Examples of Newco Common Share in a sentence
Subscriber acknowledges that it is aware that in connection with, and immediately upon completion of, the Cayman Merger, each Ordinary Share of FEAC issued and outstanding immediately prior to the effective time of the Cayman Merger shall automatically be cancelled and cease to exist in exchange for the right to receive, without interest, one Newco Common Share.
Amalco shall issue to PTQ one common share of Amalco for the PTQ Newco Common Share held by PTQ and one common share of Amalco for each PTQ Common Share issued pursuant to Section 4.01 hereof.
The purchase price for each such CN Exchangeable Share so purchased may be satisfied only by Newco issuing to the relevant Beneficiary, one Newco Common Share and delivering or causing to be delivered to the relevant Beneficiary a Newco Stapled Unit certificate representing same (as well as the CN Voting Shares retained by such Beneficiary) and on the applicable payment date a cheque for the balance, if any, of the purchase price without interest (but less any amounts withheld pursuant to section 5.13).
The authorized capital of PTQ Newco consists of an unlimited number of PTQ Newco Common Shares and as at the date hereof, there was one (1) PTQ Newco Common Share outstanding, no options to purchase PTQ Newco Common Shares and no warrants to purchase PTQ Newco Common Shares.
Under the Arrangement, the existing Shareholders, in exchange for their Common Shares, will receive one New Common Share and one Newco Common Share.
All of the Reorganization Shares will be transferred by Shareholders to Newco in exchange for Newco Common Shares on the basis of one Newco Common Share for each Reorganization Share held.
Notes to Financial Statements NOTE 9 – Commitments (Continued) Rent expense comprised the following for the twelve months ended August 31, 2018 including facilities shared with Communities in Schools of Brazoria County, Inc.
To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes as having been paid to the COS Shareholder or the holder of the Newco Common Share in respect of which such deduction and withholding was made, provided that such withheld amounts are actually remitted in accordance with applicable law to the appropriate taxing authority.
As consideration for the Class B Shares transferred to it, Newco will issue to each such holder, one Newco Common Share for each Class B Share exchanged by it.
All of the Reorganization Shares will be transferred by Shareholders to Newco in exchange for the issuance of Newco Common Shares on the basis of one Newco Common Share for each Reorganization Share held.