IPL Common Shares definition

IPL Common Shares means the common shares in the capital of IPL;
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IPL Common Shares means the common shares in the capital of Inter Pipeline;
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IPL Common Shares means the Class A common shares in the capital of IPL;
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Examples of IPL Common Shares in a sentence

  • Notwithstanding the unanimous recommendation of the IPL Board that IPL Shareholders vote in favour of the Arrangement Resolution, IPL Shareholders should make their own decisions whether to vote their IPL Common Shares in favour of the Arrangement Resolution and, if appropriate, should consult their own legal, tax, financial or other professional advisors in making that decision.

  • Upon completion of the Arrangement, assuming there are no Dissenting IPL Shareholders and that no IPL Common Shares or Pembina Common Shares are issued between the date of the Arrangement Agreement and the Effective Date, it is expected that there will be approximately 765 million Pembina Common Shares issued and outstanding.

  • Pembina and IPL shall proceed to effect a plan of arrangement under Section 193 of the ABCA pursuant to which, on the Effective Date, on the terms contained in the Plan of Arrangement, among other things, each holder of IPL Common Shares (other than those IPL Common Shares in respect of which the holder thereof has validly exercised Dissent Rights) shall receive, for each IPL Common Share, such number of Pembina Common Shares equal to the Exchange Ratio.

  • Each of the Parties agrees to take whatever steps are within its power to authorize and enable Acquireco to complete the exercise of the IPL Purchase Option and to acquire the IPL Common Shares pursuant thereto.

  • Under the terms of the Transaction, holders of IPL Common Shares ("IPL Shareholders") will, for each IPL Common Share held, receive 0.5 of a common share of Pembina (each whole share, a "Pembina Common Share").The Arrangement Agreement provides for customary non-solicitation covenants, subject to the fiduciary obligations of the board of directors of IPL (the "IPL Board"), and the right of Pembina to match any superior proposal (as defined in the Arrangement Agreement) within five business days.

  • The terms and conditions of the Current Brookfield Bid provide that no more than 23.0 million BIPC Shares may be issued in consideration for the IPL Common Shares.

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the IPL Common Shares or any other securities of IPL has been issued by any Governmental Entity and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of IPL, are contemplated or threatened under any applicable Laws or by any other Governmental Entity.

  • It is also a condition in favour of Pembina that holders of not greater than 5% of the outstanding IPL Common Shares shall have validly exercised dissent rights with respect to the Transaction that have not been withdrawn at the effective date (unless Brookfield shall have validly exercised dissent rights with respect to the Transaction, in which case the relevant threshold is 15%).

  • Additionally, each Supporting IPL Shareholder has agreed to a number of negative covenants in furtherance of the consummation of the Arrangement, including an agreement not to tender (or agree to tender) any IPL Common Shares to the Original Brookfield Bid (or any amendment thereto, including the Current Brookfield Bid) or to any other take-over bid made for the IPL Common Shares, and to otherwise support the Arrangement.

  • On June 1, 2021, Pembina and IPL announced that they entered into an arrangement agreement (the "Arrangement Agreement") dated May 31, 2021 pursuant to which Pembina will acquire all of the issued and outstanding common shares of IPL ("IPL Common Shares") pursuant to a court approved plan of arrangement under the Business Corporations Act (Alberta) (the "Transaction").

Related to IPL Common Shares

  • Common Shares means the common shares in the capital of the Company;

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • New Common Shares means the common stock or common equity of Reorganized XOG to be issued on the Effective Date.

  • Parent Common Shares means the common shares of the Parent;

  • Common Stock means the common stock of the Company.

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • Additional Common Shares means all common stock (including reissued shares) Issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock Issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors or consultants to the Company.

  • Company Common Shares means shares of Company Common Stock.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • Merger Sub Common Stock means the shares of common stock, par value $0.001 per share, of Merger Sub.

  • Acquiror Common Stock means the common stock, par value $0.01 per share, of the Acquiror.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • A Ordinary Shares means the A ordinary shares of £0.01 each in the capital of the Company;

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Additional Common Stock herein shall mean in the most broadest sense all shares of Common Stock hereafter issued by the Borrower (including, but not limited to Common Stock held in the treasury of the Borrower and common stock purchasable via derivative security or option on the date of such grant ), except Common Stock issued upon the conversion of any of this Convertible Note or Warrant.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Parent Ordinary Shares means the Ordinary Shares, nominal value NIS 0.0175 per share, of Parent.

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.