Examples of Canadian Oil Sands Offeror in a sentence
Information herein relating to the Canadian Oil Sands Offeror, Canadian Oil Sands, Canadian Oil Sands Trust, the Initial Canadian Oil Sands Offer and the Revised Canadian Oil Sands Offer has been derived from the Canadian Oil Sands Circular and the Canadian Oil Sands Variation Notices.
In the event the Board withdraws, modifies or changes any of the recommendations, approvals, resolutions or determinations as agreed to under the Pre-Acquisition Agreement in a manner materially adverse to the Canadian Oil Sands Offeror, a non-completion fee would be payable to the Canadian Oil Sands Offeror.
The Canadian Oil Sands Offeror has issued notices of variation with respect to the Revised Canadian Oil Sands Offer dated July 5, 2006 and July 14, 2006 (collectively, the “Canadian Oil Sands Variation Notices”).
Nothing in the Pre-Acquisition Agreement prevents the Canadian Oil Sands Offeror for acquiring, directly or indirectly, additional Common Shares in privately negotiated transactions, in another take-over bid, tender or exchange offer, or otherwise in accordance with applicable securities laws (including by way of compulsory acquisition) following completion of the Canadian Oil Sands Offer.
Other Terms The Pre-Acquisition Agreement also contains certain customary covenants, representations and warranties of each of Canada Southern and the Canadian Oil Sands Offeror.
The Canadian Oil Sands Offeror has issued a notice of variation with respect to the Revised Canadian Oil Sands Offer dated July 5, 2006 (the “Canadian Oil Sands Variation Notice”).
Further, the Tendering Shareholders have also each agreed to notify the Canadian Oil Sands Offeror immediately of any communications received from another party with respect to the entering into of any agreement similar in substance to the Lock-up Agreements or any Take-over Proposal and the particulars thereof and to keep the Canadian Oil Sands Offeror apprised of the status of such communications and the Tendering Shareholder’s response thereto.
Canada Southern has agreed, among other things, that, prior to the earlier of (i) the date on which nominees of the Canadian Oil Sands Offeror on the Board constitute more than 50% of its members and (ii) the date on which the Pre-Acquisition Agreement is terminated, the business of Canada Southern will be conducted in the usual, regular and ordinary course of business consistent with past practice and in compliance in all material respects with all applicable laws.
Reconstitution of Canada Southern Board As soon as reasonably practicable following the acquisition by the Canadian Oil Sands Offeror of a majority of the outstanding Common Shares pursuant to the Canadian Oil Sands Offer, the Board shall be reconstituted through resignations of all existing Canada Southern directors and the appointment of nominees of the Canadian Oil Sands Offeror in their stead.
The Board has issued this Notice of Change as a result of the variation to the Initial Canadian Oil Sands Offer to increase the consideration offered to Shareholders to U.S.$11.10 per Common Share (the “ Revised Canadian Oil Sands Offer”) and because of certain amendments dated June 29, 2006 to the pre-acquisition agreement entered into between Canadian Oil Sands, the Canadian Oil Sands Offeror and Canada Southern on June 18, 2006 (the “Pre-Acquisition Agreement”).