Common use of Subdivision or Consolidation Clause in Contracts

Subdivision or Consolidation. No subdivision or consolidation of the Common Shares may be carried out unless, at the same time, the Proportionate Voting Shares and Exchangeable Shares are subdivided or consolidated in a manner so as to preserve the relative rights of the holders of each class of securities.

Appears in 4 contracts

Samples: Arrangement Agreement (JW Asset Management, LLC), Arrangement Agreement (TerrAscend Corp.), Arrangement Agreement

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Subdivision or Consolidation. No subdivision or consolidation of the Common Proportionate Voting Shares may be carried out unless, at the same time, the Proportionate Voting Common Shares and Exchangeable Shares are subdivided or consolidated in a manner so as to preserve the relative rights of the holders of each class of securities.

Appears in 4 contracts

Samples: Arrangement Agreement (JW Asset Management, LLC), Arrangement Agreement (TerrAscend Corp.), Arrangement Agreement

Subdivision or Consolidation. No subdivision or consolidation of the Common Exchangeable Shares may be carried out unless, at the same time, the Proportionate Voting Shares and Exchangeable Common Shares are subdivided or consolidated in a manner so as to preserve the relative rights of the holders of each class of securities.

Appears in 4 contracts

Samples: Arrangement Agreement (JW Asset Management, LLC), Arrangement Agreement (TerrAscend Corp.), Arrangement Agreement

Subdivision or Consolidation. No subdivision or consolidation of the Common Multiple Voting Shares may or the Subordinate Voting Shares shall be carried out unless, at the same time, the Proportionate Multiple Voting Shares and Exchangeable Shares or the Subordinate Voting Shares, as the case may be, are subdivided or consolidated in a the same manner and on the same basis so as to preserve the relative rights economic and voting interests of the holders of each class of securitiestwo classes.

Appears in 1 contract

Samples: Amalgamation Agreement (GFL Environmental Inc.)

Subdivision or Consolidation. No subdivision or consolidation of the Common Variable Voting Shares may be carried out shall occur unless, at the same timesimultaneously, the Proportionate Variable Voting Shares, the Common Voting Shares and Exchangeable the Non-Voting Shares are subdivided or consolidated in a manner the same manner, so as to maintain and preserve the relative rights of the holders of the shares of each class of securitiesthe said classes.

Appears in 1 contract

Samples: Amalgamation Agreement (Jet Metal Corp.)

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Subdivision or Consolidation. No subdivision or consolidation of the Common Non-Participating Voting Shares may or the Subordinate Voting Shares shall be carried out unless, at the same time, the Proportionate Subordinate Voting Shares and Exchangeable Shares or the Non-Participating Voting Shares, as the case may be, are subdivided or consolidated in a the same manner so as to preserve and on the relative rights of the holders of each class of securitiessame basis.

Appears in 1 contract

Samples: Merger Agreement

Subdivision or Consolidation. No subdivision or consolidation of the Common Subordinate Voting Shares may be carried out unless, at the same time, the or Proportionate Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares and Exchangeable Proportionate Voting Shares are subdivided or consolidated in a the same manner or such other adjustment is made so as to maintain and preserve the relative rights of the holders of the shares of each class of securitiesthe said classes.

Appears in 1 contract

Samples: Business Combination Agreement

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