RTO Transaction definition

RTO Transaction means the arm’s length reverse takeover completed on February 24, 2020, whereby Bluenose acquired all of the issued and outstanding shares of Caldas Finance by way of a three-cornered amalgamation pursuant to the Amalgamation Agreement.

Examples of RTO Transaction in a sentence

  • Sell, lease, transfer or otherwise dispose of, other than (i) in connection with an RTO Transaction, but only if no Default or Event of Default has occurred and is continuing or would result from such RTO Transaction, or (ii) pursuant to the requirements of any Restructuring Law, equity interests in any Significant Subsidiary of the Borrower (other than AEP Energy Services, Inc.

  • Maintain and preserve, and cause each Significant Subsidiary to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted and except as required in connection with or pursuant to any Restructuring Law or in connection with RTO Transaction.


More Definitions of RTO Transaction

RTO Transaction means the Corporation’s reverse takeover transaction that completed on September 21, 2018, whereby CNX Holdings Inc. amalgamated with a wholly-owned subsidiary of the Corporation;
RTO Transaction means a Transaction in which the Price Source is an RTO.
RTO Transaction means the business combination among, inter alia, the Corporation and IMC pursuant to which, among other things, IMC completed a reverse takeover of the Corporation, and changed its name from “Navasota Resources Inc.” to “IM Cannabis Corp.”;
RTO Transaction means a Rent to Own Transaction, where the COVERED PRODUCT(S) was initially acquired under a rental or lease purchase transaction.
RTO Transaction has the meaning set forth in Section 2;
RTO Transaction means and shall be deemed completed upon the closing of both (A) a transaction pursuant to which the Buyer becomes subject to the reporting requirements of the Exchange Act, or to similar reporting requirements of Canadian Securities Laws of any one or more province or territory of Canada, whether directly or indirectly by way of becoming a subsidiary of an entity subject to such reporting requirements (the “Acquiror”) and (B) (x) a public offering of securities of the Buyer, or of the securities of Acquiror, pursuant to a registration statement filed by the Buyer with the Securities and Exchange Commission or a prospectus filed by Acquiror with any one or more securities commission or similar regulatory authority in Canada or (y) a private placement of securities of the Buyer, or of the securities of Acquiror or securities of a special purpose entity to be converted into securities of the parent of the Buyer in connection with the transaction; in either which case the Buyer or Acquiror receives gross proceeds of at least $50,000,000 (the “Public Offering”).
RTO Transaction means a lease-to-own, rent-to-own or lease-here-pay-here transaction involving a lease of a motor vehicle by a Borrower.