Examples of Exchangeable Securities in a sentence
None of the Company, the Partnership nor the Fund shall propose, agree to or otherwise give effect to any amendment to, waiver of or forgiveness of its rights or obligations under this Agreement without the approval of the holders of the Exchangeable Securities, other than such amendments, waivers and/or forgiveness as may be made pursuant to Section 6.6.
EIFH hereby represents, warrants and covenants in favour of the holders of Exchangeable Securities that EIFH has reserved for issuance and will, at all times while this Agreement is outstanding, keep available, free from any pre-emptive and other rights granted by EIFH, such number of EIFH Common Shares as are issuable under the Exchange Right.
If a holder of Exchangeable Securities would have been a “dissenting offeree” if such holder held Pubco Shares, such holder's Exchangeable Securities will be exchanged in accordance with Section 2.5.
At the time of any exercise of an Exchange Right hereunder, the Special Voting Shares that were issued by the Public Corporation in favour of the Exchangeable Shareholder will be automatically cancelled by the Public Corporation in proportion to the Exchangeable Securities being exchanged for no consideration and without any action required on the part of the Public Corporation or the Exchangeable Shareholder to effect such cancellation.
ECT hereby represents, warrants and covenants in favour of the holders of Exchangeable Securities, EIFH and the Fund that ECT has reserved for issuance and will, at all times while this Agreement is outstanding, keep available, free from any pre-emptive and other rights granted by ECT, such number of ECT Common Units, ECT Preferred Units or ECT Class B Units, as applicable, as are issuable under the applicable Exchange Right.