Examples of LPR Canada in a sentence
The Amended Credit Facility is collateralized by a demand debenture from LPR Canada and each of its restricted subsidiaries in the amount of $500 million granting a first priority security interest over all present and after- acquired personal property and a first floating charge over all other present and after-acquired property, together with a fixed charge and mortgage over its existing borrowing base assets.
Since 1977, the New York No-Fault Automobile Insurance Arbitration program has involved two- phases.
The exchange of PPR common shares for LPR Canada preferred shares and LPR Canada common shares, and the amalgamation of PPR’s wholly owned-subsidiary with Lone Pine Resources were not considered business combinations as there was no change to the controlling shareholder group resulting from the Transaction.
Accordingly, a beneficial shareholder desiring to exercise dissent rights must make arrangements for such LPR Canada Shares to be registered in such holder's name prior to the time the written objection to the LPR Canada Arrangement Resolution is required to be received by LPR Canada or, alternatively, make arrangements for the registered holder of such LPR Canada Shares to dissent on such holder's behalf.
The Preferred Shares are redeemable, in whole or in part, after four years at the option of LPR Canada and eight years at the option of the holder at a price per share equal to the Applicable Redemption Price.
Preferred Shares Pursuant to the Arrangement, all outstanding LPR Canada preferred shares (“Preferred Shares”) were exchanged for PPR common shares at an exchange ratio of 0.81, whereby 60.9 million PPR common shares were issued.
Lone Pine Resources was issued a single class C multiple voting share of LPR Canada which carries approximately 75% of the total voting power of all outstanding shares of LPR Canada entitled to vote generally in the election of directors of LPR Canada.
As such, there were no LPR Canada Class B Shares outstanding (see Note 8).
In addition, during such five (5) Business Day period Arsenal shall, and shall cause its financial and legal advisors to, negotiate in good faith with LPR Canada and its financial and legal advisors, to make such adjustments in the terms and conditions of the Arrangement Agreement as would enable Arsenal to proceed with the Arrangement as amended rather than the Superior Proposal.
If the holder elects to redeem for cash, the cash payment is limited to the paid-up capital of such redeemed Preferred Shares and any remaining amounts owing (the “Excess Amount”) will be paid through the issuance of LPR Canada Class A Shares.