LIPO USA definition

LIPO USA means LIPO Investments (USA) Inc., a company existing under the laws of the Province of British Columbia;
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LIPO USA has the meaning set forth in the recitals.
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LIPO USA means LIPO Investments (USA) Inc., a company existing under the laws of the Province of British Columbia; “LIPO USA Arrangement Resolutions” means the special resolutions passed by the holders of the LIPO USA Shares and LIPO USA Options at the LIPO USA Meeting; “LIPO USA Meeting” means the extraordinary general meeting of the holders of LIPO USA Shares and LIPO USA Options (including any adjournment thereof) that is to be convened as provided by the Interim Order to consider and, if deemed advisable, approve the Arrangement; “LIPO USA Option” means a Class B option to purchase LIPO USA Shares granted under the LIPO USA Option Plan and being outstanding and unexercised on the Effective Date; “LIPO USA Option Plan” means the LIPO USA stock option plan approved by the board of directors of LIPO USA on December 1, 2005;
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Examples of LIPO USA in a sentence

  • None of Exchangeco, Callco, Lululemon or LIPO USA shall be obligated to seek or obtain a minimum price for any of the Lululemon Common Shares or other consideration sold or disposed of by it hereunder, nor shall any of them be liable for any loss arising out of any such sale or disposition.

  • The parties will take such action as may be required to comply with Section 116 of the ITA in respect of the transactions contemplated herein and to facilitate compliance with such provisions by the holders of LIPO Canada Securities and LIPO USA Securities in respect of the transactions contemplated herein.

  • This Plan of Arrangement will become effective at, and be binding at and after, the Effective Time on (i) LIPO Canada and LIPO USA, (ii) Lululemon, Callco and Exchangeco, (iii) all holders of LIPO Canada Shares and LIPO USA Shares, (iv) all holders and all beneficial holders of Exchangeable Shares, and (v) all holders of LIPO Canada Options and LIPO USA Options.

  • The Company directly owns 100% of the USA Participating Preferred Stock and the Institutional Investors and LIPO USA own 48% and 52%, respectively, of the USA Non-Participating Preferred Stock.

  • Substantially all of the assets of LIPO Canada and LIPO USA consists of their holdings in LAI and USA, respectively.

  • The parties to this Agreement other than the Investors will take such action as may be required to comply with Section 116 of the Income Tax Act (Canada) in respect of the transactions contemplated herein and to facilitate compliance with such provisions by holders of LIPO Canada Common Shares, LIPO Canada Options, LIPO USA Common Shares, LIPO USA Options and options to purchase LAI Class C Shares in respect of the transactions contemplated herein.

  • Such option will provide for an exercise price per LIPO USA Share equal to $0.01 per share.

  • DW and LIPO (USA) shall repay, or cause to be repaid, all outstanding loans owed by DW, LIPO (USA) or any of their Affiliates, to Company Entities, whether or not otherwise then due and payable.

  • LIPO (USA) desires to sell all of the issued and outstanding shares of Participating Preferred Stock held by it to Lulu Holdco and Lulu Holdco desires to purchase such stock, subject to the terms and conditions set forth herein.

  • Each of DW, LIPO (USA) and OHI hereby agree and covenant that, if an adjustment is required pursuant to Article 3 of the Canadian Purchase Agreement, LIPO (USA) shall, and DW and OHI shall cause LIPO (USA) to surrender to Lulu Holdco the appropriate amount of shares of Series TS Preferred Stock issued to LIPO (USA) under this Agreement to the extent required by Article 3 of the Canadian Purchase Agreement within the time period set forth therein.