples of Unit Shares in a sentence
For greater certainty the foregoing indemnity shall have no force or effect and the Subscribers shall have no recourse or right of action to the extent that such indemnity, recourse or right of action would otherwise cause the Unit Shares to be “prescribed shares” or cause the Warrants to be “prescribed rights”, each within the meaning of subsection 6202.1 of the regulations to the Tax Act.
The Company will issue the Units, the Rights, the Unit Shares and the Restricted Class A Shares, and when issued, the Right Shares purchased by the Purchaser, in the name of the Purchaser.
The Company will issue the Units, the Warrants, the Share Rights and the Unit Shares, and when issued, the Warrant Shares purchased by the Purchaser, in the name of the Purchaser.
Neither the Company nor any director, employee, officer, other person acting on behalf of the Company or any person having a Prescribed Relationship with the Company has made any written or oral representations that any person will resell or repurchase the Unit Shares or the Warrants.
To the extent that a Subscriber would otherwise be covered by this indemnity, this Section 13 shall not apply to such Subscriber if it would cause such Unit Shares and Warrants comprising the Units of such Subscriber to be “prescribed shares” or “prescribed rights” within the meaning of section 6202.1 of the regulations to the Tax Act.