Class B Special Shares definition
Examples of Class B Special Shares in a sentence
The Class B Special Shares shall have attached thereto, as a class, the rights, privileges, restrictions and conditions set out in this Article 7.
Immediately prior to the Closing, (A) 16,260,659 Common Shares are validly issued and outstanding, fully paid and nonassessable, (B) 16,260,658.8 Class B Special Shares are validly issued and outstanding, fully paid and nonassessable, (C) no Class A Special Shares are issued and outstanding and (D) no Class A Preferred Shares are issued or outstanding.
The Private Placement Shares, the Class A Special Shares and the Class B Special Shares shall be duly authorized, validly issued, fully paid and non-assessable and the Private Placement Shares shall bear a legend restricting the transfer of such Private Placement Shares, as contemplated by Section 2(e) of the Subscription Agreement.
The holders of Class B Special Shares exercising their option to have the Corporation redeem, shall give notice to the Corporation setting out the date on which the Corporation is to redeem the shares, which date shall be not less than 10 days from the date of the notice, and if the holders desire to have less than all the Class B Special Shares registered in their names redeemed by the Corporation, the number of the shares of the holders to be redeemed.
In the event that there are no holders of Common Shares, the holders of Class D Special Shares and Class C Special Shares shall, subject to the rights of the holders of the Class A Special Shares and Class B Special Shares, be entitled to receive all of the remaining property and assets of the Corporation.
The Corporation shall, immediately following an Acquisition, redeem all of the then outstanding Class B Special Shares at the Redemption Price.
Until altered, the forms of share certificates for the Common Shares, the Class A Special Shares, the Class B Special Shares and the Class C Special Shares of the Corporation shall be in the same forms respectively as the share certificates for the Common Shares, the Class A Preferred Shares, the Class B Preferred Shares and the Class C Preferred Shares of Delano, as such share certificate shall be amended from time to time.
Upon payment of the Redemption Price of the Class B Special Shares so redeemed by the Corporation, the holder thereof shall not be entitled to exercise any of the rights of shareholders in respect thereof.
Such redemption notice shall notify Xxxxxx Xxxxxx of Brantford’s intention to redeem the Class B Special Shares it holds in Amalco Holdco.
Upon resolution of all Disputed Claims, any remaining balance of the Cash Pool, and any undistributed Second Secured Debentures, Class A Special - 7 - Shares, Class B Special Shares and Common Shares, as the case may be, will be distributed in accordance with this Article 4.