Exchange Put Right definition

Exchange Put Right has the meaning provided in the Exchangeable Share Provisions.

Exchange Put Right has the meaning provided in Section 8.1.

Exchange Put Right has the meaning provided in Article 8.

Examples of Exchange Put Right in a sentence

• The Trustee shall keep available for inspection by ParentCo and the Corporation, at the Trustee's principal transfer office in Toronto, Ontario, correct and complete books and records of account relating to the Trustee's actions under this agreement, including without limitation all information relating to mailings and instructions to and from Holders and all transactions pursuant to the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights for the term of this agreement.

• The Exchange Put Right and the Exchange Right shall be and remain vested in and exercised by the Trustee.

• To the extent that no instructions are received from a Holder with respect to the Exchange Put Right and the Exchange Right, the Trustee shall not exercise or permit the exercise of the Exchange Put Right and the Exchange Right.

• Subject to Section 4.15 hereof, the Trustee shall exercise the Exchange Put Right and the Exchange Right only on the basis of instructions received pursuant to this Article 3 from Holders entitled to instruct the Trustee as to the exercise thereof.

• The purchase price payable by ParentCo or ParentCo Sub for each Exchangeable Share to be purchased by ParentCo or ParentCo Sub (a) under the Exchange Put Right shall be the amount determined under the Exchangeable Share Provisions, and (b) under the Exchange Right shall be an amount equal to the Exchangeable Share Price on the last Business Day prior to the day of closing of the purchase and sale of such Exchangeable Share under the Exchange Right.

More Definitions of Exchange Put Right

Exchange Put Right has the meaning provided in Section 8.1(a) of the Exchangeable Share Provisions.

Exchange Put Right has the meaning ascribed thereto in Section 5.14 hereof.

Exchange Put Right has the meaning provided in the Exchangeable Share Provisions. "EXCHANGE RIGHT" has the meaning provided in Section 5.1 hereof. "EXCHANGEABLE SHARE CONSIDERATION" has the meaning provided in the Exchangeable Share Provisions. "EXCHANGEABLE SHARE PRICE" has the meaning provided in the Exchangeable Share Provisions. "EXCHANGEABLE SHARE PROVISIONS" has the meaning provided in the recitals hereto. "EXCHANGEABLE SHARES" has the meaning provided in the recitals hereto. "HOLDER VOTES" has the meaning provided in Section 4.3 hereof. "HOLDERS" means the registered holders from time to time of Exchangeable Shares, other than Parent and its subsidiaries. "INSOLVENCY EVENT" means the institution by the Company of any proceeding to be adjudicated a bankrupt or insolvent or to be dissolved or wound-up, or the consent of the Company to the institution of bankruptcy, insolvency, dissolution or winding-up proceedings against it, or the filing of a petition, answer or consent seeking dissolution or winding-up under any bankruptcy, insolvency or analogous laws, including without limitation the Companies Creditors' Arrangement Act (Canada) and the Bankruptcy and Insolvency Act (Canada), and the failure by the Company to contest in good faith any such proceedings commenced in respect of the Company within 30 days of becoming aware thereof, or the consent by the Company to the filing of any such petition or to the appointment of a receiver, or the making by the Company of a general assignment for the benefit of creditors, or the admission in writing by the Company of its inability to pay its debts generally as they become due, or the Company not being permitted, pursuant to liquidity or solvency requirements of applicable law, to redeem any Retracted Shares pursuant to Section 6.6 of the Exchangeable Share Provisions. "LIQUIDATION CALL RIGHT" has the meaning provided in the Articles of Arrangement. "LIQUIDATION EVENT" has the meaning provided in subsection 5.13(b) hereof.

Exchange Put Right means the right of a holder of Exchangeable Shares, pursuant to the Exchangeable Share Provisions, to require @Road to purchase all or any part of the Exchangeable Shares of the holder upon the occurrence of a failure of either Exchangeco or Callco to complete any redemption, retraction, distribution or liquidation in respect of, or purchase Exchangeable Shares required to be completed by it as contemplated by the Exchangeable Share Provisions, by the Notice of Articles or Articles of Exchangeco or in the Voting and Exchange Trust Agreement (unless Callco or any other person controlled by @Road shall have otherwise purchased such Exchangeable Shares in accordance with the provisions of the Notice of Articles or Articles of Exchangeco or the Voting and Exchange Trust Agreement within the delays afforded to it pursuant thereto);

Exchange Put Right has the meaning set forth in the Exchange Put Right Agreement.

Exchange Put Right has the meaning ascribed thereto in Section 9.1;

Exchange Put Right has the meaning ascribed thereto in Section 3.1 hereof.