Alternative Business Transaction definition

Alternative Business Transaction means a business transaction involving a change of control of the Corporation or any subsidiary of the Corporation, including a merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture or the sale of all or substantially all of the Corporation’s assets, exchange of assets or any similar transaction;
Sample 1
Alternative Business Transaction means any issuance of securities of the Corporation in excess of 20% of the total value or number of securities of the applicable class currently outstanding on a fully diluted basis or the completion of a non-ordinary course business transaction involving the Corporation (including any merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, sale of all or substantially all assets, exchange of assets, but excluding an issuance of securities pursuant to the exercise of convertible securities of the Corporation outstanding on the date hereof);
Sample 1
Alternative Business Transaction means as a single transaction or as a series of related transactions:
Sample 1

Examples of Alternative Business Transaction in a sentence

  • If the Offering is not completed because an Alternative Business Transaction is entered into by the Corporation or any of its directors or officers, the Corporation shall pay the Agent promptly upon closing the Alternative Business Transaction a fee equal to the maximum amount of fees otherwise payable under this Agreement calculated on the basis of the maximum offering of Units proposed hereunder.


More Definitions of Alternative Business Transaction

Alternative Business Transaction means: (i) a financing which has the effect of replacing the Offering; or
Sample 1
Alternative Business Transaction means any debt or equity financing transaction, other than a bank loan from one or more commercial bank lenders, completed by the Issuer or any affiliate or subsidiary thereof in respect of which the Agent is not the sole underwriter, placement agent, arranger or initial purchaser, or in respect of which the Agent does not receive at least the same amount of compensation as it would have been entitled under the Offering.‌
Sample 1
Alternative Business Transaction in this Agreement shall mean: (a) the issuance or sale of securities from treasury by Quarry, or any transfer of securities of Quarry in excess of 20% of the total value or number of securities of Quarry currently outstanding (whether in one or more transactions); or (b) a business transaction involving any change of control of Quarry, including a merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, share exchange, sale or exchange of all or substantially all of the assets of Quarry or any similar transactions. If the transactions contemplated herein are not completed by the Vendors even though all of the conditions contained in sections 13.1 and 14.1 hereof have been satisfied and, on or before May 31, 2003:
Sample 1
Alternative Business Transaction means (a) the issuance of equity securities of the Company or SMTC or securities of the Company or SMTC convertible or exchangeable into equity securities of the Company or SMTC resulting in the issuance in excess of 10% of the aggregate number of Exchangeable Shares and Common Shares outstanding on February 17, 2004 on a fully diluted basis (without duplication and other than (i) pursuant to SMTC’s stock option plan or share purchase plan, and (ii) any instrument outstanding on February 17, 2004 that is convertible into or exchangeable for voting securities of SMTC) or (b) a business transaction involving a change in the control of SMTC including a merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, or sale of all or substantially all of the assets of SMTC (which, for greater certainty, excludes any such business transaction that is an internal reorganization currently contemplated in SMTC’s business plans). An Alternative Business Transaction will not include a restructuring of SMTC’s existing bank debt (i) without third party equity capital; or (ii) that is on terms and conditions and that provides SMTC’s existing lenders with consideration that in aggregate is less favourable than as provided in Exhibit “B”;
Sample 1
Alternative Business Transaction means the issuance of securities of the Corporation or a business transaction, either of which involve a change in control of the Corporation, or any material subsidiary including a merger, amalgamation, arrangement, take-over bid supported by the board of directors of the Corporation, insider bid, reorganization, joint venture, sale of all or substantially all assets, exchange of assets or any similar transaction, excluding an issuance of securities pursuant to the exercise of securities of the Corporation outstanding on the date hereof or in connection with a bona fide acquisition by the Corporation (other than a direct or indirect acquisition, whether by way of one or more transactions, of an entity all or substantially all of the assets of which are cash, marketable securities or financial in nature or an acquisition that is structured primarily to circumvent the scope of this definition);
Sample 1

Related to Alternative Business Transaction

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Alternative Transaction means the sale, transfer, lease or other disposition, directly or indirectly, including through an asset sale, stock sale, merger or other similar transaction, of all or substantially all of the Purchased Assets in a transaction or a series of transactions with one or more Persons other than Purchaser (or its Affiliates).

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Acquisition Transaction has the meaning set forth in Section 5.09(a).

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • Public-finance transaction means a secured transaction in connection with which:

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).