Examples of NPV Shares in a sentence
Shares of the holding company may, at any time, only be held by employees of OpCo. The Coattail Agreement contains provisions customary for dual class, listed corporations designed to prevent transactions that otherwise would deprive the holders of SVS of rights under applicable provincial take-over bid legislation to which they would have been entitled if the NPV Shares had been SVS.
The conversion of NPV Shares into SVS, whether or not such SVS are subsequently sold, would not constitute a disposition of NPV Shares for the purposes of the Coattail Agreement.
Secondments/ Placements 4.3.4 Secondments and placements can provide an opportunity for ideas to be developed and tested in practical terms.
The NPV Shares do not have any rights to dividends or to the distribution of assets on wind-up.
In addition, the Coattail Agreement does not prevent the transfer of NPV Shares by a holder to a permitted holder.
This Permit to Install is applicable only to the contaminant sources identified.
Description of the Resulting Issuer's Securities The Resulting Issuer will be authorized to issue an unlimited number of SVS without par value and an unlimited number of NPV Shares without par value.
Under the Coattail Agreement, any disposition of NPV Shares (including a transfer to a pledgee as security) by a holder of NPV Shares party to the agreement will be conditional upon the transferee or pledgee becoming a party to the Coattail Agreement, to the extent such transferred NPV Shares are not automatically converted into SVS in accordance with the terms of the NPV Shares.
In accordance with the rules applicable to most senior issuers in Canada, in the event of a take-over bid, the holders of SVS will be entitled to participate on an equal footing with holders of NPV Shares.
All NPV Shares will be held by Management HoldCo, a private corporation the shares of which may only be held by employees of OpCo.The Amalgamation will result in USA Inc.