Examples of Butterfly Shares in a sentence
In connection with the Manager Share Exchange described in paragraphs 3.1(i)(i) to (iv), the aggregate amount to be added by the Manager to the stated capital of each class of Manager Shares will be an amount equal to the aggregate stated capital of the applicable class of Butterfly Shares so transferred to the Manager.
Upon receipt of a certificate or certificates representing all of the Butterfly Shares held by such holder together with such notice the Corporation shall, subject to the Act, redeem on the Retraction Date such Butterfly Shares by paying to such holder the Redemption Amount for each Butterfly Share being redeemed.
CIM will be the owner of the Globex Butterfly Shares so transferred and the name of CIM will be entered in the register of holders of Globex Butterfly Shares in respect of the Globex Butterfly Shares so transferred to CIM, and CIM shall add to the stated capital account maintained for the CIM Common Shares an amount equal to the aggregate paid-up capital of the Globex Butterfly Shares acquired by CIM.
This paid-up capital will be allocated to the Globex New Common Shares and to the Globex Butterfly Shares based on the ratio that the fair market value of the Globex New Common Shares and the Globex Butterfly Shares, as the case may be, is of the aggregate fair market value of all of the Globex New Common Shares and the Globex Butterfly Shares.
As sole consideration, Taiga will issue to each particular Eagle Butterfly Holder an equal number of Taiga Shares having an aggregate fair market value at that time equal to the aggregate fair market value of the Eagle Plains Butterfly Shares that each particular holder of Eagle Plains Butterfly Shares so transferred to Taiga.
Up The holders of Butterfly Shares shall be entitled to receive from the assets of the Corporation an amount equal to the Aggregate Redemption Amount for all of the Butterfly Shares before any amount shall be paid or any assets of the Corporation distributed upon any liquidation, dissolution or winding-up of the Corporation to the holders of Common Shares, Preference Shares or any other shares of the Corporation.
Such Butterfly Shares shall be redeemed on the Retraction Date and from and after the Retraction Date the holder of the Butterfly Shares redeemed shall cease to be entitled to dividends and shall not be entitled to exercise any of the rights of holders of Butterfly Shares in respect thereof unless payment of the Redemption Amount is not made on the Retraction Date, in which event the rights of the holder of the Butterfly Shares in respect of which payment has not been made shall remain unaffected.
All Eagle Plains New Shares, Eagle Plains Butterfly Shares, Taiga Reorganization Shares and Taiga Shares issued pursuant hereto shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares for all purposes of the BCA.
Picking one argument among a vast array of successful arguments is inappropriate.
No fractional Globex Butterfly Shares will be issued to Shareholders upon the exchange of Globex Common Shares for, among other things, the Globex Butterfly Shares and the number of Globex Butterfly Shares to which each Shareholder is entitled will be rounded down to the next whole number and no payment will be made in respect of such fractional share.