Common use of Deemed Fully Paid and Non-Assessable Shares Clause in Contracts

Deemed Fully Paid and Non-Assessable Shares. All Arrangement Consideration Shares issued or distributed pursuant hereto, as the case may be, shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares for all purposes of the OBCA or the BCBCA, as applicable.

Appears in 3 contracts

Samples: Arrangement Agreement (FSD Pharma Inc.), Arrangement Agreement (FSD Pharma Inc.), Arrangement Agreement

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Deemed Fully Paid and Non-Assessable Shares. All Arrangement Consideration Shares issued or distributed pursuant hereto, as the case may be, shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares for all purposes of the OBCA BCBCA or the BCBCAOBCA, as applicable.

Appears in 1 contract

Samples: Arrangement Agreement

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