Examples of BAM Shares in a sentence
Embedded commissions generally do not align with the services provided to investors.The concerns raised in the CSA Paper led the CSA to conclude that a change to a different compensation model must be considered, but the CSA emphasizes that it has not made a decision to discontinue embedded commissions.
Neither BAM nor the Rights Agent will pay any interest on the proceeds from the sale of fractional BAM Shares.
This Agreement shall have a perpetual term and will terminate automatically on the earlier of such time as (i) no Class A Shares (or securities or rights convertible into or exchangeable for or carrying rights to acquire Class A Shares) are held by any person other than Brookfield and (ii) there is an amendment to the terms of the Class A Shares that eliminates the right of the holders to exchange the Class A Shares for the BAM Shares Amount or the Cash Amount (plus unpaid distributions).
Neither BAM, the Company nor the Rights Agent will guarantee any minimum sale price for the fractional BAM Shares.
The scope of the Board’s vetting enquiries, and the size of the judiciary to be vetted (in excess of 50 judges and 300 magistrates), meant that the Board would need a significant personnel of its own.
Upon satisfaction of the condition in the immediately preceding sentence, BAM shall deliver such BAM Shares Amount or Cash Amount to such other Person.
Fractional BAM Shares shall not be distributed to Class A Shareholders or credited to book-entry accounts.
For the avoidance of doubt, any Class A Shareholder who receives the Cash Amount in satisfaction of the Exchange Right with respect to any Class A Share pursuant to this Agreement and the Company’s Bye-Laws shall not be entitled to any rights of a holder of BAM Shares at any time with respect to the BAM Shares for which the Exchange Right with respect to such Subject Class A Share was exercisable prior to the receipt of such Cash Amount.
Reference in this Agreement to certificates for Class A Shares or BAM Shares shall include, in the case of uncertificated shares, the balances indicated in the book-entry account system of the transfer agent for the Class A Shares or BAM Shares, as applicable.
The Depositary shall not be obligated to seek or obtain a minimum price for any of the BAM Shares and/or New Preferred Units sold by it.