Examples of Alternative Transaction Agreement in a sentence
Neither the Issuer nor any of its Subsidiaries shall have entered into any Alternative Transaction Agreement (or proposed or resolved to do so, which proposal or resolution has not been withdrawn or terminated).
In such event, the Corporation may determine, subject to further order of the Court, to proceed with an alternative transaction, including pursuant to the Alternative Transaction Agreement, which may include proceedings under the CCAA and the value available to stakeholders may be significantly less than contemplated to be paid under the Arrangement.
In the event of an alternative transaction upon the terms contemplated in the Alternative Transaction Agreement, Shareholders may receive the nominal value of $0.001 per Share, which is significantly less than what is contemplated to be paid under the Arrangement.
The Alternative Transaction Agreement also contemplates that a definitive agreement will be entered between Pengrowth, the Purchaser and WEF containing substantially similar provisions relating to the payment of the Purchaser Termination Fee.
KFS shall, within ten (10) Business Days following the earlier of (a) a KFS Termination or (b) the entering into of the Target Alternative Transaction Agreement, make a cash payment to JJR VI in the amount of $500,000, which payment shall constitute full and final compensation and remedy to JJR VI for any breach or the non‑performance of this Agreement and any and all fees and expenses associated therewith.
The Alternative Transaction Agreement contemplates a proceeding, including a proceeding under the CCAA, pursuant to which Shareholders may receive the nominal value of $0.001 per Share and the Secured Debtholders will receive a pro rata portion of the Secured Debtholder Consideration (on the same terms as set forth under the Arrangement), unless otherwise agreed to by the Purchaser and WEF with the Corporation.
Notwithstanding anything to the contrary contained in this Agreement, neither SK nor HBK shall be under any obligations under Section 1.2 of this Agreement unless the Alternative Transaction Agreement provides that all Company Restricted Shares, Company Options, Company SARs and Company RSUs granted to or held by SK, HBK or any other entities on their behalf will be treated in the same manner as provided in Sections 2.2(f) and 2.4 of the Merger Agreement.
The Alternative Transaction Agreement contemplates a proceeding, including a proceeding under the CCAA, pursuant to which Shareholders may receive the nominal value of $0.001 per Share and the Secured Debtholders will receive, subject to the Purchaser and WEF agreeing with the Corporation otherwise, the same consideration available to them under the Arrangement.
The Corporation, prior to the approval of the Note Amendment Resolution, solely to the extent that termination is required in order to enter into an Alternative Transaction Agreement with respect to a Superior Proposal and, if the Transaction Agreement is terminated in such circumstances, the Corporation shall pay to Tilray a termination fee of US$10 million (the “ Termination Fee”) concurrently with the termination of the Transaction Agreement.
Each of SK and HBK will, solely in their capacity as officers and directors of the Company, cooperate with and support and not take any action intended to, or which would be reasonably likely to, frustrate, delay or impede, the Company’s, the Acquiring Party’s and their respective Representatives’ efforts to consummate the transactions contemplated by the Alternative Transaction Agreement.