Common Share VWAP definition
Common Share VWAP means $7.5778, being the volume weighted average trading price of the Common Shares on the CSE for the five trading days immediately prior to the date of the Arrangement Agreement.
Common Share VWAP means the volume-weighted average trading price of the Common Shares of the Bank on the Toronto Stock Exchange (the “TSX”) or, if not then listed on that exchange, on another exchange or market chosen by the Board of Directors on which Common Shares are then traded, for the 10 consecutive trading days ending on the business day immediately prior to the date on which the Trigger Event occurs (with the Contingent Conversion occurring as of the start of business on the date on which the Trigger Event occurs). If no such trading prices are available, “Common Share VWAP” shall be the Conversion Price Floor.
Common Share VWAP means $32.30.
More Definitions of Common Share VWAP
Common Share VWAP means the volume-weighted average trading price of the Common Shares of the Bank on the Toronto Stock Exchange (the “TSX”) or, if not then listed on that exchange, on another exchange or market chosen by the Board of Directors on which Common Shares are then traded, for the 10 consecutive trading days ending on the trading day immediately prior to the date on which the Trigger Event occurs (with the Contingent Conversion occurring as of the start of business on the date on which the Trigger Event occurs). If no such trading prices are available, “Common Share VWAP” shall be the Conversion Price Floor.• “Conversion Price Floor” means $5.00, subject to adjustment.• “Conversion Price” shall be the greater of: (i) the Conversion Price Floor; and (ii) the Common Share VWAP. Prohibited Owners: The Preferred Shares Series 47 will contain provisions that will provide mechanics to address holders of Preferred Shares Series 47 that are prohibited pursuant to legislation governing the Bank from acquiring Common Shares upon a Trigger Event which will allow such holders to continue to receive the economic benefits derived from the Common Shares and allow such holders to transfer their entitlements to persons that are permitted to own Common Shares and allow such persons to thereafter receive direct ownership of the Common Shares. Rights on Liquidation: In the event of the liquidation, dissolution or winding-up of the Bank, where a Trigger Event has not occurred, the holders of the Preferred Shares Series 47 will be entitled to receive $25.00 per share together with all dividends declared and unpaid to the date of payment before any amount will be paid or any assets of the Bank distributed to the holders of any shares ranking junior to the Preferred Shares Series47. The holders of the Preferred Shares Series 47 will not be entitled to share in any further distribution of the property or assets of the Bank.