Exercise of Exchange Right Subsequent to Retraction. In the event that a Beneficiary has exercised its right under Article 6 of the Exchangeable Share Provisions to require ExchangeCo to redeem any or all of the Exchangeable Shares held by the Beneficiary (the “Retracted Shares”) and is notified by ExchangeCo pursuant to Section 6.6 of the Exchangeable Share Provisions that ExchangeCo will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, and provided that ExchangeCo shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Beneficiary has not revoked the retraction request delivered by the Beneficiary to ExchangeCo pursuant to Section 6.1 of the Exchangeable Share Provisions, the retraction request will constitute and will be deemed to constitute notice from the Beneficiary to Trustee instructing Trustee to exercise the Exchange Right with respect to those Retracted Shares that ExchangeCo is unable to redeem. In any such event, ExchangeCo hereby agrees with Trustee and in favour of the Beneficiary to immediately notify Trustee of the prohibition against ExchangeCo redeeming all of the Retracted Shares and to promptly to forward or cause to be forwarded to Trustee all relevant materials delivered by the Beneficiary to ExchangeCo or to the transfer agent of the Exchangeable Shares (including without limitation, a copy of the retraction request delivered pursuant to Section 6.1 of the Exchangeable Share Provisions) in connection with such proposed redemption of the Retracted Shares and Trustee will thereupon exercise the Exchange Right with respect to the Retracted Shares that ExchangeCo is not permitted to redeem and will require Parent to purchase such shares in accordance with the provisions of this Article 5.
Exercise of Exchange Right Subsequent to Retraction. In the event that a Holder has exercised such Holder's right under Article 5 of the Corporation Articles to require the Corporation to redeem any or all of the Non- Voting Exchangeable Shares held by such Holder (the "Retracted Shares") and is notified by the Corporation pursuant to Section 5.6 of the Corporation Articles that the Corporation will not be permitted by virtue of the provisions of the Act to redeem all such Retracted Shares, and provided that SOFO shall not have exercised the Retraction/Redemption Call Right with respect to the Retracted Shares, the Retraction Request will constitute and will be deemed to constitute notice from the Holder to SOFO that the Holder is exercising the Exchange Right with respect to those Retracted Shares which the Corporation is unable to redeem. In any such event, the Corporation hereby agrees to notify SOFO as soon as practicable of such prohibition against the Corporation redeeming all of the Retracted Shares and to forward or cause to be forwarded to SOFO all relevant materials delivered by the Holder to the Corporation (including without limitation a copy of the Retraction Request) in connection with such proposed redemption of the Retracted Shares, and SOFO agrees to purchase the Retracted Shares (by issuing SOFO Common Shares in exchange therefor) that the Corporation is not permitted to redeem in accordance with the provisions of the Corporation Articles.
Exercise of Exchange Right Subsequent to Retraction. In the event that a Beneficiary has exercised its retraction right under Section 26.6(a) of the Exchangeable Share Provisions to require ExchangeCo to redeem any or all of the Exchangeable Shares held by the Beneficiary (the “Retracted Shares”) and is notified by ExchangeCo pursuant to Section 26.6(a)(iii) of the Exchangeable Share Provisions that ExchangeCo will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, subject to receipt by the Share Trustee of written notice to that effect from ExchangeCo, and provided that CallCo has not exercised its Retraction Call Right with respect to the Retracted Shares and that the Beneficiary shall not have revoked the retraction request delivered by the Beneficiary to ExchangeCo pursuant to Section 26.6(a)(iv) of the Exchangeable Share Provisions, the retraction request will constitute and will be deemed to constitute notice from the Beneficiary to the Share Trustee instructing the Share Trustee to exercise the Exchange Right with respect to those Retracted Shares that ExchangeCo is unable to
Exercise of Exchange Right Subsequent to Retraction. If the Holder has exercised his right under Article 6 of the Exchangeable Share Provisions to require the Corporation to redeem any or all of the Exchangeable Shares held by the Holder (the "Retracted Shares") and is notified by the Corporation pursuant to section 6.6 of the Exchangeable Share Provisions that the Corporation will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, and provided that the Parent shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Holder has not revoked the retraction request delivered by the Holder to the Corporation pursuant to section 6.7 of the Exchangeable Share Provisions, the retraction request will constitute the exercise of the Exchange Right with respect to those Retracted Shares which the Corporation is unable to redeem.
