Common use of REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION Clause in Contracts

REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION. 7.1 Subject to applicable law, and provided Parent has not exercised the Redemption Call Right, the Corporation shall on the Redemption Date redeem all but not less than all of the then outstanding Exchangeable Shares for an amount per share equal to the Current Market Price of a Common Share on the last Business Day prior to the Redemption Date (the “Redemption Price”), which shall be satisfied in full by the Corporation causing to be delivered to each holder of Exchangeable Shares one share of Parent Common Stock for each Exchangeable Share held by such holder, together with the full amount of all declared and unpaid dividends on each such Exchangeable Share held by such holder on any dividend record date which occurred prior to the Redemption Date.

Appears in 4 contracts

Samples: Trust Agreement, Agreement (Future Energy Corp.), Share Exchange Agreement (Keewatin Windpower Corp.)

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REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION. 7.1 Subject to applicable law, and provided Parent Xxxxxx has not exercised the Redemption Call Right, the Corporation shall on the Redemption Date redeem all but not less than all of the then outstanding Exchangeable Shares for an amount per share equal to the sum of, (i) the Current Market Price of a Common Corresponding Coors Share on the last Business Day prior to the Redemption Date (the "Redemption Price"), which shall be satisfied in full by the Corporation delivering or causing to be delivered to each holder of Exchangeable Shares one share of Parent Common Stock Corresponding Coors Share for each Exchangeable Share held by such holder, together with (ii) the full amount of all declared and unpaid dividends on each such Exchangeable Share held by such holder on any dividend record date which occurred prior to the Redemption Date.

Appears in 2 contracts

Samples: Combination Agreement (Coors Adolph Co), Combination Agreement (Coors Adolph Co)

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REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION. 7.1 Subject to applicable law, and provided Parent has not exercised the Redemption Call Right, the Corporation shall will on the Redemption Date redeem all but not less than all of the then outstanding Exchangeable Shares for an amount per share equal to the Current Market Price of a Parent Common Share on the last Business Day prior to the Redemption Date (the “Redemption Price”), which shall will be satisfied in full by the Corporation causing to be delivered to each holder of Exchangeable Shares one share of Parent Common Stock for each Exchangeable Share held by such holder, together with the full amount of all declared and unpaid dividends on each such Exchangeable Share held by such holder on any dividend record date which occurred prior to the Redemption Date.

Appears in 1 contract

Samples: Arrangement Agreement (Schmitt Industries Inc)

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