Baytex Shares definition
Examples of Baytex Shares in a sentence
The Arrangement shall be structured and executed such that, assuming the Court considers the fairness of the terms and conditions of the Arrangement and grants the Final Order, the issuance of the Baytex Shares issuable to Raging River Shareholders under the Arrangement will not require registration under the U.S. Securities Act, in reliance upon Section 3(a)(10) thereof.
Any Raging River Shares or Baytex Shares withheld by Raging River shall be sold through the facilities of the TSX and the funds used to satisfy the remittance obligation.
As of the Agreement Date, 236,600,000 Baytex Shares and no preferred shares are issued and outstanding.
Baytex is a "reporting issuer" in each of the Provinces of Canada and is in material compliance with all Applicable Canadian Securities Laws therein and the Baytex Shares are listed and posted for trading on the TSX.
Other than the Baytex Shares, there are no securities of Baytex outstanding which have the right to vote generally with Baytex Shareholders on any matter.
No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, Baytex Shares or any other securities of Baytex has been issued by any Governmental Authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of Baytex, are contemplated or threatened under any Applicable Laws or by any Governmental Authority.
All outstanding Baytex Shares are duly authorized, validly issued, fully paid and non-assessable and are not subject to, nor were they issued in violation of, any pre-emptive rights and all Baytex Shares issuable upon the settlement of Baytex Incentives or following the Effective Date Raging River Incentives in accordance with the terms of such securities will be duly authorized, validly issued, fully paid and non-assessable and will not be subject to any pre-emptive rights.
No delisting, suspension of trading in or cease trading order with respect to Baytex Shares is pending or, to the knowledge of Baytex, threatened.
As of the Agreement Date, the authorized capital of Baytex consists of an unlimited number of Baytex Shares and 10,000,000 preferred shares, issuable in series.
There are no rights of first refusal and similar rights restricting transfer of the Baytex Shares contained in shareholders, partnership, joint venture or similar agreements or pursuant to existing financing arrangements and there are no outstanding contractual or other obligations of any member of the Baytex Group to repurchase, redeem or otherwise acquire any of their respective securities or with respect to the voting or disposition of any outstanding securities of any of them.