Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by 40; and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 7 contracts
Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose purposes of winding up its affairs, the holders of the Multiple Subordinate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Proportionate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Subordinate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Proportionate Voting ShareShare divided by 40; and (ii) the amount of such distribution per Proportionate Voting Share divided by 40; and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 7 contracts
Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Proportionate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting ShareShare multiplied by 40; and (ii) the amount of such distribution per Proportionate Multiple Voting Share divided multiplied by 40; and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share.
Appears in 6 contracts
Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement (Acreage Holdings, Inc.), Arrangement Agreement (Canopy Growth Corp)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose purposes of winding up its affairs, the holders of the Multiple Subordinate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Proportionate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Subordinate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Proportionate Voting ShareShare divided by 80; and (ii) the amount of such distribution per Proportionate Multiple Voting Share divided by 40Share; and each fraction of a Multiple Subordinate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Subordinate Voting Share.
Appears in 2 contracts
Samples: Business Combination Agreement (Cannex Capital Holdings Inc.), Business Combination Agreement (4Front Ventures Corp.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting ShareShare multiplied by one hundred (100); and (ii) the amount of such distribution per Proportionate Voting Share divided multiplied by 40one hundred (100); and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 2 contracts
Samples: Business Combination Agreement (Alpine Summit Energy Partners, Inc.), Business Combination Agreement (Alpine Summit Energy Partners, Inc.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Proportionate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting ShareShare multiplied by 80; and (ii) the amount of such distribution per Proportionate Multiple Voting Share divided multiplied by 4080; and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share.
Appears in 2 contracts
Samples: Business Combination Agreement (Cannex Capital Holdings Inc.), Business Combination Agreement (4Front Ventures Corp.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Proportionate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Multiple Voting Share divided by 40one hundred (100); and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share.
Appears in 2 contracts
Samples: Business Combination Agreement (Alpine Summit Energy Partners, Inc.), Business Combination Agreement (Alpine Summit Energy Partners, Inc.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose purposes of winding up its affairs, the holders of the Multiple Subordinate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Subordinate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by 40100; and each fraction of a Multiple Subordinate Voting Share will be entitled to the amount calculated by multiplying the such fraction by the amount payable per whole Multiple Subordinate Voting Share.
Appears in 2 contracts
Samples: Arrangement Agreement (Verano Holdings Corp.), Arrangement Agreement (Verano Holdings Corp.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by 4080; and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 2 contracts
Samples: Business Combination Agreement (Cannex Capital Holdings Inc.), Business Combination Agreement (4Front Ventures Corp.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Common Shares and on the basis that each Proportionate Voting Shares, with Share will be entitled to the amount of such distribution per Multiple Voting Common Share equal to each of: multiplied by [one thousand (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by 40; 1000)], and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share, but only after payment to the holders of Preferred shares, in accordance with the preference on liquidation, dissolution or winding-up accorded to the holders of the Preferred shares.
Appears in 2 contracts
Samples: Transaction Agreement (Columbia Care Inc.), Transaction Agreement
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose purposes of winding up its affairs, the holders of the Multiple Voting Common Shares shall be entitled to participate pari passu with the holders of Subordinate Proportionate Voting Shares and on the basis that each Proportionate Voting Shares, with Share will be entitled to the amount of such distribution per Multiple Voting Common Share equal to each of: multiplied by [one thousand (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by 40; 1000)], and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount otherwise payable per in respect of a whole Multiple Proportionate Voting Share, but only after the payment to the holders of the Preferred shares, in accordance with the preference on liquidation, dissolution or winding-up accorded to the holders of the Preferred shares.
Appears in 2 contracts
Samples: Transaction Agreement (Columbia Care Inc.), Transaction Agreement
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Proportionate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided multiplied by 40100; and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share.
Appears in 2 contracts
Samples: Arrangement Agreement (Verano Holdings Corp.), Arrangement Agreement (Verano Holdings Corp.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Voting Shares, with the amount of such distribution per Multiple Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting Share; and (ii) the amount of such distribution per Proportionate Voting Share divided by forty (40); and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 1 contract
Samples: Business Combination Agreement (Acreage Holdings, Inc.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose of winding up its affairs, the holders of the Multiple Proportionate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Proportionate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Voting ShareShare multiplied by forty (40); and (ii) the amount of such distribution per Proportionate Multiple Voting Share divided multiplied by forty (40); and each fraction of a Multiple Proportionate Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Proportionate Voting Share.
Appears in 1 contract
Samples: Business Combination Agreement (Acreage Holdings, Inc.)
Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, or in the event of any other distribution of assets of the Company to its shareholders for the purpose purposes of winding up its affairs, the holders of the Multiple Subordinate Voting Shares shall be entitled to participate pari passu with the holders of Subordinate Proportionate Voting Shares and Proportionate Multiple Voting Shares, with the amount of such distribution per Multiple Subordinate Voting Share equal to each of: (i) the amount of such distribution per Subordinate Proportionate Voting ShareShare divided by forty (40); and (ii) the amount of such distribution per Proportionate Voting Share divided by 40; and each fraction of a Multiple Voting Share will be entitled to the amount calculated by multiplying the fraction by the amount payable per whole Multiple Voting Share.
Appears in 1 contract
Samples: Business Combination Agreement (Acreage Holdings, Inc.)