Examples of MTS Shares in a sentence
During the Restriction Period, the Participant shall have all other rights of a stockholder of MTS with respect to the Shares, including the right to vote the Shares and to receive all cash dividends or other distributions (other than in the form of MTS Shares) paid or made with respect to the Shares.
The offering of the MTS Shares to the public was done by a group of underwriters which included Wellington West.
On December 20, 1996 MTS filed with the Commission and obtained a receipt from the Director for a prospectus (the "Final Prospectus") qualifying the distribution of 70,000,000 common shares of MTS (the "MTS Shares").
In respect of any Principal Sales made to the Company by the Filer as principal, the Filer may realize a financial benefit to the extent that the proceeds received from the Company exceed the aggregate cost to the Filer of such MTS Shares.
For the reasons set forth in paragraphs 21 and 22 above, and the fact that no commissions are payable to the Filer in connection with the Principal Sales, in the case of the Principal Sales, the interests of the Company and the shareholders of the Company may be enhanced by insulating the Company from price increases in respect of the MTS Shares.
The net proceeds from the sale of the Capital Shares and Preferred Shares under the Final Prospectus, after payment of commissions to the Agents, expenses of issue and carrying costs relating to the acquisition of the MTS Shares, will be used by the Company to: (i) pay the acquisition cost (including any related costs or expenses) of the MTS Shares; and (ii) pay the initial fee payable to the Filer for its services under the Administration Agreement.
It will be the policy of the Board of Directors of the Company to pay dividends on the Capital Shares in an amount equal to the dividends received by the Company on the MTS Shares minus the distributions payable on the Preferred Shares and all administrative and operating expenses of the Company.
The Filer is the promoter of the Company and will be establishing a credit facility in favour of the Company in order to facilitate the acquisition of the MTS Shares by the Company.
The aggregate purchase price to be paid by the Company for the MTS Shares (together with carrying costs and other expenses incurred in connection with the purchase of MTS Shares) will not exceed the net proceeds from the Offerings.
TMO and Smaragd are not a party to any option, warrant, purchase right, or other contract or commitment that could require them to sell, transfer, or otherwise dispose of any MTS Shares or ISH Shares (other than pursuant to this Agreement).