Examples of Exchangeable Share Consideration in a sentence
At or promptly after the Effective Time, Exchangeco shall deposit with the Depositary, for the benefit of the holders of TMX Group Shares who will receive the Exchangeable Share Consideration in connection with the Arrangement, the certificates representing that number of whole Exchangeable Shares to be delivered pursuant to Section 2.2(b).
An Eligible Holder may also elect to receive consideration that includes a combination of Exchangeable Share Consideration and Torchlight Share Consideration.
For greater certainty, with respect to any election required to be made by a holder of Common Shares (other than Tax-Exempt Shareholders, Non-Resident Shareholders and Employee Shareholders), such holder may elect to receive either the Trust Unit Consideration, the Exchangeable Share Consideration or a combination thereof in exchange for the aggregate number of Common Shares in respect of which such an election is made.
FURTHER INSTRUCTIONS If you have elected to receive all Exchangeable Share Consideration or a combination of Torchlight Share Consideration and Exchangeable Share Consideration, you must also review and complete Schedule “A” and Figure 1: Tax Election Form for use by Eligible Holders of Meta Shares and Figure 2: Tax Election Package Information and ensure all information requested therein is completed.
The applicable Exchangeable Share Price for each such Exchangeable Share so purchased may be satisfied only by ParentCo or ParentCo Subsidiary delivering or causing to be delivered to the Trustee, on behalf of the relevant Holder, the applicable Exchangeable Share Consideration representing the total applicable Exchangeable Share Price.