Automatic Exchange Rights definition

Automatic Exchange Rights means the benefit of the obligation of Parent to effect the automatic exchange of Parent Common Shares for Exchangeable Shares pursuant to Section 5.13.

Automatic Exchange Rights means the benefit of the obligation of Acquiror to effect the automatic exchange of Exchangeable Shares for Acquiror Shares pursuant to Section 5.12;

Automatic Exchange Rights means the benefit of the joint and several obligation of Parent and Subco to effect the automatic exchange of shares of Parent Common Stock for Exchangeable Shares pursuant to Section 5.13 hereof.

Examples of Automatic Exchange Rights in a sentence

• In so refusing, the Trustee may elect not to exercise any Voting Rights, Exchange Right or Automatic Exchange 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, Exchange Rights or Automatic Exchange 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, Exchange Put Right, Exchange Right or Automatic Exchange 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.

• Such notice shall include a brief description of the Automatic Exchange Rights.

• Acquiror hereby acknowledges receipt from the Trustee as trustee for and on behalf of the Beneficiaries of good and valuable consideration (and the adequacy thereof) for the grant of the Exchange Right and the Automatic Exchange Rights by Acquiror to the Trustee.

More Definitions of Automatic Exchange Rights

Automatic Exchange Rights means the benefit of the obligation of Lululemon, to effect the automatic exchange of Exchangeable Shares for Lululemon Common Shares pursuant to Section 3.12;

Automatic Exchange Rights means the benefit of the obligation of Xxxxxxx USA to effect the automatic exchange of shares of Xxxxxxx USA Common Stock for Exchangeable Shares pursuant to Section 5.12 hereof.

Automatic Exchange Rights means the benefit of the obligation of Newco Canada, to effect the automatic exchange of Exchangeable Shares for shares of Spinco Common Stock pursuant to section 5.12.

Automatic Exchange Rights means the benefit of the obligation of Patch to effect the automatic exchange of Exchangeable Shares for Patch Shares pursuant to section 4.11 hereof.

Automatic Exchange Rights means the benefit of the obligation of Pubco to effect the automatic exchange of shares of the Pubco Common Stock for the Exchangeable Shares pursuant to Section 5.10 hereof.

Automatic Exchange Rights means the benefit of the obligation of USCo and CallCo to effect the automatic exchange of Exchangeable Shares for USCo Common Stock as defined in Section 5.12(c);

Automatic Exchange Rights means the automatic exchange of shares of WISI Common Stock for Exchangeable Shares pursuant to Section 5.3 of the Exchangeable Share Provisions.