Examples of Alignvest Class B Shares in a sentence
Alignvest shall have caused each party to the Forward Purchase Agreements (either directly or via the power of attorney granted to Alignvest in the Forward Purchase Agreements) to agree to Alignvest exercising the automatic right of repurchase of their Alignvest Class B Shares (which will become Alignvest Common Shares following completion of the Alignvest Arrangement) on the terms and conditions set out in Section 6.06.
Subject to Section 6.06(c), each Founder as at the Agreement Date shall have entered into an agreement pursuant to which Alignvest shall have the automatic right to repurchase certain of such Founder’s Alignvest Class B Shares (which will become Alignvest Common Shares following completion of the Alignvest Arrangement) in accordance with the terms and conditions set out in Section 6.06.
If the applicable Alignvest Class B Shares (which will become Alignvest Common Shares following completion of the Alignvest Arrangement) are repurchased as provided in Section 6.06(a) and/or Section 6.06(b), the dividends shall be returned to Alignvest, and all of the repurchased shares shall be cancelled.
Following the Effective Date, share certificates, if any, representing Alignvest Class A Shares and Alignvest Class B Shares shall be deemed for all purposes to be certificates representing the Alignvest Common Shares issued to Participating Shareholders under the Alignvest Arrangement.
While the Alignvest Class B Shares (which will become Alignvest Common Shares following the Effective Time) described in Section 6.06(a) and Section 6.06(b) remain subject to repurchase, Alignvest shall use its commercially reasonable efforts to remain listed as a public company on, and for the Alignvest Common Shares to be tradable on, the TSX; provided that the foregoing shall not limit Alignvest from consummating a Change in Control or entering into a contract that contemplates a Change in Control.
While the Alignvest Class B Shares (which will become Alignvest Common Shares following the Effective Time) described in Section 6.06(a) and Section 6.06(b) remain subject to repurchase, Alignvest shall use its commercially reasonable efforts to remain listed as a public company on, and for the Alignvest Common Shares to be tradable on, the TSX; provided that the foregoing shall not limit Alignvest from consummating a Change in Control or entering into a contract that contemplates a Change in Control.