Examples of Dissenting Holder in a sentence
The tax consequences as described above under “—Holders Resident in Canada—Capital Gains and Losses,” on page 69, will apply to the taxation of capital gains and losses to a Resident Dissenting Holder.
Generally, a Resident Dissenting Holder will realize a capital gain (or capital loss) to the extent that the proceeds of disposition received from Amalco on the disposition of the CRH shares, less any interest awarded by the Court, exceeds (or is less than) the adjusted cost base to the Resident Dissenting Holder of such CRH shares immediately before the disposition and any reasonable costs of disposition.
A Non-Resident Dissenting Holder will not be subject to Canadian withholding tax on any amount of interest that is awarded by a court provided such interest is not “participating debt interest” (as defined in the Tax Act).
A Non-Resident Dissenting Holder will realize a capital gain (or capital loss) to the extent that the proceeds of disposition received from Amalco on the disposition of the CRH shares, less any interest awarded by the Court, exceed (or are less than) the adjusted cost base to the Non-Resident Dissenting Holder of such CRH shares immediately before the disposition and any reasonable costs of disposition.
Without limiting the obligations of the Company pursuant to Section 1.7.2(c), not later than two Business Days prior to the Closing Date, the Company shall furnish Acquiror with the name and address of any Stockholder who, prior to the Closing, has requested appraisal rights pursuant to Section 262 of the DGCL (and who is thus a Dissenting Holder), and the number of Dissenting Shares owned by such Dissenting Holder.