Examples of INX Shares in a sentence
At the completion of the proposed Transaction, each outstanding option to acquire INX Shares (each, an “INX Option”) will be exchanged for options to acquire Resulting Issuer common shares on substantially the same terms as such INX Option, as adjusted for the Exchange Ratio.It is intended that the proposed Transaction will not affect the rights of the INX Token, the security token that has been issued by INX, or holders of INX Tokens, which rights are set forth in the INX Token purchase agreement.
Notwithstanding Section 2.1(1)(b), to the extent that on or before the Closing Time, holders of INX Legacy Warrants exercise such INX Legacy Warrants into INX Shares, the aggregate number of Valdy Consideration Shares issuable pursuant to Section 2.1(1)(b) will increase in accordance with the Conversion Ratio, and the number of Valdy Consideration Legacy Warrants to be issued pursuant to Section 2.3 will decrease in a corresponding amount.
There are no shareholders’ agreements, pooling agreements, voting trusts or other similar agreements with respect to the ownership or voting of any of the INX Shares other than the INX Shareholders’ Agreement.
INX hereby represents and warrants to Valdy that, pursuant to the INX Articles to be in effect as of the Closing Date, because INX Shareholders holding at least 51% of the issued INX Shares as of the Closing Date have either executed this Agreement or will deliver Powers of Attorney in favour of INX, all remaining INX Shareholders will be obligated to sell their INX Shares to Valdy at the Closing Time in accordance with the terms of this Agreement.
Valdy agrees to make a joint election with each Canadian Electing Holder pursuant to subsection 85(1) or 85(2) of the Tax Act (and any similar provision of any provincial tax legislation) (“ Tax Election”) in respect of the exchange of their INX Shares for Valdy Consideration Shares pursuant to Section 2.1. However, Valdy will only make a Tax election with a Canadian Electing Holder who notifies Valdy in writing prior to the Closing Date of its intention to make a Tax Election.