Examples of New Common Shares in a sentence
The New Common Shares to be issued pursuant to subsection 2.3(c)(i) will be evidenced by the existing share certificates representing the Shares which will be deemed for all purposes thereafter to be certificates representing the New Common Shares to which the holder is entitled pursuant to the Arrangement, and no certificates representing such New Common Shares will be issued to the Shareholders.
All Globex New Common Shares and CIM Common Shares issued pursuant hereto shall be deemed to be validly issued and outstanding as fully-paid and non-assessable shares for all purposes of the QBCA and CBCA, respectively.
Subject to applicable law and to Section 3.7, at the time of such compliance, there will, in addition to the delivery of the New Common Shares and Spin-Out Shares to which such holder is thereby entitled, be delivered to such holder, without interest, the amount of the dividend or other distribution with a record date after the Effective Time theretofore paid with respect to such New Common Shares and/or Spin- Out Shares, as applicable.
No dividend or other distribution declared or made after the Effective Time with respect to New Common Shares or Spin-Out Shares with a record date after the Effective Time will be delivered to the holder of any unsurrendered certificate that, immediately prior to the Effective Time, represented outstanding Common Shares unless and until the holder of such certificate will have complied with the provisions of Section 6.1 or Section 6.2, as applicable.
The Shares exchanged for the New Common Shares and Reorganization Shares pursuant subsection 2.3(c)(i) will be cancelled an the authorized capital of Nanton and its notice of articles shall be amended by deleting the Shares (as re- designated as Pre-Arrangement Shares) as a class of share of Nanton.