Automatic Exchange Right definition

Automatic Exchange Right has the meaning ascribed thereto in the Voting and Exchange Trust Agreement;

Automatic Exchange Right has the meaning ascribed thereto in Section 5.12(2);

Automatic Exchange Right means the benefit of the obligation of RG to effect the automatic exchange of Exchangeable Shares for RG Shares pursuant to Section 5.12.

Examples of Automatic Exchange Right in a sentence

• In so refusing, the Trustee may elect not to exercise any Voting Rights, Exchange Right, Automatic Exchange Right or other rights subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or its failure or refusal to comply with any such conflicting claims or demands.

• In so refusing, the Trustee may elect not to exercise any Voting Rights, Automatic Exchange Right or Exchange Right subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or its failure or refusal to comply with any such conflicting claims or demands.

• The Trustee shall hold the Special Voting Share in order to enable the Trustee to exercise the Voting Rights and shall hold the Exchange Right and the Automatic Exchange Right in order to enable the Trustee to exercise or enforce such rights, in each case as trustee for and on behalf of the Beneficiaries as provided in this Agreement.

• The Trustee will hold the Exchange Right and the Automatic Exchange Right in order to enable the Trustee to exercise such rights, in each case as trustee for and on behalf of the Beneficiaries as provided in this Agreement.

• The Liquidation Call Right, the Redemption Call Right, the Retraction Call Right, the Change of Law Call Right, the Automatic Exchange Right and the Exchange Right are hereby agreed, acknowledged, consented to and confirmed, and it is agreed and acknowledged that such rights are granted as part of the consideration for the obligations of US Gold under this Agreement.

More Definitions of Automatic Exchange Right

Automatic Exchange Right means the benefit of the obligation of MEC to effect the automatic exchange of MEC Class A Shares for Exchangeable Shares pursuant to section 3.11(c).

Automatic Exchange Right means the benefit of the obligation of Vivendi to effect the automatic exchange of Exchangeable Shares for Vivendi ADSs under section 4.12;

Automatic Exchange Right means the benefit of the obligation of SPAC to effect the automatic exchange of Exchangeable Shares for SPAC Shares pursuant to Section 3.8.

Automatic Exchange Right means the benefit of the obligation of RTO Acquiror to effect the automatic exchange of Exchangeable Shares for RTO Acquiror Shares pursuant to Section 5.12.

Automatic Exchange Right means the benefit of the obligation of Parent and Newco I to effect the automatic exchange of shares of Parent Common Stock for Exchangeable Shares pursuant to Section 5.13 hereof.

Automatic Exchange Right has the meaning set forth in Section 3.10(b);

Automatic Exchange Right means the benefit of the obligation of SMTC, in the event of an SMTC Liquidation Event, to purchase all of the outstanding Exchangeable Shares (other than Exchangeable Shares held by SMTC or its Affiliates) from the holders thereof on the fifth Business Day prior to the effective date of any such SMTC Liquidation Event in exchange for shares of SMTC Common Stock, plus the aggregate Dividend Amount, pursuant to Section 5.11.