Exercise of Exchange Right Subsequent to Retraction. In the event that a Non-Affiliated Holder has delivered a Retraction Request pursuant to Article B7 of the Share Provisions, and provided that Callco has not exercised its Call Right with respect to the Retracted Shares and that the holder shall not have revoked the Retraction Request delivered by the holder to Amalco pursuant to Section B7.4(e) of the Share Provisions, the Retraction Request will constitute and will be deemed to constitute notice from the holder of the exercise of the Exchange Right with respect to those Retracted Shares.
Exercise of Exchange Right Subsequent to Retraction. In the event that an Exchangeable Shareholder has exercised its right under the Exchangeable Share Provisions to require Sciax to retract any or all of the Exchangeable Shares held by such Exchangeable Shareholder (the "RETRACTED SHARES") and is notified by Sciax pursuant to the Exchangeable Share Provisions that Sciax will not be permitted as a result of solvency requirements of applicable law to purchase all such Retracted Shares, and provided that Sub shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Exchangeable Shareholder has not revoked the retraction request delivered by the Exchangeable Shareholder to Sciax pursuant to the Exchangeable Share Provisions, the retraction request will constitute and will be deemed to constitute notice from the Exchangeable Shareholder to Ugomedia to exercise the Exchange Right with respect to those Retracted Shares which Sciax is unable to purchase.
Exercise of Exchange Right Subsequent to Retraction. In the event that a Holder has exercised its rights under Article 6 of the Exchangeable Share Provisions to require Corporation to redeem any or all of the Exchangeable Shares held by the Holder (the "Retracted Shares") and is notified by Corporation pursuant to Section 6.4 of the Exchangeable Share Provisions that Corporation will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, provided that PASW (either directly or indirectly through one or more of its Permitted Subsidiaries) shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Holder has not revoked the retraction request delivered by the Holder to Corporation pursuant to Section 6.1 of the Exchangeable Share Provisions, the retraction request will constitute and will be deemed to constitute notice from the Holder of the exercise of the Exchange Right with respect to those Retracted Shares which Corporation is unable to redeem. In any such event, Corporation hereby agrees to immediately notify the Holder of such prohibition against Corporation redeeming all of the Retracted Shares.
Exercise of Exchange Right Subsequent to Retraction. In the event that 2024069 has exercised its right under subsection III.5 of the Share Provisions to require Neutron Exchangeco to redeem any or all of the Exchangeable Shares (the ''Retracted Shares'') and is notified by Neutron Exchangeco pursuant to paragraph III.5(g) of the Share Provisions that Neutron Exchangeco will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, and provided that Neutron Holdings shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that 2024069 has not revoked the retraction request pursuant to paragraph III.5(d) of the Share Provisions, the retraction request will constitute and will be deemed to constitute notice from 2024069 to Neutron Holdings of exercise of the Exchange Right with respect to those Retracted Shares that Neutron Exchangeco is unable to redeem.
Exercise of Exchange Right Subsequent to Retraction. In the event that the Shareholders has exercised its right under subsection III.5 of the Share Provisions to require Pure Exchangeco to redeem any or all of the Exchangeable Shares (the ‘‘Retracted Shares’’) and is notified by Pure Exchangeco pursuant to paragraph III.5(g) of the Share Provisions that Pure Exchangeco will not be permitted as a result of solvency requirements of applicable law to redeem all such Retracted Shares, and provided that Pure shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Shareholders has not revoked the retraction request pursuant to paragraph III.5(d) of the Share Provisions, the retraction request will constitute and will be deemed to constitute notice from the Shareholders to Pure of exercise of the Exchange Right with respect to those Retracted Shares that Pure Exchangeco is unable to redeem.
Exercise of Exchange Right Subsequent to Retraction. In the event that a Holder has exercised its right under Article 5 of the Exchangeable Share Provisions to require the Corporation to redeem any or all of the Exchangeable Shares held by the Holder (the "Retracted Shares") and is notified by the Corporation pursuant to section 5.6 of the Exchangeable Share Provisions that the Corporation is not permitted as a result of solvency requirements of applicable law to redeem all of such Retracted Shares, and provided that 3-D shall not have exercised the Retraction Call Right with respect to the Retracted Shares, the retraction request shall constitute and shall be deemed to constitute an exercise of the Exchange
