Common use of Subdivision or Consolidation Clause in Contracts

Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares or Super Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Voting Shares and Super Voting Shares are subdivided or consolidated in 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 of the said classes.

Appears in 4 contracts

Samples: Merger Agreement (Trulieve Cannabis Corp.), Business Combination Agreement (Vireo Health International, Inc.), Business Combination Agreement

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Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares or Super Multiple Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Voting Shares and Super Multiple Voting Shares are subdivided or consolidated in 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 of the said classes.

Appears in 3 contracts

Samples: Business Combination Agreement, Merger Agreement, Business Combination Agreement

Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares or Super Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Super Voting Shares and Super the Subordinate Voting Shares are subdivided or consolidated in the same manner manner, or such other adjustment is made made, so as to maintain and preserve the relative rights (including voting rights) of the holders of the shares of each of the said classes.

Appears in 1 contract

Samples: Business Combination Agreement (Lowell Farms Inc.)

Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares Class A subordinate voting shares or Super Voting Shares Class B super voting shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Voting Shares Class A subordinate voting shares and Super Voting Shares Class B super voting shares are subdivided or consolidated in 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 of the said classes.

Appears in 1 contract

Samples: Business Combination Agreement

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Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares or Super Multiple Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Voting Shares and Super Multiple Voting Shares are subdivided or consolidated in 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 of the said classes. Subject to Section 1(g), the Subordinate Voting Shares cannot be converted into any other class of shares.

Appears in 1 contract

Samples: Merger Agreement

Subdivision or Consolidation. No subdivision or consolidation of the Subordinate Voting Shares, Multiple Voting Shares or Super Voting Shares shall occur unless, simultaneously, the Subordinate Voting Shares, Multiple Voting Shares and Super Voting Shares are subdivided or consolidated in 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 of the said classes.

Appears in 1 contract

Samples: Merger Agreement (Zenlabs Holdings Inc)

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