WACI definition
Examples of WACI in a sentence
The Closing shall take place at the Closing Time on the Closing Date at the offices of WACI or such place as the Parties may agree on.
Upon such payment or deposit of the total Redemption, less any amounts withheld on account of tax required to be deducted and withheld therefrom, the holders of the Exchangeable Shares shall thereafter be considered and deemed for all purposes to be holders of the WACI Common Shares delivered to them or the custodian on their behalf.
In the event that WACI does not deliver a WACI Call Notice within such five Business Day period, and provided that the Retraction Request is not revoked by the holder in the manner specified in section 6.7 hereof, the Corporation shall redeem the Retracted Shares on the Retraction Date and in the manner otherwise contemplated in this section 6.
In order to exercise the Retraction Call Right, WACI must notify the Corporation of its determination to do so (the "WACI Call Notice") within five (5) Business Days of notification to WACI by the Corporation of the receipt by the Corporation of the Retraction Request.
In the event of the exercise of the Liquidation Call Right by WACI on the Liquidation Date on payment by WACI to the holder of the Liquidation Call Purchase Price for each such share, the Corporation shall have no obligation to redeem such shares so purchased by WACI.
WACI and Exchangeco shall have performed all of the obligations hereunder to be performed by them at or prior to the Closing, and shall not be in breach of any provision of this Agreement.
The undersigned acknowledges that if, as a result of solvency provisions of applicable law, the Corporation is unable to redeem all Retracted Shares, the undersigned will be deemed to have exercised the Exchange Right (as defined in the Share Provisions) so as to require WACI, to purchase the unredeemed Retracted Shares.
On or before Closing, WACI and Exchangeco shall enter into the Support Agreement in the form attached hereto as Schedule "E".
If WACI does not exercise the Redemption Call Right in the manner described above, on the Redemption Date the holders of the Exchangeable Shares will be entitled to receive in exchange therefore the redemption price otherwise payable by the Corporation in connection with the redemption of the Exchangeable Shares pursuant to section 7 of these Share Provisions.
Upon such payment or deposit of the total Liquidation Amount, the holders of the Exchangeable Shares shall thereafter be considered and deemed for all purposes to be holders of the WACI Common Shares delivered to them or the custodian on their behalf.