Share Consolidation. If, at any time after the First Closing, the closing price of the Common Shares on the CSE shall have been lower than $0.05 per share for a period of more than twenty (20) consecutive business days, the Corporation shall, upon the written request of the Investor, as soon as reasonably practicable call a meeting of shareholders of the Corporation to approve a consolidation of the Common Shares on a ratio such that on the business day on which such written request was received by the Corporation, the closing price of the Common Shares would have been at least $0.10 per share had the consolidation been effective on such date. If the Corporation does not approve the foregoing consolidation of the Common Shares upon request of the Investor in accordance with this section, then the Corporation shall either (i) redeem all outstanding Debentures and Warrants then held by the Investor within thirty (30) business days of the date of the written request of the Investor in respect of the consolidation of the Common Shares at a redemption price equal to 120% of the nominal value of the Debentures and Warrants, as applicable, or (ii) pay to the investor such amounts, in cash or Common Shares, at the discretion of the Corporation, as would give to the Investor the same economic benefit as if the closing price of the Common Shares would have been at least $0.10 per share had the consolidation been effective on the date the written request from the Investor was received by the Corporation.
Share Consolidation. If, at any time after the Second Closing, the closing price of the Common Shares on the CSE shall have been lower than $0.05 per share for a period of more than twenty (20) consecutive business days, the Corporation shall, upon the written request of the Investor, as soon as reasonably practicable approve a consolidation of the Common Shares such that on the business day on which such written request was received by the Corporation, the closing price of the Common Shares would have been at least $0.10 per share had the consolidation been effective on such date. If the Corporation does not approve the foregoing consolidation of the Common Shares upon request of the Investor in accordance with this section, then the Corporation shall either (i) redeem all outstanding Debentures then held by the Investor within thirty (30) business days of the date of the written request of the Investor in respect of the consolidation of the Common Shares at a redemption price equal to 120% of the nominal value of the Debentures, as applicable.
Share Consolidation. In the case of a consolidation of shares of Delaware Common Stock, the Board of Directors may, in good faith and in its discretion and subject to applicable Law and to obtaining any required regulatory approvals, consolidate each issued and unissued Exchangeable Share on the same basis concurrently with, or as soon as practicable following, the consolidation of the shares of Delaware Common Stock (and to ensure that the Exchangeable Share Exchange Ratio does not decrease as a result of the consolidation of the shares of Delaware Common Stock). For greater certainty, subject to applicable Law, no approval of the holders of Exchangeable Shares to an amendment to these Articles shall be required to give effect to such consolidation.
Share Consolidation. If the closing price of the Common Shares on the CSE shall have been lower than $0.50 per share for a period of more than ninety (90) consecutive trading days, the Corporation shall, upon the written request of the Investor, as soon as reasonably practicable convene and conduct a special meeting of its shareholders to consider a resolution to approve a consolidation of the Common Shares such that on the trading day on which such written request was received, the closing price of the Common Shares would have been at least $0.50 per share had the consolidation been effective on such date.
Share Consolidation. In general, a Non-Resident Holder will not realize a capital gain or a capital loss as a result of the Share Consolidation, and the aggregate adjusted cost base to a Non-Resident Holder of its Restricted Voting Shares will be the same immediately after the Share Consolidation as it was immediately before the Share Consolidation.
Share Consolidation. Clearbeach's Articles shall be amended to, among other things: (i) consolidate the issued and outstanding common shares in the capital of Clearbeach (consisting of the New Common Shares and the Existing Shares) on the basis of the Consolidation Ratio, such that each issued and outstanding common share immediately prior to such consolidation shall be consolidated into and become, immediately following such consolidation, a number of common shares equal to the Consolidation Ratio when expressed as a fraction; and (ii) provide for such additional changes to the rights and conditions attached to the common shares of Clearbeach as may be requested by the Purchaser, in its sole and unfettered discretion.
Share Consolidation. Immediately following the Closing, the Resulting Issuer shall effect a four (4) to one (1) share consolidation.
Share Consolidation. Carrara shall have received CSE approval for the Share Consolidation and shall have completed the Share Consolidation prior to Closing.
Share Consolidation. 5.11. The Company shall conduct a share consolidation of ten (10) existing shares into one (1) consolidated share ("Consolidation"). The total number of Shares after Consolidation before the issuance of Consideration Shares, Arranger Shares and ZICO Shares will be 27,600,000 shares.
Share Consolidation. All pricing references with respect to the Offering contained herein give effect to the Share Consolidation (as defined herein) unless otherwise specified.
